Great Lakes Wire

Brian Calley, CEO of the Small Business Association of Michigan, and Sarah Miller, Vice President of Operations, recently discussed several key issues affecting businesses. Among the topics were trade agreements with Great Britain and China, fiscal policy by the Federal Reserve, a new tax proposal in Congress, and various state-level initiatives.

Calley and Miller highlighted recent trade deals that include tariff reductions with both Great Britain and China. They noted that these changes could impact small businesses engaged in international trade.

The Federal Reserve's current approach to fiscal policy was described as "wait and see," indicating a cautious stance amidst economic uncertainties.

A proposed tax bill in Congress aims to extend Trump-era tax cuts while introducing a new top tax rate. This development could have significant implications for small business owners depending on their income levels.

The Brandon Road project was also discussed. This initiative seeks to prevent Asian carp from entering the Great Lakes, an environmental concern that could affect local industries reliant on these waters.

Unemployment claims in Michigan have seen a recent spike. Calley and Miller addressed this issue as part of broader economic challenges facing the state.

Progress in criminal justice reform within Michigan was acknowledged, particularly efforts to reduce the prison population and recidivism rates.

Ford's decision to adjust prices due to tariffs was mentioned as another factor influencing the business environment.

Lastly, proposed changes to independent contractor rules in Michigan’s state Senate were covered. These changes may affect how small businesses engage with contractors across various sectors.