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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UM, other universities win order voiding federal agency’s 15% research cost cap

5 days ago | crainsdetroit.com | Daniel Seiden |Andrew Harris

The University of Michigan, Brown and Cornell universities, the Massachusetts Institute of Technology and several other U.S. schools won a federal court order striking down a National Science Foundation cap on indirect cost rates for government-funded research.
Autonomous trucks company plots big expansion, 500 jobs in Ann Arbor

1 week ago | crainsdetroit.com | Kurt Nagl

Torc Robotics Inc., a Daimler Truck-backed autonomous vehicle company, is planning to expand in Ann Arbor Township with a $5.5 million investment and 500 jobs. The self-driving trucks company aims to tap University of Michigan talent and the region’s automotive expertise for an engineering hub with the help of a $3 million performance-based grant from the Michigan Economic Development Corp., Crain’s confirmed.
Startups chosen for final round of Toyota competition at Eastern Market

1 week ago | crainsdetroit.com | Anna Fifelski

Four startups were selected by judges as finalists in a prestigious competition to provide solutions to improve freight movement in Detroit's Eastern Market, the city announced Friday. The four finalists were selected from a group of 10 participants announced in November 2024 as part of the Toyota Mobility Foundation's Sustainable Cities Challenge, and will each receive $130,000 in implementation funding to pilot their solutions in real-world conditions.
Tariff woes drive CFO pessimism to record highs, survey finds

1 week ago | crainsdetroit.com | Mark Weinraub

Nearly half of chief financial officers have a pessimistic view of the U.S. economy as President Donald Trump’s trade war causes them to re-evaluate plans for their operations. A quarterly survey from Chicago-based professional services firm Grant Thornton showed 46% of CFOs were pessimistic about prospects for the economy over the next six months, the highest percentage since the company began asking the question four years ago.
HVAC companies the latest target for private equity firms

1 week ago | crainsdetroit.com | Anna Fifelski

It's hard to tell what keeps heating, ventilation, and air conditioning companies busier — the start of summer, or calls from private equity firms looking to buy their business. "Anecdotally, I'm thinking of a particular client that has a smaller HVAC business in Western Michigan, and in the last couple years, they've received, I don't know, 100 inquiries," said Mike Bell, partner and chair of the financial institutions practice group at Detroit-based law firm Honigman LLP.
Nessel, environmental groups challenge Trump order to keep coal power plant open

1 week ago | crainsdetroit.com | David Eggert

LANSING — State Attorney General Dana Nessel and 10 environmental groups filed separate challenges to the Trump administration's May order that a Michigan coal-fired power plant stay open rather than be shut down on May 31. In her Wednesday rehearing request to the U.S. Energy Department, Nessel said the order for Consumers Energy Co. to keep operating the J. H. Campbell facility in Ottawa County's Port Sheldon Township was an unlawful abuse of the department's emergency authority.
Family values fuel Weingartz's 80-year growth as fourth generation steps into leadership

1 week ago | crainsdetroit.com | Jay Davis

Family-owned outdoor power equipment company Weingartz has thrived through three generations of ownership and is in good shape to continue to succeed with the next. A fourth generation of leadership is in place that includes five members of the Weingartz family, most of whom run the day-to-day operations of the Utica-based company. Some work directly with Weingartz.
Longtime Detroit Regional Chamber lobbyist leaving for new job

1 week ago | crainsdetroit.com | David Eggert

LANSING — Longtime Detroit Regional Chamber lobbyist Brad Williams is leaving the business group to join Clark Hill Public Strategies, the government affairs affiliate of the Detroit-based Clark Hill law firm. Williams is the chamber's vice president of political affairs and has worked at the organization for 17 years. His last day will be Friday.
AG's office serves search warrant on MEDC's office, private residence

1 week ago | crainsdetroit.com | David Eggert

LANSING — State investigators executed search warrants Wednesday at the Michigan Economic Development Corp.'s headquarters and a Farmington Hills residence. Attorney General Dana Nessel's office would not confirm the target of the investigation. "At this time, we are not able to provide any further information," said spokesperson Danny Wimmer, who confirmed the warrants, which were first reported by The Detroit News. The MEDC disputed the necessity of the move.
Brew Detroit owner invests in Blake's in move to own 'beyond beer' market

1 week ago | crainsdetroit.com | Jay Davis

Two metro Detroit-based beverage companies have entered into a new partnership that they believe will speed up their growth and accelerate a quickly growing drinks category. Livonia-based Benchmark Beverage Co. has taken a minority stake in Armada-based Blake’s Beverage Co. as part of the partnership to boost their stake in the beyond-beer category, which includes hard seltzers, hard cider and ready-to-drink cocktails.