Business

Business Leaders For Michigan

A survey of Michigan business owners shows optimism about the state and national economies. The forecast by the Business Leaders for Michigan says almost half of the state’s largest employers plan to boost hiring this year.

An economic study says the May ballot proposal to raise the state sales tax could also collectively cost Michigan taxpayers $100 million more in federal income taxes.

        

The ballot proposal would raise the state sales tax by a penny on the dollar.

Michigan State Legislature

       Michigan cities are getting behind legislation to create local stock exchanges allowing residents to invest in smaller businesses.

Former Elbow Room Building Gets New Life

Dec 9, 2013

The former site of Ypsilanti's Elbow Room bar is being put back to use, with a Mexican restaurant moving into the South Washington Street building. 

City Planner Teressa Gillotti explains that the building has been empty since the bar closed in 2011, adding that having a strong entertainment district would play a critical role in redeveloping Ypsilanti.

The restaurant's expected to open next spring following renovations.

Ann Arbor City Council has now postponed action until their second meeting in October on proposed ordinance amendments to limit the amount of tax increment financing the Downtown Development Authority can collect.  

WEMU's Andrew Cluley has more.