Blog categorized as Business

U.S. Energy Secretary Jennifer Granholm described the country as amid a "building boom," touting to union pipefitters and plumbers on Wednesday how federal construction tax credits incentivize tapping into union contractors and apprenticeship programs.

Michigan's $10.33-an-hour minimum wage will increase from around $12.25 to $12.30 an hour and tipped workers will see their base wage go up from $3.93 an hour to around $5.90 an hour by Feb. 21, 2025, under a Supreme Court ruling on Wednesday.

The Michigan Strategic Fund board met Tuesday and approved incentives through private bonds, grants and loans worth nearly $277 million for 37 different projects to support businesses.

Warehouse operations could be exempted from certain property taxes if they choose to develop on old industrial sites, rehabilitating and re-purposing sometimes "long-abandoned" factories and plants, under bills approved by the Senate Tuesday.

Builders and contractors are looking for workers to keep up with the increased demand for building in Michigan.