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Michigan business leaders launch statewide alliance to boost startup ecosystem
Nearly 100 organizations from across Michigan are joining forces to establish a statewide innovation alliance.
Michigan group says it has signatures to propose ban on utility, business donations
Michiganders for Money Out of Politics plans to turn in petitions next week. It needs 356,958 valid voter signatures to qualify.
Chicago delays tipped wage phaseout after restaurant pushback
Chicago aldermen approved a compromise delaying the phaseout of the tipped minimum wage for restaurants, handing Mayor Brandon Johnson a setback.
Detroit investors are leaving their mark on this Lake Huron vacation town
The village of Lexington, snuggled up against Lake Huron, boasts of only about 1,000 or so year-round residents, but the population swells by maybe two-fold or more during the warmer months.
Chicago Reader names a new publisher
The Chicago Reader has named a new publisher as the long-struggling alternative news outlet continues its latest turnaround effort.
Blackstone Hotel sold at discount to local investor
The local investor behind the two biggest downtown hotel purchases of the past year has picked up a third in the historic Blackstone Hotel on Michigan Avenue.
Illinois joins suit arguing Trump grad loan caps threaten healthcare workforce
Illinois joined 25 Democratic-led states suing the Trump administration over new graduate student loan caps they say could worsen healthcare worker shortages.
Auto suppliers push for USMCA renewal as tariffs jolt business
Manufacturers are paying close attention to how the rules of North American trade will be rewritten yet again.
Why CMOs must become enterprise growth leaders
CMOs must reclaim their role as enterprise growth leaders by connecting marketing to business outcomes, proving impact, and embracing AI and analytics.
The parking meter deal Chicagoans love to hate is poised for another sale
The City Council is likely to push for better terms in the concession contract under a new owner.
DraftKings to close sportsbook at Wrigley Field: report
DraftKings will stop taking in-person bets at Wrigley Field on May 31, blaming rising city and state sports wagering taxes.
2026 Healthcare Marketing Impact Awards
Learn about the 2026 Healthcare Marketing Impact Awards from Ad Age and Modern Healthcare, honoring impactful healthcare advertising, marketing and communications campaigns.
How Carle Illinois College of Medicine is changing the health care innovation ecosystem
Carle Illinois College of Medicine blends medicine, engineering and AI to speed health care innovation from concept to patient care.
How Carle Illinois College of Medicine is changing the health care innovation ecosystem
Carle Illinois College of Medicine blends medicine, engineering and AI to speed health care innovation from concept to patient care.
Chicago power families: Who holds influence now
These 14 families wield influence across Chicago and Illinois through business, politics, philanthropy, sports and civic institutions.
Power Families of Chicago: Crown, Duchossois, Melman and Wirtz
Some long-familiar names — Crown, Duchossois, Melman and Wirtz — are among Chicago's most powerful families.
Power Families of Chicago: Velasquez
With second-generation leaders in Azteca Foods and a history of philanthropy and civic activism in Pilsen, the Velasquez family is among Chicago's most powerful.
Power Families of Chicago: Hoffmann
The Hoffmanns — whose company operates 52 platform businesses in eight vertical categories — are among Chicago's most powerful families.
Power Families of Chicago: Sacks
With influence in education, philanthropy and political circles, Michael and Cari Sacks are among Chicago's most powerful families.
Connecting care: How Meridian supports Michigan’s foster youth
Meridian’s foster care program helps Michigan youth access care, stability and everyday support during times of transition.
Illinois infrastructure investment strengthens economy and workforce
U of I professor Rober Bruno on how public infrastructure spending fuels job creation and long-term growth in Illinois.
Detroit’s lunch business struggles as hybrid work, economy reshape routines
The traditional sit-down “business lunch” is no longer the reliable revenue stream it was before the pandemic began in early 2020.
Fitbit Air: 24 Hours Later First Impressions
Here's your first impressions of the Fitbit Air, and how it compares physically to Whoop 5.0/MG, Amazfit Helio, and the Polar Loop.
Wintrust spreads its brand in West Michigan via Grand Rapids naming rights deal
Wintrust Financial Corp. will sponsor prominent entry points at the new Acrisure Amphitheater in downtown Grand Rapids in a move to further spread its brand in West Michigan after acquiring Macatawa Bank.
Chicago firm pays $91M for Kane County apartments in latest high-dollar deal
The deal is one of the largest in the suburbs so far this year following a $102 million sale in Orland Ridge and a $110 million deal in Crest Hill.
Garmin Forerunner 70: Everything That’s New & Changed!
Everything you need to know about the Garmin Forerunner 70, from the new features to accuracy, and plenty more!
Tax break for United Center’s 1901 Project advances amid union pushback
The request for a property tax break has given a hospitality union leverage in negotiations over permanent jobs created in the $500 million first phase of the $7 billion mixed-use development.
