Business News

Squeezed Out

Business News 12/02/2017 0 Comments

– Rising rents and gentrification are the dark side of Detroit’s resurgence.   It is the dark side of urban revitalization.  A rundown part of town gets a facelift.  Old buildings with good bones are gutted and restored while others come down to make way for shining new structures. Trendy shops and restaurants open and a once undesirable area is…

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New Research on Refugee Economic Contributions

Asian News Business News 10/17/2017 0 Comments

Global Detroit, University of Michigan release study detailing up to $295 million in annual economic activity West Bloomfield, Michigan – Every year, refugees to Southeast Michigan contribute up to $295 million to the region’s economy and, in 2016 alone, they create up to 2, 311 new jobs. That’s according to a new study released by Global Detroit and University of…

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Treasury Hosting Outreach Seminars in September to Inform Small Businesses about Filing, Paying Taxes Online

Business News 09/12/2017 0 Comments

LANSING, Mich. – The Michigan Department of Treasury is holding several seminars this month to inform small businesses about the benefits of going paperless through Michigan Treasury Online (MTO). MTO is an online resource for business taxpayers that enables businesses to file tax returns, pay taxes and maintain business accounts with the state Treasury Department. Throughout September, Treasury Outreach Team…

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The Future of Most Business Districts Outside of Downtown Detroit Is Uncertain

Business News 05/30/2017 0 Comments

By Lester Graham | Michigan Radio There are small business districts throughout Detroit that are barely hanging on. They were once thriving. But, population loss, and the loss of wealth in the neighborhoods have caused hard times for neighborhood businesses. The question is: what to do with them now? In the MorningSide neighborhood on Detroit’s east side, the main business…

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Samsung Heavy Industries Builds World’s Largest Containership with Intergraph Smart® 3D

Business News 04/25/2017 0 Comments

Successful construction of the MOL Triumph cements partnership of technological excellence HUNTSVILLE, Ala., April 25, 2017 – Samsung Heavy Industries (SHI), one of the world’s leading shipbuilders, has used Intergraph Smart® 3D to design the world’s largest containership for Mitsui O.S.K Lines, Ltd. (MOL), surpassing 20,000 Twenty-foot Equivalent Units (TEU). With a length of 400 meters, breadth of 58.8 meters…

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DTE Energy again lowers natural gas costs to customers – a 9% reduction

Business News 04/20/2017 0 Comments

Natural gas bills down 27% from 10 years ago DETROIT, April 13, 2017 / DTEEnergy customers will see the cost of natural gas drop in their April gas bills nearly 9 percent, due to the downward trend of natural gas prices.  The company passes any savings it realizes on natural gas costs directly to its customers. DTE Energy lowered the gas rate…

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Improving City Services In Detroit

Business News 01/23/2016 0 Comments

Immerse yourself in the customer’s world and get to know their struggles and triumphs inside out.” ― Dane Brookes Most citizens of metro Detroit realize that the basic infrastructure of the city needs tremendous improvement. While downtown Detroit is bubbling with new businesses and upcoming artists, city services are lacking. It is a wonderful treat to visit the downtown area…

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Incoming Asian companies to boost Detroit’s Economy – Is Detroit Ready?

Business News 01/23/2016 0 Comments

[Detroit=The Michigan Korean Weekly] Aaron Foley = The momentum around Detroit’s slow-but-steady comeback has attracted throngs of new residents to the city’s downtown core and reinvestment from several firms. But while big real estate deals and large-scale moves grab headlines, smaller business owners are still taking a wait-and-see approach, particularly minority-owned firms. Across Metro Detroit, suppliers, logistics firms, engineering offices,…

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