Crain's Detroit Business

Crain's Detroit Business is part of Crain Communications, a major privately held business media organization that owns over 20 brands. Since its founding in 1985, Crain's Detroit Business has been dedicated to supporting readers in their business endeavors. Whether through our website or our weekly print publication, we provide essential news, insights, and information about the business landscape in Southeast Michigan, catering to leaders in both private and public sectors.

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Bill Ford and daughter Alexandra Ford English to speak at Mackinac Policy Conference

6 days ago | crainsdetroit.com | Kurt Nagl

Ford Motor Co. Executive Chair Bill Ford and his daughter Alexandra Ford English, a member of the automaker’s board, will talk industry challenges, community investment and retaining talent at the Mackinac Policy Conference next month.
I-696 will be fully closed in May for demo of Oak Park pedestrian bridge

6 days ago | crainsdetroit.com | Anna Fifelski

Interstate 696 will be fully closed in both directions for part of May as crews demolish a four-acre pedestrian bridge and park that covers the highway in Oak Park. The work is a part of the Michigan Department of Transportation's rebuild of an eight-mile-long stretch of I-696 in Oakland County. In March, the eastbound lanes fully closed from Orchard Lake Road to M-10 and won't reopen until fall 2026. Friday, MDOT announced more upcoming closures that will affect westbound lanes.
GM and Ford swap places atop the list of Michigan's largest publicly traded companies

1 week ago | crainsdetroit.com | Sonya Hill

Our latest lists spotlight the largest publicly traded companies in the Detroit area and across Michigan. Both lists reflect the continued dominance of the automotive industry. Eight of metro Detroit's top 10 companies are automotive-related, reinforcing the region’s central role in the industry. General Motors Co. led the list with $187.44 billion in 2024 revenue, a 9.1% increase that moved it ahead of Ford Motor Co., last year’s No. 1.
High school curriculum would dump Algebra II, require workforce development under new bill

1 week ago | crainsdetroit.com | David Eggert

LANSING — Michigan students would have to take a class in workforce development to graduate from high school under a bill that also would make other changes to curriculum requirements such as eliminating Algebra II. The legislation was passed 57-43 Thursday by the Republican-led House, along party lines, and sent to the Democratic-controlled Senate for future consideration along with three other education bills.
Ohio attorney general sues UWM, alleging 'predatory business practices'

1 week ago | crainsdetroit.com | Nick Manes

A new lawsuit filed by the Ohio attorney general accuses the nation’s largest mortgage lender of “predatory business practices” in the Buckeye State. In the lawsuit, filed Thursday in an Ohio court, Ohio Attorney General Dave Yost accused executives at Pontiac-based United Wholesale Mortgage of “conspiring with brokers to rip off Ohio consumers,” according to a news release announcing the lawsuit, which seeks a jury trial and damages.
$18M 'deeply affordable' apartment building opens near Corktown

1 week ago | crainsdetroit.com | Nick Manes

On Thursday, a new $18 million affordable apartment development west of the booming Corktown neighborhood formally opened its doors to residents. The 40-unit “deeply affordable” Campbell Street Apartments is in Detroit’s East Chadsey Condon neighborhood along Michigan Avenue, between Junction and Livernois avenues.
Two years after Rocket, Jay Farner is anything but retired

1 week ago | crainsdetroit.com | Anna Fifelski

Jay Farner, former executive and CEO at Detroit-based Rocket Companies Inc., is building out the next stage of his career as an investor. Farner is CEO of the investment firm Ronin Capital Partners, which he founded in 2022 and now has his full attention after his retirement from Rocket in 2023 at age 49. Farner, now 52, serves as the principal of the firm, which has five employees operating out of its Birmingham headquarters.
Two years after Rocket, Jay Farner is anything but retired

1 week ago | crainsdetroit.com | Anna Fifelski

Jay Farner, former executive and CEO at Detroit-based Rocket Companies Inc., is building out the next stage of his career as an investor. Farner is CEO of the investment firm Ronin Capital Partners, which he founded in 2022 and now has his full attention after his retirement from Rocket in 2023 at age 49. Farner, now 52, serves as the principal of the firm, which has five employees operating out of its Birmingham headquarters.
Michigan nonprofit hospitals fall $605M short in community investment, report finds

1 week ago | crainsdetroit.com | Mark Sanchez

Nonprofit hospitals across Michigan received far more in tax breaks than they spent annually in community support and charity care over a three-year period. That’s the findings of the Lown Institute, a Boston, Mass.-based health care think tank that annually calculates the difference between the economic value of nonprofit hospitals’ tax exemptions compared to what they provide in community benefits like financial assistance, subsidized health care and community health improvement services.
WCSX-FM to broadcast University of Michigan athletics

1 week ago | crainsdetroit.com | Jay Davis

University of Michigan athletics has a new radio home. Radio station 94.7 WCSX-FM is the new flagship radio broadcaster of the Wolverines. It’s a partnership between UM, Learfield’s Michigan Sports Properties and Beasley Media Group Detroit. The partnership between UM and WCSX-FM will start this fall with the 2025 UM football season. Play-by-play announcer Doug Karsch and color commentator and former UM football standout Jon Jansen will stay on to call UM football games for WCSX.