Business and Economy

  1. Overhead shot of UMCI construction site in Detroit, with snow, and large orange crane. Land was purchased from MGM Grand Detroit.

    U-M closes on purchase of nearly 2.3 acres in Detroit

    In December 2024, U-M closed on a $9.5 million purchase of land at 2201 W. Grand River Ave. from MGM Grand Detroit that is expected to support the future needs of the U-M Center for Innovation. Part of the nearly 2.3-acre parcel, strategically located across the street from the UMCI, will be used for a parking structure.

  2. Janie Deegan and her bakery staff stand together in front of the shop, dressed in aprons with a Janie's sign next to them.

    Baker’s choice: Controlled substance or ‘controlled science’?

    Entrepreneur Janie Deegan, BFA ’09, struggled with addiction and homelessness until she combined her love of baking with a degree in theater to create Janie Bakes. Since 2015, this culinary artist has been serving up “life-changing baked goods” and plenty of inspiration in her three New York locations.

  3. Michigan’s local leaders overwhelmingly support adding rooftop solar infrastructure in their communities, while a majority strongly oppose developing nuclear power. According to the Michigan Public Policy Survey, 86% of local government leader respondents either strongly or somewhat support adding rooftop solar panels. This image shows an overhead view of buildings with solar panels on the roofs.

    Most local officials support rooftop solar, a majority opposes nuclear power

    Michigan’s local leaders overwhelmingly support adding rooftop solar infrastructure in their communities, while a majority strongly oppose developing nuclear power. According to the Michigan Public Policy Survey, 86% of local government leader respondents either strongly or somewhat support adding rooftop solar panels.

  4. Rendering of new UMCI in Detroit. Lots of glass. Oddly shaped.

    UMCI design approved, construction ramps up

    U- M’s Board of Regents recently approved the schematic design for the University of Michigan Center for Innovation in Detroit, a six-story building expected to open in spring 2027. The lower floors of the building will host public-facing programs while the upper floors will be dedicated mostly to graduate programs.

  5. Out of the woods and into the ethos: Unique business course still resonates

    One year on, Michigan Ross students assess the impact of an inaugural management course that took them to the wooded, lakefront campus of U-M’s Biological Station. The goal? To align their highest character ideals with the realities of a business career. So, how’s it going?

  6. The logo for the Ross School podcast "Business and Society" is delivered in yellow and white text against a blue background inside a thought bubble.

    Episode 202: The labor movement

    In this podcast, Michigan Ross professors Jerry Davis and Cindy Schipani discuss the state of labor from an economic, industry, and organizational development perspective. They explore the factors of modern labor, recent striking action, CEO pay, and more.

  7. Scale between money and time

    U-M economic forecast: Modest growth expected, soft landing likely as inflation eases, but no guarantees

    U-M experts say the U.S. economy should avoid a recession over the next two years, though economic growth will be modest as many consumers deal with high interest rates and dwindling savings.

  8. Detroit skyline as seen from Canada shows river, bridge, Ren Cen and other iconic structures.

    U-M will break ground on Detroit-based Center for Innovation by year’s end

    In October 2023, the University’s Board of Regents approved agreements related to land donation and purchases, and a $100M gift from top donor Stephen M. Ross to build the U-M Center for Innovation at Grand River Ave and West Columbia Street in Detroit.

  9. View of the top of the Michigan Central Train Station in Detroit.

    Michigan Central Station set to open in 2024 with U-M grad turning the key

    Michigan Central CEO Joshua Sirefman, MUP ’96, is confident this 30-acre mobility district will become a global hub for innovation. The historic but long-abandoned Michigan Central Station is an icon in Detroit’s Corktown neighborhood.

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