business

The federal 8(a) Business Development Program, designed to help disadvantaged small businesses access federal contracts, is facing significant rollbacks amid broader political attacks on diversity initiatives. While Black-owned businesses represent nearly a quarter of eligible firms, they receive only a small fraction of federal contract dollars, making 8(a) their primary entry point into government contracting. The Small Business Administration has dramatically reduced new admissions to the program in 2025 and suspended over 1,000 active participants, raising concerns that enforcement is being used as justification for elimination rather than improvement. Critics claim the program is vulnerable to abuse, but supporters argue that dismantling it would further consolidate contracts among established firms and harm small businesses that depend on federal work. The author contends that policymakers should focus on reforming and strengthening the program rather than abandoning one of the few tools available to expand economic opportunity for disadvantaged entrepreneurs.

Michigan's cannabis industry is facing severe economic pressure after a 24% wholesale tax took effect in January 2026, layered on top of existing consumer taxes totaling 16%. The tax was inserted into a road funding package last fall without operating as standalone marijuana legislation, and the industry argues it violates the voter-approved 2018 legalization framework. State Senator Jonathan Lindsey has introduced bipartisan legislation to repeal the wholesale tax amid mounting evidence of market contraction, including the first annual sales decline since recreational legalization began, with sales dropping from $3.27 billion in 2024 to $3.17 billion in 2025. The combination of market saturation, historically low prices, new competition from Ohio's legal market, and the additional tax burden has resulted in over 550 business closures in recent years and thousands of job losses, pushing operators toward what industry observers describe as a survival situation.

A Detroit couple, Emily Weiss and Gabrielle Durnen, discovered nearly four years after purchasing their home that the Detroit Land Bank Authority claimed interest in their property, threatening to take it away due to an undisclosed agreement from a decade-old mass land sale to developer John Hantz. The situation stems from a 2013 deal where Hantz acquired roughly 2,000 properties with obligations to rehabilitate or demolish them before selling, but these requirements weren't properly fulfilled before homes were resold to individual buyers through intermediary developers. After weeks of pressure and media inquiry, the land bank reversed course and agreed to release its claim on the couple's home, though the incident highlights systemic problems with how the agency makes special arrangements with large developers that create unequal treatment and legal vulnerabilities for ordinary homebuyers. Housing advocates argue the land bank's practice of offering preferential deals to developers while inadequately monitoring compliance creates due process issues and leaves unsuspecting residents vulnerable to losing their homes despite doing everything correctly during the purchase process.

Detroit has opened the Benjamin O. Davis Veterans Village, a $16 million affordable housing complex featuring 50 one-bedroom apartments on the city's east side. The development specifically serves homeless veterans and individuals with disabilities, with rent capped at 30 percent of residents' monthly income through housing vouchers. The facility provides supportive services including mental health counseling, substance abuse treatment, and employment assistance, along with communal amenities like a media room and dog park. This project addresses Detroit's growing homelessness crisis, which saw a 33 percent increase in chronically homeless individuals between 2024 and 2025. # Key Takeaways

The Dexter-Linwood neighborhood in Detroit recently celebrated the opening of Kandies Mini Mart, a new grocery section within an existing sandwich shop, marking the first location to launch under the relaunched Green Grocer Program after a seven-year pause. Owner Jacquisha Blackwell received a $25,000 grant from the Detroit Economic Growth Corporation to expand her business and provide walkable access to fresh produce, dairy, and essential items in a neighborhood previously classified as a food desert. The Green Grocer Program, which originally ran from 2010 to 2017 and generated over $50 million in investments across 40 businesses, was revived in 2024 through efforts by City Council President Pro Tempore Coleman A. Young II after securing additional funding. The initiative prioritizes small-format grocery concepts that bring healthy food options to underserved areas while the store also serves as an employment resource for Detroit youth through partnerships with local job training organizations.

