Last year, everyone in the auto industry was chuffed about Detroit’s comeback.
American Landscape, by Sheeler
The carmakers were enjoying a healthy rebound from the bankruptcies at General Motors and Chrysler. And for a while, at least, Chrysler outsold Toyota to make the Detroit Three the Big Three again.
But this year, Detroit’s market share has been slipping, and that has ramifications all across the Midwest.
In fact, the auto companies have fallen back to the market share level they held in 2009, as GM and Chrysler were struggling. In a piece for Forbes.com, I look at what happened to the Detroit companies during the first quarter.
Basically, there are three issues: Continue reading
It’s tax time, and today is the last day before the filing deadline. If you spent your weekend filling out your tax forms, you have come face-to-face with your 2011 finances. Now is a time for reflection and reckoning – it’s also a time for planning. What will this year look like for you?
Credit: Flikr user 401k
Over the next two weeks, Changing Gears will be sharing stories about how people are planning ahead in a tough economy, and how their expectations have changed in light of the recession.
You can read some of the stories about changing expectations on our tumblr page: http://chgears.tumblr.com.
You can also tell us about your own experiences. How are you planning for what comes next? Are you coming up on a milestone like retirement, marriage, or a new career? How have your plans changed since the start of the recession? Follow this link to share your story.
The Pew Center on the States checked all 50 states to find out which ones are evaluating their tax incentive programs. Credit: Pew Center on the States.
Tax incentives have become the weapon of choice among states battling for new business investments. Niala Boodhoo reported in December that offering incentives has become a sort of strategy game for Midwest states hoping to one-up each other as everyone fights to grow jobs. But, as Niala reported, these are games with millions of dollars in tax breaks and thousands of jobs on the line.
Now, the Pew Center on the States is taking a look at incentives from a different angle. The Pew Center tried to figure out whether anyone is actually checking to see whether the incentives are worth it.
Turns out, a lot of states do very little follow-up once they approve incentives programs.
Changing Gears is collecting stories about how people are planning ahead in a tough economy, and we’d like your help. What’s on your mind as you plan for what comes next?
Tax forms shelved at a US Post Office. Credit: stevendepolo / Flikr
You can follow this link to share your thoughts.
We want to hear from you – whether you’re planning for retirement, saving for a home, sending kids to college, or just starting a career. If you’re retired, have you had to make some adjustments?
Are things different from what you expected? Tell us what kinds of choices you’re making.
Say Akron, Ohio, and the first thought that still comes to mind for a lot of people is “tires.” But the latest news in the tire making world comes from South Carolina.
Michelin, the French tire maker, will launch construction next week in Anderson County, S.C., on its first new North American tire plant in 15 years, according to the Wall Street Journal.
The plant will make those heavy duty tires used on mining and road building equipment.
Michelin also is expanding a nearby plant in Lexington, S.C., which produces tires for earthmoving equipment.
That’s not all. Two other tire makers — Bridgestone and Continental — also have announced new ventures in South Carolina. All the projects could end up helping Midwest companies. How? Continue reading
Jennifer Knightstep was a researcher in the media archives at General Motors until she was laid off in 2008. Her first reaction was fear.
“I panicked for a few minutes, and then I tried to think of what I wanted to do next,” she says. “There’s not a big demand for archivists in Metro Detroit or anywhere else for that matter.”
So instead of trying to get a similar job, Knightstep decided to go in a new direction.
“I thought maybe I should start trying to do what I really wanted to do, which was be a writer.”
When she filed for unemployment, she learned about No Worker Left Behind, a program in Michigan that offered up to $10,000 in tuition for degrees in emerging industries. NWLB was scaled back in 2010 following federal funding cuts.
When most people think about growing fields, freelance writing is not the first job that comes to mind, but Knightstep made it work.
JoAnne Jachyra learned about the Trade Adjustment Assistance (TAA) program when she was laid off from her IT management job in 2009. TAA is a federal program that funds retraining for workers who lose their jobs to international competition.
Jachyra qualified for the funds and used them to go back to school, something she’s always wanted to do. “Ever since I graduated from Michigan State with a degree in astrophysics I had entertained the idea of becoming a teacher,” says Jachyra. “I had to do a process and say ‘OK well here’s what I want to do, here’s how long it’ll take, here’s how much it’ll cost.’ And part of that is they have a list and they say ‘these are the growing professions that you can get trained in because we feel that you will be able to find a job when you are done with that.’” Teaching was on that list.
Jachyra spent a year in an accelerated degree program – the cost was about $3,000 – that was paid for by the TAA. “It didn’t cost me anything other than time and a lot of effort,” says Jachyra.She got her certification to teach high school and middle school math and physics, but finding a job proved more difficult than she had expected. “I seriously thought being certified as a physics and math teacher I should be able to walk into any school in metro Detroit and have a job,” she says. Continue reading
Reshoring – that’s a term meaning returning jobs to the U.S. that once were shipped overseas. It’s an apparently growing trend in Northeast Ohio. Hundreds of manufacturing jobs once located in China have been relocated to greater Cleveland because of rising employment costs in China and greater efficiencies at home. Mr. Feagler discusses reshoring with Daniel E. Berry, president and CEO and Bob Schmidt, Senior Business Consultant, both of MAGNET, the Manufacturing Advocacy and Growth Network.
An offshore wind farm in Denmark. Could this be the view in the Great Lakes soon? Credit: Scandia Wind
This morning, the White House Council on Environmental Quality announced that it’s reached an agreement that will speed up the permitting process for offshore wind energy in the Great Lakes. The agreement comes in the form of a memorandum of understanding with five of the eight states that border the Great Lakes.
On a conference call this morning, officials said the total potential for wind energy in the Great Lakes is about equal to building 700 nuclear power plants. They said wind on the Great Lakes could power millions of homes.
The MOU includes nine federal agencies, and the states of Minnesota, Illinois, Michigan, New York and Pennsylvania. Not included are Indiana, Ohio and Wisconsin, though they can sign on later.
But what’s actually in the memorandum of understanding? Very little, but what’s there could still make a difference.