business

Melissa Benmark / WKAR

(MPRN-Lansing) Negotiations continue at the state Capitol on adopting new tax incentives to attract a large “cloud” data center to west Michigan. 

"The City Council on Tuesday approved transferring the vacant lot of the former Tiger Stadium to the Detroit Economic Growth Corp., paving the way for redevelopment of the site." (Detroit Free Press)

"Legislation pending in Lansing would update and streamline state regulations over Michigan credit unions and potentially enable them to expand services. Highlights of the six-bill package that cleared a state House committee this month include allowing state-chartered credit unions to partner to form a service organization to provide trust services. It would also alter regulations on fields of membership to allow businesses based out of state but with a market presence in Michigan to join a local credit union." (MiBiz)

WSW: Why West Michigan Businesses Want to Move Overseas

Nov 20, 2015
Perrigo/Wikimedia Commons

Lately, more and more West Michigan companies are looking at leaving West Michigan. Not physically – their buildings and factories are still here. But through a legal loophole called a “tax inversion,” businesses can merge with or purchase an overseas company and move their headquarters to a place like Ireland or the Netherlands, where business taxes are far lower than the United States. In just the past few years, Perrigo, Stryker and Pfizer have all talked about (or actually pursued) a tax inversion. Western Michigan University international finance professor Christopher Korth says these moves aren't good for the country, but unless we change our tax code, tax inversions won't stop.


"Kellogg Co. is one of eight Michigan-based companies to earn a perfect score in the Human Rights Campaign Foundation's 2016 Corporate Equality Index, the foundation announced Wednesday." (Battle Creek Enquirer)

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