The East Bay Permanent Real Estate Cooperative (EB PREC) is working to revive West Oakland's historic 7th Street Corridor by carefully restoring Esther's Orbit Room, a former jazz and blues club, as a cultural anchor for the neighborhood. The cooperative has raised $18.2 million through a combination of grants, low-interest loans, and investments from nearly 400 community members who accept modest returns in exchange for preserving neighborhood character and preventing displacement. This effort is part of a nationwide trend of historically Black commercial corridors attempting revivals through culturally authentic development, though these projects face challenges including skeptical lenders, decades of property neglect, and community members wary of past failures. EB PREC's approach emphasizes community control and cultural authenticity over investor profits, with leaders believing that careful attention to historical details and genuine representation of West Oakland's Black heritage will attract both local residents and broader tourism. Similar revival efforts are underway in Chicago's Austin neighborhood, Birmingham's Woodlawn district, Columbus's Long Street Corridor, and Pittsburgh's Hill District, all relying on local leadership and cultural preservation to drive economic development.

Michigan regulators have approved a $242.4 million electric rate increase for DTE Energy, which amounts to roughly half of what the utility originally requested and will raise residential bills by approximately 4.1 percent starting in early March. The approved increase will add about $4.93 monthly to customer bills and follows another substantial rate hike granted just two months earlier in January 2025. DTE claims the additional revenue is necessary to fund infrastructure projects including converting a coal plant to natural gas, building battery storage systems, and decommissioning old power facilities. Consumer advocates have criticized the commission for approving a return on equity rate that exceeds the national industry average, arguing it prioritizes shareholder profits over customer affordability and encourages the utility to focus on capital-intensive projects rather than reliability improvements like tree trimming. # Key Takeaways

Detroit will host the combined MDEX x XPONENTIAL 2026 event in May, bringing together the Michigan Defense Expo and the world's largest autonomy and uncrewed systems conference at Huntington Place. The unprecedented convergence is expected to attract over 11,000 attendees, including Department of Defense officials, defense contractors, robotics innovators, and manufacturers working across ground, air, and maritime technologies. Michigan's often-overlooked defense manufacturing ecosystem contributes approximately $30 billion annually to the state economy and supports more than 166,000 jobs, making it the nation's largest producer of defense ground vehicles. The event will provide direct access to federal procurement opportunities, particularly benefiting small and minority-owned businesses seeking defense contracts. This gathering positions Detroit as a national hub where automotive heritage, advanced manufacturing, artificial intelligence, and defense modernization intersect.

Southwest Detroit's Bagley-West Vernor corridor, recognized as the commercial center of Mexicantown, has received official designation as a historic district on the National Register of Historic Places. The designation resulted from a 2025 nomination by Detroit's Historic Designation Advisory Board, supported by a $50,000 federal Underrepresented Communities grant that funded research documenting Latin American contributions to the area over the past century. Local business owners, including families who have operated establishments for decades, view the recognition as both overdue validation and an economic opportunity that could attract more visitors. The designation makes the district eligible for federal preservation support, state grants, and tax credits for building rehabilitation while joining other notable Detroit sites like Eastern Market and Boston-Edison on the national register. # Key Takeaways

The Anderson Economic Group has calculated that delaying the Gordie Howe International Bridge opening would cost approximately $7 million weekly, with the Windsor-Detroit Bridge Authority losing $5 million and taxpayers bearing $2 million in customs plaza expenses. President Trump has threatened to block the bridge's opening—despite Canada funding all upfront construction costs—unless Canada meets unspecified demands related to trade negotiations, tariffs, and other grievances. The bridge, connecting Detroit to Windsor and under construction since 2018, represents a critical trade link given the integrated nature of US-Canada manufacturing, particularly in the automotive sector. Trump's threat has generated pushback from Michigan Democrats and some Republicans, though certain GOP leaders view it as appropriate negotiating leverage, while business leaders warn of severe economic consequences for both nations.

