MerchantMaverick.com, the business product comparison site for small business owners, determined that the top three states on the list are Nebraska, North Dakota, and Minnesota. No Upper Midwest state ranked lower than Michigan, at number 17. While these states are different in many ways, they all share low unemployment, and governments with prudent tax and spending habits. Many even experienced positive GDP growth during the Great Recession, while other states had stagnant or shrinking GDP.
The Midwestern port city of Toledo, Ohio, located on the western shore of Lake Erie is becoming a full-circle destination where early- and mid-career professionals who started out in the area are choosing to return to build their lives.
INDIANAPOLIS–(BUSINESS WIRE)–Anthem, Inc. (NYSE: ANTM) today announced its intent to change its name to better reflect the company’s business and its bold purpose of improving the health of humanity. Anthem intends to become Elevance Health, Inc., subject to shareholder approval. The new name underscores the company’s commitment to elevating whole health and advancing health beyond healthcare.
“You can’t go home again.” Immortalized by Thomas Wolfe’s novel of the same name, the saying evokes stories of young adults leaving behind the familiarity of their hometown to make their mark on the world. Sometimes the journey leads to large metropolises far and wide. For others, the path brings them back to where their story began. In the case of these early- and mid-career professionals, that place is Toledo, Ohio, a Midwestern port city located on the western shore of Lake Erie.
Prices in the Midwest Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.8 percent in January, the U.S. Bureau of Labor Statistics reported today. Increases in the indexes for food at home, new and used motor vehicles, household furnishings and operations, and apparel were the largest contributors to the all items increase. The energy index rose 0.1 percent in January as increases in the indexes for electricity and gasoline more than offset a decline in the natural gas service index.
Intel today announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Ohio.
This time of year businesses experience snow closures to highway systems, however M&A deals melt ice as several Minnesota and Wisconsin sectors are seeing high-levels of investment, merger, and consolidation to start the new year. Technology and Health care expansion by location seem to be the hot buttons for M&A firms to pursue to provide a lucrative return-on-investment for their shareholders.
The Bureau of Labor Statistics released monthly inflation data Wednesday. All items rose .3% in December bringing the total Midwest inflation in 2021 to 7.5%. Midwest food costs purchased from grocery stores, dining/delivery establishments, increased .6% in December bringing the 2021 food costs to 7.5%.
In an effort to attract talent, companies based in the West and Northeast, U.S. outspend Midwest employers on labor benefits. This is according to the Bureau of Labor Statistics (BLS) who reported that Midwest companies spend almost 20% less on employee benefits than their counterparts in the Northeast and Western, U.S.
Tapering refers to the Federal Reserve policy of unwinding the massive purchases of Treasury bonds and mortgage-backed securities it’s been making to shore up the economy during the pandemic.
The federal government is pouring billions of dollars into expanding broadband internet access. But it’s at the state level where the financial rubber meets the fiber-optic road. History suggests some states are ahead of the game while others will have to play catch-up.
CHICAGO – The Midwest, U.S. consumer price index set by the Bureau of Labor Statistics reached an all time high in October raising 0.8% from September and 6.6% from a year ago. Challenged supply chains and corporations attempting to recoup capital losses from the pandemic have been the drivers contributing to the recent inflation.