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Michigan has one of nation's largest unemployment rate drops in January

The job outlook is looking better all the time. Michigan fared better in its drop in the unemployment rate than most of the U.S., with the rate dropping .5% from Dec. 2013 to Jan. 2014, and 1.1% year-over-year.

Excerpt:

"The jobless rate fell significantly in 19 states, with the biggest declines in Louisiana, Michigan and Tennessee. Louisiana's slid to 4.9% from 5.4%; Michigan's, to 7.8% from 8.3%..."

More here.

Inc. magazine recognizes firm that bucked downward trend in Michigan real-estate

A local title agency focused on the principle that small service is better service, and Inc. magazine took note.

Excerpt:

"Monte Reinert is in the real estate business. What's more, he's in the real estate business in Michigan, where home prices have fallen about 60 percent since 2006. Yet his company,Transnation Title Agency of Michigan, has more than doubled its workforce in the last five years, grown revenues to $13 million, and continues to poach customers from big-name competitors."

More here.

Forecast 2022: Where the nation's best jobs will be

Employment sector trends are mapped out in this interesting article that forecasts where the nation's plum jobs will be. By 2022, the creative class will become an increasingly larger share of the job market in Metro Detroit.

Excerpt:

"...Between 2012 and 2022, the U.S. will add 15.6 million new jobs, according to BLS projections, with the overall workforce growing by 10.8 percent from 145 to 161 million. Of these, 5.6 million will be high-wage, creative class positions. The creative class will grow by 12.5 percent, the highest rate of all groups...

By 2022, blue-collar jobs will make up less and less of the workforce in the old industrial heartland – 19 percent in Buffalo; 21 percent in Pittsburgh; and 21 percent in Detroit."

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Sign up for the 2014 Michigan Social Entrepreneurship Challenge

If you're an entrepreneur geared towards forming your business to serve a good cause, take heed and register for the Michigan Social Entrepreneurship Challenge. 

Excerpt:

"The  Michigan Social Entrepreneurship Challenge  invites individuals and teams to submit plans for an emerging idea or existing venture with a sustainable solution to a clearly defined social problem in areas including, but not limited to, chronic unemployment, health and nutrition, the environment, urban revitalization, and education. Participants will compete for more than $60,000 in prizes. Competition finalists will be granted admission to Michigan Corps’ Impact Investment Fellowship, a four-month training institute to ready top social entrepreneurs for investment at and above the $50,000 level.

...Applicants will be eligible to attend online classes, neighborhood tours, and networking events to support the development of their submission before the  May 30, 2014  deadline. A statewide Social Entrepreneurship Showcase & Summit Event will take place in June to announce winners and celebrate social innovation across Michigan."

Click here for more info and to register.

How to make Michigan a top-shelf travel destination

The Pure Michigan campaign just released its latest state tourism figures, and there has been a year-over-year upturn in visitation and spending from 2012 to 2013. Tourism had a $1.2 billion economic impact in 2013. In light of this, Free Press columnist Tom Walsh opines on what Michigan should be capitalizing on.

Excerpt:

"Eight years after the brilliant Pure Michigan campaign rescued the state’s tourism brand from irrelevance, it’s now time to ask: How does Michigan step up from middle-of-the-pack to become a truly top-tier destination for travelers?

Think food, farms, wineries and craft beer for starters. And think about appealing to China and Toronto and Britain and Germany.

That’s what more than 1,000 attendees at the annual Pure Michigan Governor’s Conference on Tourism will be talking about in Traverse City, starting today. Prior to the opening reception tonight at the Grand Traverse resort, attendees were offered an optional wine-tasting tour of three nearby wineries. It sold out quickly, at $50 a pop.

"Travelers today are more interested in experiences than things," said Sarah Nicholls, a Michigan State University professor and co-author of the annual Michigan tourism outlook to be presented Monday at the conference." 

More here

And read the Pure Michigan report here

Farmington Hills-based Kybba makes Inc. "Build 100" list

Just out: Inc. magazine's list of companies that have consistently upped their headcounts every year, recession or not. IT and staffing firm Kybba is one of the very few that did so.

Excerpt:

"We began the Build 100 project by collecting  data  on more than 100,000 U.S. midmarket companies (those with 85 to 999 employees). We then looked at how many increased head count in every year from 2007 to 2012. Remarkably, fewer than 1.5 percent of the companies met that standard...We focused on head count rather than revenue because we found that increased hiring is more predictive of future sustained growth, and that’s what this project is all about."

More here.

Wallet Hub says Detroit is tops in nation for home-buying power & industrial variety

Detroit ranked 38th best out of America's 60 largest cities to find a job, beating out heavies like Chicago and New York. While there's plenty of room to keep powering up the job prospects, Detroit took the top spots in the categories of annual home-buying power and most industrial variety. 

Excerpt:

"More than 100 million people have moved within the past five years, according to data from the U.S. Census Bureau, and 48% of unemployed individuals have picked up their roots in search of a job over that timeframe.   This societal mobility stands to be a major asset for job seekers as the economy improves.   In fact, 2014 is expected to be a strong year for hiring, with 27% of employers planning to hire, according to the  National Association for Business Economics, and a projected 8% bump in the number of recent college graduates who land jobs, per the  National Association for Colleges and Employers."

