Michigan economy

LANSING, MI -- Personal income in Michigan rose 4 percent in 2014, but Michiganders still lag behind those in other states on income per capita. That's according to the U.S. Department of Commerce's Bureau of Economic Analysis, which released its report on personal income by state this week. (MLive)

AP Photo/Paul Sancya

Earlier this month, State Rep. Al Pscholka (R-Stevensville) introduced legislation to fast-track the elimination of the Venture Michigan Fund. It’s designed to invest in venture capital firms around Michigan, that in turn, help them invest in growing businesses and hopefully create jobs. The fund has already had a large impact on the state, but there are worries about how it could affect the state’s budget in the future.


There are more than $9-billion in un-cashed Michigan business tax credits outstanding and waiting to play havoc with future state budgets. 

Jobless rate dropped four tenths of a percent in December

Outlook makes plans for tax cuts less likely