Tune in Today at 3 p.m. ET/2p.m CT, Changing Gears is hosting a live call in show on “Hidden Assets” of the Midwest economy. Michigan governor Rick Snyder will be joining us for the show, and we’ll have a live chat here at changinggears.info.
Rahm in charge Chicago Mayor Rahm Emanuel won approval from City Council yesterday to move ahead with his $7.2 billion infrastructure plan. The vote wasn’t even close, which prompted the Chicago Tribune to say the mayor is “firmly in control.”
Mo’ money, mo’ physics Officials at Michigan State University are getting some good news. The state’s Senate delegation says MSU’s planned Facility for Rare Isotope Beams will get an extra $8 million in federal funds. The facility is expected to be a leader in the study of particle physics. The extra $8 million still puts the facility $25 million below what MSU leaders had hoped for from the government.
Real steel The New York Times reports on $1.5 billion worth of investment in Ohio’s steel industry. After a painful recession, the Times says Ohio’s still industry is bouncing back, thanks to the state’s booming natural gas market and increased demand for new vehicles.
Not tracking incentives Few states are doing a good job tracking their business tax incentives. That’s according to a new report from the Pew Center on the States. The AP has a writeup. Among Midwest states, Pew says Wisconsin, Minnesota, Iowa and Missouri are “leading the way.” Michigan and Ohio have “mixed results.” And Illinois and Indiana “trail behind.” The full report is here.
Revved up for RVs PBS Newshour reports on the rebounding RV industry in Indiana. The town of Elkhart was struggling just a few years ago because of a downturn in RV sales. Elkhart turned to electric vehicle maker Think to help boost jobs. Now, Think is in bankruptcy, and the RV companies are hiring again.
Now, on to the budget Detroit mayor Dave Bing will present his budget plan to city council this morning. It will be the last budget proposal from the mayor before a new financial advisory team takes over the city’s finances.
In full bloom A report from Michigan State University says the state’s agricultural sector grew dramatically during the recession. Partner station Michigan Radio has the details of the report, which claims agriculture now contributes $91.4 billion to the state economy.
Foreclosures New foreclosure numbers are out from RealtyTrac. The Midwest still has 7 states in the top 20 for highest foreclosure rate.