A University of Florida researcher studied the economic impact of Detroit's Little Caesars Arena, which opened in 2017 with $863 million in construction costs including $324 million in public funds. The analysis examined lodging industry data from 2015 to 2022, comparing Detroit's short-term rental and hotel performance with Grand Rapids, Michigan, which has no major sports venues. The research found that sporting events at the arena had minimal positive impact on lodging demand, though major concerts significantly boosted short-term rental occupancy within one mile of the venue. Despite Detroit's overall economic growth and population increase after 60 years of decline, the study suggests the arena's effect on the hospitality sector was limited and comparable to cities without such facilities. # Key Takeaways

The Wayne County Airport Authority is hosting a major outreach event on February 23rd in Novi to connect contractors and business owners with approximately $750 million worth of construction and concession opportunities at Detroit Metropolitan Wayne County Airport and Willow Run Airport over the next two years. The day-long event features separate morning and afternoon sessions covering construction projects and concession programs, along with detailed procurement guidance including bidding and contract management procedures. The initiative particularly emphasizes opportunities for Black-owned and disadvantaged businesses through DBE and ACDBE certification programs, which have previously helped Michigan companies like Rowe Trucking and Value Engineering expand significantly through public contracts. Registration for the event remains open until February 19th, with organizers positioning it as a transformational opportunity for businesses to access one of the region's largest infrastructure markets.

President Trump has threatened to block the scheduled 2026 opening of the Gordie Howe International Bridge connecting Detroit and Windsor, demanding unspecified concessions from Canada related to trade disputes involving dairy tariffs, liquor boycotts, and China trade talks. The White House claims Trump can amend the bridge's presidential permit and objects to Canada's control over crossings and land ownership on both sides, despite the project being a joint 50-50 ownership between Canada and Michigan. Former Michigan Governor Rick Snyder and several Democrats have challenged Trump's characterization of the deal as unfair, noting that Canada financed the entire bridge while Michigan received half-ownership without investment. The dispute represents another escalation in deteriorating U.S.-Canada relations, though Canadian Prime Minister Mark Carney expressed confidence following a conversation with Trump that the issue would be resolved.

The article argues that supporting Black-owned businesses in Detroit should be a year-round economic strategy rather than just a cultural gesture during Black History Month. The author emphasizes that Detroit's approximately 50,000 small businesses, many of which are Black-owned, serve as crucial job creators and community anchors that strengthen the local economy through the multiplier effect of keeping dollars circulating locally. Black entrepreneurs historically face significant barriers including limited access to capital and financial networks, making intentional support through purchasing, supplier diversity programs, and contracting opportunities essential for leveling the entrepreneurial playing field. The piece contends that when Black businesses succeed through increased access to opportunities and resources, the entire Detroit region benefits economically through expanded innovation, job creation, and community development.

Jacqueline Owens, who grew up relying on public transportation and rose from bus operator to Interim VP of Bus Operations at SMART over 27 years, emphasizes the critical importance of investing in transit operators. She explains that operators must balance multiple demanding responsibilities beyond driving, including enforcing policies, ensuring passenger safety, maintaining schedules, and providing compassionate customer service to hundreds of daily riders. SMART supports its operators through an eight-week rigorous training program, the Care Program offering anonymous mental health resources, clear safety-first protocols, and advancement opportunities that help retain experienced professionals. This organizational investment in operator well-being and development directly translates to better service quality for riders across Macomb, Wayne, and Oakland counties.

The Detroit Policy Conference, themed "a new leadership era," took place at a new downtown location and featured discussions with prominent regional leaders about Michigan's economic development. Key conversations included Bedrock CEO Jared Fleisher discussing the company's real estate expansion projects, tech entrepreneur André Gudger explaining his decision to move his Maryland technology firm Eccalon to Detroit with plans for significant job creation, and Detroit Employment Solutions Corporation's Dana Williams addressing artificial intelligence's implications for the workforce. Additionally, philanthropic leader Sarida Scott from The Skillman Foundation spoke about the important contribution charitable organizations make to the region's progress.

Detroit has launched the second application round for its municipal Detroit Startup Fund, which provides non-dilutive grants totaling $300,000 to 13 technology startups without requiring founders to surrender company equity. The program, backed by Detroit's general fund through a city-DEGC partnership, offers seed grants of $15,000 and scale grants of $50,000 to companies less than 10 years old with majority operations in Detroit. This initiative addresses the severe funding gap affecting entrepreneurs, particularly Black founders who received only 0.4% of all venture funding in 2024, by providing capital for essential business expenses like payroll, legal fees, and product development. The first round distributed $300,000 to 13 recipients in September 2025 after receiving 150 applications, demonstrating significant demand for this type of founder-friendly support.

