Business

marijuana leaf
pixabay.com

Michigan Gov. Gretchen Whitmer is among 18 governors to sign a letter urging Congress to open the U.S. banking system to the legal marijuana industry. In the letter written Friday and released Monday, 18 governors say the cash-only environment is a threat to public safety and a burden for governments that tax and regulate marijuana businesses.

Gov. Gretchen Whitmer, a Democrat, says in a written statement that states are seeking a "real solution to a real problem."

Grand Valley State University arch photo
gvsu.edu

Forbes has released its list of America’s Best Employers. Near the top of the Michigan rankings is Grand Valley State University.

In its first-ever list of America’s Best Employers, Forbes breaks it down by state. Among Michigan’s top 39 sits Grand Valley State University ranked #2. Coming in at #1 is University of Michigan Health System.

The Forbes top 10 rounds out with Microsoft at #3 followed by Ford Motor, FedEx, Darden Restaurants, Henry Ford Health System, Pfizer, Arconic and Kellogg.

Gasoline pump photo
Car Talk

A split Michigan House of Representatives is giving the okay to a plan that would shift the fuel sales tax to road funding.

Sales taxes collected at the pump would be shifted to road repairs under a budget plan approved by a divided Michigan House.

Majority Republicans on Thursday billed it as a key component of their counterproposal to Democratic Gov. Gretchen Whitmer's call for higher fuel taxes to fix deteriorating infrastructure. Democrats in opposition say the spending bills would create new problems by diverting money from schools and municipalities.

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National Guard

Unemployment across West Michigan remains low with skilled labor in high demand. Today in Muskegon County, nearly 60 employers are participating in the 8th Annual Muskegon Veterans Job Fair.

When the Muskegon Veterans Jobs Fair began in 2012 the unemployment rate there was hovering around 10 percent.

“We had people lined out into the parking lot.”

That’s the event’s founder, former State Rep. Holly Hughes.

“People were looking for work. And now that’s totally changed, now work’s looking for people.”

FDA finds PFAS in foods

Jun 11, 2019
grocery cart art
flickr

While potentially toxic chemicals have been discovered in dozens of drinking water supplies across the state of Michigan, a recent report by the U.S. Food and Drug Administration found that a number of grocery store bought foods might also be contaminated.

According to the FDA’s findings, Polyfluoroalkyl substances, commonly called “PFAS,” were found in various packaged foods….some even registering over 250 times higher than what has been “deemed safe” to eat by the Environmental Protection Agency.

Brian G. Long, director of Supply Management Research in the Seidman College of Business at Grand Valley State University
gvsu.edu

Uncertainty creeping into the national and global economy is impacting the confidence level of local purchasing managers in the May Supply Management Research survey.

There are also signs the economy is slowing “Our local index of business confidence as fallen to near record low levels.”

Brian G. Long is director of Supply Management Research in the Seidman College of Business at Grand Valley State University.

“And at the same time Market.com, who also surveys business confidence for the United States, indicates that their survey has fallen to a record low level.”

MEDC
MEDC

The Michigan Strategic Fund is supporting three development projects with performance-based grants to bring investment and jobs to the state.

The Michigan Economic Development Corporation says auto supplier Webasto Roof Systems will receive $350,000 to help expand its operations to a site in Auburn Hills. The expansion is expected to create 55 jobs and generate $40 million in total capital investment.

Ranir photo
Becky Olson (Lambert, Edwards & Assoc.)

Two health care companies with deep West Michigan roots are teaming up. Allegan-based Perrigo is acquiring Grand Rapids-based oral self-care product maker Ranir in a deal valued at $750 million.

Ranir makes private label tooth brushes, toothpaste, floss and mouthwash. Perrigo manufactures self-care products and generic pharmaceuticals.

“With the rising cost of health care it’s really important to provide consumers with products that will allow them to take better care of themselves.”

Brian G. Long, director of Supply Management Research in the Seidman College of Business at Grand Valley State University
gvsu.edu

The April Supply Management Research survey indicates the West Michigan economy continues its decades-long slow growth pattern. However, there’s data suggesting  the West Michigan economy could cool in the months ahead.

It began in March when the 70 area purchasing managers surveyed by the Institute for Supply Management Research indicated their optimism in the economy is beginning to wane. Fast forward to April and they’re signaling business is slowing.

Mazda logo
Pngimg.com

U.S. safety regulators are investigating reports that side curtain air bags can inflate for no reason on some Mazda CX-9 large SUVs.

Documents posted Monday by the National Highway Traffic Safety Administration say two owners have complained about the problem. Four people were hurt in one of the cases.

In both complaints owners told the agency that the left and right air bags went off for no reason while the SUVs were moving.

The probe covers CX-9s from the 2010 through 2013 model years. Mazda sold just over 112,000 of the SUVs from 2010 through 2013.

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