More here.

New office building construction, mixed-use projects on rise in Metro Detroit

After the demise of new developments during the recession, blueprints for major construction projects are getting the green light again throughout the Detroit region. Crain's Detroit has a regional survey of what's in the pipeline.

Excerpt:

"There are 23 proposed industrial construction projects of 100,000 square feet or more in metro Detroit, according to CoStar. 

"Fifteen to 20 percent of our business is now construction money," said Dennis Bernard, founder and president of commercial mortgage broker Southfield-based  Bernard Financial Group Inc.  "It was never that big."

...In addition to new office construction, several major mixed-use projects are also on the horizon, many of them in the city of Detroit.

There is the redevelopment, also by Redico, and the  Magic Plus LLC  investment group of the former  Michigan State Fairgrounds  site at 8 Mile Road and Woodward Avenue, a mixed-use project valued at about $150 million."

More here.

MEDC to showcase Michigan's appeal for entrepreneurs, creatives at SxSW trade show

If you're an entrepreneur or creative, the annual SxSW festival is where it's at. The MEDC and other Michigan universities and organizations will be there in a bid to attract talent to relocate the Great Lakes State.

Excerpt:

"This is a timely and dynamic opportunity to meet and talk face-to-face with entrepreneurs and talented, creative people from around the world and persuade them to locate to Michigan to work and start a business," said Michael Finney, president of MEDC, the state's marketing arm and lead advocate for business development, including fostering tourism, film production, and digital-media projects and overall economic growth...

"Our goal at 'South by Southwest' is to elevate Michigan in the minds of the preeminent players redefining the business prospects derived from the confluence of media, technology, creators and consumer trends," said Finney. "And, of course, the 'Pure Michigan' brand creates a positive impression about quality of life in our state."

More here

Arab Film Festival coming to Arab American National Museum

Sit back and watch films from the Middle East that are rarely seen in the U.S. at the Arab American National Museum and Ann Arbor's Michigan Theatre, March 6-8.

Excerpt:

"The schedule includes When I Saw You, written and directed by Palestinian filmmaker Annemarie Jacir. The coming-of-age story set in 1967 in a Jordanian refugee camps has won awards at festivals in Berlin, Cairo and Amiens, France."

More here.

The Henry Ford Museum featured in Conde Nast Traveler

On Condé Nast Traveler's must-see list: The Henry Ford Museum and Greenfield Village, where the homes, factories, and inventions of many of America's earliest entrepreneurs have found a second life.

Excerpt:

"Nowhere does heritage Americana—the defining design aesthetic of the past decade—come more compellingly to life than at the Henry Ford Museum  and Greenfield Village in Dearborn, Michigan. Just west of Detroit, the sprawling 178-acre compound, founded in 1929 by its namesake industrialist, functions not so much as a car museum as it does a chronicle of American innovation."

More here.

New $148M manufacturing research institute to open in Canton this spring

A heavy investment in terms of dollars and jobs has been made in a new high-tech lightweight metals research facility.

Excerpt:

"The $148-million high-tech manufacturing research institute announced Saturday by the White House is expected to bring 10,000 jobs to the Midwest and is to open this spring in Canton, the University of Michigan announced Sunday.

The American Lightweight Materials Manufacturing Innovation Institute will be led by U-M, Ohio-based manufacturing technology nonprofit EWI and Ohio State University.

More than 50 other companies, universities and nonprofits across the U.S. will be involved in the public-private partnership to be headquartered in Canton, with key support in Columbus, Ohio."

More here.

Monroe ranks 3rd on CNN Money list of nation's most affordable small cities

The quaint downriver community of Monroe has made a quality-of-life list worth perusing.

Excerpt:

"Located about midway between Detroit and Toledo, Ohio, Monroe had a vibrant auto supply industry. One famous brand named for the town is Monroe Shocks & Struts, which has retail locations all over the country. Its parent company, Tenneco, is still headquartered in town."

More here.

Metro Detroit home sale prices up 38% year-over-year

Heading into the spring buying season, home sale prices are blooming in the tri-county area.

Excerpt:

"January marked the 11th straight month that metro Detroit median home sales prices rose by double-digits, climbing 38 percent year-over year to $110,000 according to Realcomp."

More here.

Alaska Airlines becomes second new airline at DTW in last year

Now business and leisure travelers have more reasons to go to and from Metro Detroit. And, more people land jobs when new airlines come into town.

Excerpt:

"This week, Seattle-based  Alaska Airlines  announced it will become the second new carrier to add service this year at Detroit Metro, with a nonstop daily flight between Detroit and Seattle starting Sept. 4. New York-based  JetBlue Airways Corp.  announced in October that it will offer three flights a day from Detroit to Boston starting March 10.

Other new flights have been announced recently. Denver-based  Frontier Airlines  will offer a flight from Detroit to Wilmington, Del., starting April 29, and Delta will offer a second daily flight to London starting June 1."

More here
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