Apex Digital Solutions, a Microsoft Solutions Partner focused on AI and security solutions, is moving its headquarters to Detroit's Jefferson Hub in the Midtown area and creating an Experience Center by mid-2026. The new facility will showcase Microsoft workplace technologies through hands-on demonstrations and educational workshops for various business stakeholders. This relocation represents the company's dedication to contributing to Detroit's technology sector and local job creation. The Detroit Economic Growth Corporation views this move as reinforcing the city's status as an innovation hub and attracting companies invested in workforce development. The Jefferson Hub location will enable Apex Digital to better support hybrid work innovation while strengthening Detroit's expanding tech ecosystem.

Charity Dean, President and CEO of the Michigan Black Business Alliance, argues that Black business owners face systemic exclusion from economic opportunities despite political rhetoric about prosperity from both parties. She emphasizes that without meaningful representation and participation in decision-making processes, Black-owned businesses remain vulnerable and disadvantaged. The article uses the metaphor of being "at the table" versus "on the menu" to illustrate how Black entrepreneurs are often subject to policies rather than helping shape them. Dean calls attention to the gap between political promises of economic prosperity and the actual lack of sustainable pathways available to Black business communities. # Key Takeaways

For the first time since at least 1990, Michigan experienced a net gain in domestic migration, with approximately 1,800 more people moving in from other states than moving out in the year ending July 2025. The state's overall population grew by nearly 28,000 residents, or 0.3%, reaching roughly 10.1 million people, though this growth was driven primarily by international migration rather than interstate moves. The positive domestic migration trend appears to result more from fewer people leaving Michigan than from increased arrivals, reflecting broader declining mobility patterns across the Midwest. However, the state continues to face challenges including natural population decline with 5,000 more deaths than births, and experts anticipate reduced international immigration due to the Trump administration's stricter immigration policies. # Key Takeaways

Dr. Anthony O. Kellum argues that the Trump administration's policies since January 2025 represent a systematic dismantling of systems that have supported Black Americans' economic advancement over six decades. By eliminating diversity, equity, and inclusion (DEI) programs across federal agencies, educational institutions, and corporate contractors, these policies directly threaten Black access to education, employment, and homeownership. Kellum contends that removing equity protections will constrict the pathways that lead to stable employment and mortgage eligibility, ultimately widening both the Black housing gap and wealth gap. He emphasizes that this regression is deliberate rather than accidental, and calls for Black communities to maintain political engagement while building alternative support systems and community-driven capital sources. # Key Takeaways

The DTE Foundation has announced a $300,000 commitment to combat increasing food insecurity throughout Michigan by supporting six established partner organizations that distribute meals to families in need. This donation represents part of a larger initiative, bringing the Foundation's total hunger-relief investment this year to over $1 million across 39 organizations operating statewide. Foundation leaders and partner organizations emphasized that addressing hunger strengthens entire communities, not just individual recipients. The funding will help these organizations expand their meal distribution capabilities and maintain services during a period of heightened need across the state. # Key Takeaways

Dr. Anthony O. Kellum argues that property ownership serves as a fundamental cornerstone for Black American advancement through three interconnected elements: power, protection, and progress. He contends that owning property transforms families from vulnerable renters into stakeholders with control over their environment, shielding them from displacement and economic instability that has historically plagued Black communities. The article emphasizes that homeownership represents the primary vehicle for building generational wealth and closing the racial wealth gap, while also strengthening political influence through increased civic engagement. Kellum frames property ownership not as a luxury but as an essential tool for economic liberation, arguing it enables Black families to shift from survival mode to building lasting legacies that benefit future generations.

