Investment totaling $7.1 million to bring 266 new jobs to Ann Arbor area
Two companies will soon bring 266 new jobs to the Ann Arbor area. ANN ARBOR – Two major projects will bring well-paying jobs and new investments to the Ann Arbor area, the Michigan Economic Development Corporation announced on Tuesday. Homepoint, a national mortgage lender, will also be expanding in Ann Arbor with plans to add 155 area jobs. Homepoint is looking to create 155 new jobs and generate an additional private investment of $3.7 million by adding an operations center in Ann Arbor. Ann Arbor SPARK is supporting the company with resources and staff time.
U-M economists: ‘Unbalanced’ job recovery from COVID-19 will worsen income inequality in Michigan
Over the next two years, employment and incomes are forecast to increase, with Michigan’s construction and automotive industries expected to see growth. “On the one hand, it is encouraging that the recovery from the COVID-19 recession is likely to create a nearly complete jobs recovery in higher- and middle-wage industries,” the report says. In that scenario, Michigan would end 2022 with 152,000 fewer jobs than it had in the first quarter of 2020—a 3.4% shortfall. In level terms, personal income in 2022 is expected to come in 5.8% higher than in 2019. They forecast a recovery of 22,600 jobs in 2021 and 13,300 in 2022.