Great Lakes Wire

The Small Business Briefing presented by Brian Calley and Sarah Miller on March 31, 2025, addressed several significant issues for small businesses in Michigan. The briefing, organized by the Small Business Association of Michigan, discussed changes in unemployment benefits, a rise in Michigan’s unemployment rate, new automotive tariffs, and their implications for local manufacturing.

The briefing shared that unemployment benefits have increased both in weekly amounts and duration, with retroactive changes effective from the beginning of the year. Topics included the troubling rise in Michigan's unemployment rate, which is now at 5.4%, marking the highest increase among all 50 states.

The briefing also discussed the introduction of new tariffs on vehicles and parts. These tariffs are anticipated to affect production costs and might lead to higher prices. Trade policy discussions included support from UAW President Sean Fain, who endorses Trump's protectionist trade strategies as a measure to enhance domestic manufacturing jobs.

The Michigan Retailers Index experienced a significant decline in February. This drop reflects a decrease in consumer sentiment, a concern for the retail industry in the state. The briefing also highlighted the Michigan Celebrate Small Business event scheduled for April 21-22, which will feature a summit, trade show, and awards gala.