Black men represent only 4.6% of U.S. college students, with enrollment at historically Black colleges and universities declining roughly 25% since 2010, creating what the author describes as an educational and economic crisis. The low college completion rate—only 40% of Black men finish their bachelor's degrees within six years—leaves many with student debt but no credential, resulting in approximately one million dollars less in lifetime earnings compared to degree holders. This educational gap creates a ripple effect that weakens Black wealth accumulation, homeownership, entrepreneurship, and community leadership across generations. While the author acknowledges multiple barriers including financial pressures, lack of campus belonging, inadequate academic preparation, and mental health challenges, he emphasizes that some form of education or specialized training—whether college degrees, trade certifications, or technical skills—is mandatory for economic survival and wealth building. The article also outlines ten types of financial struggles ("kinds of broke") and provides strategies for achieving financial stability and breaking generational poverty cycles. # Key Takeaways

Wayne State University's Mike Ilitch School of Business and its Division of Entrepreneurship and Economic Development have received a $500,000 two-year grant from JPMorganChase to enhance student programming and community engagement. The investment will strengthen entrepreneurship and innovation initiatives while significantly expanding the Multicultural Professional Readiness Education Program, which aims to increase its capacity by over 140 percent by fall 2027. The funding will enable both programs to add staff members, broaden their service offerings, and forge deeper connections with Detroit-area communities. Additionally, the commitment will facilitate partnerships with numerous small businesses and provide approximately 50 students with practical, hands-on learning experiences that complement their academic studies.

Dr. Anthony O. Kellum's Thanksgiving message urges Black Americans to pursue homeownership as a critical tool for building generational wealth and closing the racial wealth gap. He argues that despite historical barriers like redlining and discriminatory lending practices, property ownership remains the most powerful avenue for economic empowerment and stability. The article emphasizes that waiting for perfect market conditions is a mistake, as numerous resources including grants and down payment assistance programs are currently available but underutilized. Kellum frames homeownership not merely as a financial transaction but as a strategic act of claiming opportunity, honoring ancestral sacrifices, and transforming community outcomes for future generations.

The Property is Power initiative has launched two separate homeownership programs specifically designed to address historical barriers that have prevented Black families from buying homes. The first program eliminates down payment requirements entirely, accepting credit scores as low as 580 and imposing no income limits, allowing qualified families to purchase homes without upfront cash. The second is a lease-to-own pathway where a government entity purchases the home and families lease it for 12 months while building credit before assuming the mortgage. Together, these programs aim to close the racial homeownership gap by providing flexible, accessible pathways that acknowledge the systemic discrimination Black families have faced through redlining, discriminatory lending, and limited financial opportunities. # Key Takeaways

Financial coach Damon Carr argues that being broke isn't simply about lacking money, but rather encompasses ten distinct financial situations that require different solutions. These range from overspending despite adequate income and earning too little to cover basic needs, to emotional spending patterns and generational cycles of poor money management. Each type of "broke" stems from losing control over different aspects of personal finance, whether that's controlling spending habits, income generation, or beliefs about money. The article emphasizes that breaking free from financial struggle requires awareness, discipline, and consistent action tailored to each person's specific situation, with the ultimate goal of building wealth rather than merely appearing wealthy. # Key Takeaways

The article examines how homes in predominantly Black neighborhoods are systematically undervalued compared to similar properties in white neighborhoods, with an average disparity of $48,000 per home resulting in over $156 billion in cumulative losses nationwide. This devaluation stems from historical redlining policies during the New Deal era that designated Black neighborhoods as "hazardous," creating biased valuation frameworks that persist today through comparable sales methods that embed racial prejudice. The undervaluation perpetuates the racial wealth gap by limiting Black homeowners' ability to refinance, invest in improvements, or build intergenerational wealth, while also causing psychological harm by signaling that Black communities are worth less. The author proposes solutions including reforming appraisal processes through oversight and audits, increasing Black representation among appraisers, implementing community reinvestment policies, and educating homeowners about their rights to challenge unfair appraisals. # Key Takeaways

Detroit's bus drivers will receive a $6 per hour wage increase under a newly ratified contract between the city and Transit Union Local 26, approved by 98% of voting members. The agreement raises starting wages from $19.56 to $25.38 and maximum pay from $26.18 to $32.18, bringing Detroit Department of Transportation compensation closer to neighboring transit systems that have historically paid more. City officials believe the substantial raise will help retain experienced drivers and attract new operators, addressing chronic staffing shortages that have plagued the transit system with service delays and missed routes. The contract includes performance bonuses for attendance and safety, annual cost-of-living adjustments, and will be funded partly through new state transportation revenue and savings from reduced driver turnover. # Key Takeaways