Crain's Chicago Business reports: Building on its reputation, Chicago area, City Colleges of Chicago, becomes a force for workforce development
Aon has already hired more than 300 apprentices through its long-running collaboration with City Colleges of Chicago and workforce programs are increasingly designed around employer needs while also addressing barriers to employment.To support the individual needs of students, City Colleges offers wraparound support such as tutoring, internships, apprenticeship and advising. The goal is upward mobility — especially for students from underrepresented communities.
Chicago investment bank Lincoln International seeks $421M in IPO
The Chicago-based firm and some selling shareholders are offering around 21 million Class A shares for $18 to $20 each, according to its filing Monday with the US Securities and Exchange Commission.
Building on its reputation, Chicago area becomes a force for workforce development
Chicago-area employers, colleges and nonprofits are creatively collaborating to ensure the region's talent pipeline stays robust and adequately filled.
Commentary: More intentional connections will strengthen Chicago’s talent pipeline
Holistic, coordinated support systems are essential to ensure those furthest from opportunity are not left behind.
Schools and nonprofits help people clear barriers to employment when ‘life happens’
Chicago has an entire ecosystem dedicated to helping applicants navigate factors holding them back from securing a job.
Commentary: Dominican University’s Pilsen campus targets a workforce shortage
By removing barriers in higher ed, the River Forest-based institution connects students mainly from the West Side with communities that need their skills and talents.
Massive water main break closes businesses, sends offices into WFH mode in Auburn Hills, Orion
Water main break could take a minimum of two weeks to fix, the Great Lakes Water Authority said.
Illinois road investment impact business competitiveness
Illinois road conditions drive higher costs, delays and safety risks for businesses statewide. Learn why sustained investment is critical.
Why investing in Illinois roads is critical for business competitiveness
A look at how deteriorating Illinois roads impact supply chains, business costs and economic growth across Chicago and downstate regions.
QVC shareholders fight bankruptcy plan they say favors creditors
QVC shareholders are challenging the retailer’s bankruptcy plan, arguing the company is improperly shifting valuable assets to creditors.
Chicago Teachers Union wants $8.5 million dues hike to fund politics
“Has your brand become toxic?” This was a pointed question from WGN Political Editor Tahman Bradley, posed to Chicago Teachers Union President Stacy Davis Gates in a recent interview. Her immediate response: “I don’t understand the question.” When pressed, Gates added, “The Chicago Teachers Union is not a political party, it is a labor union.” But internal union documents show CTU leadership is trying to skim $8.5 million more from teacher paychecks explicitly for politics, while trying to silence union members critical of Gates’ leadership. Under the proposed dues hike, Chicago teachers would see up to $800 more per year flow from their paychecks to union coffers. The union already takes in more than $40 million a year, mostly from dues. And it spends less than 18 cents of every dollar on teacher representation. The No. 1 reason for the proposed dues hike? Politics. “We must win a majority of the first 21 person fully elected school board in November,” reads the first point in CTU’s member FAQ document.1 This directly contradicts CTU’s promise to members about how leadership uses dues money. The official CTU handbook tells members that the union does not use dues money for politics, so if they are interested in funding political activity, they should consider voluntary donations to CTU’s political action committee. “Our dues are not used for political purposes,” according to the handbook. “So our PAC relies on extra contributions from our members to support progressive candidates and to impact elected officials at the city, county and state levels.” This kind of double-speak is one reason members are concerned about another constitutional change slipped into the dues hike vote, which will take place on May 20-21: an attempt to stop members from holding the union accountable. A proposed amendment to the union constitution tries to place limits on when members may bring a lawsuit against the union for violating members’ rights.2 This provision is clearly a response to members’ lawsuit against union leadership regarding Gates’ years-long refusal to publish audited financial statements. The judge in that case has repeatedly denied the union’s attempts to dismiss it. Teachers opposed to these changes have been circulating this flier, urging members to vote no. What will CTU members get in return for millions of dollars in additional dues? If the 2024 school board elections are any indication—not much. CTU leadership’s record on school board races may not inspire confidence among members. A Chicago Policy Center analysis of a dozen affiliated PACs found CTU spent nearly $2.9 million on school board races in 2024. Of that spending, more than $2.1 million (75%) went to losing candidates. And while CTU-backed candidates lost six of the nine competitive seats overall, they fared worse in their biggest-spending races, losing five of six contests in which the union and its affiliates put up more than $250,000 for their candidate. The Chicago school board elections take place Nov. 3.3 Is another $8.5 million enough to clean up a toxic reputation? Not likely. Update on federal tax credit scholarship: Last week, Democratic New York Gov. Kathy Hochul said she plans to opt into the federal tax credit scholarship program. If Illinois Gov. JB Pritzker follows suit, Illinois could unlock $1 billion in donor money statewide for both public- and private-school students. If Illinois does not opt in, that money will flow to other states. The Last Ward reported in February on how Illinois Democrats could unlock at least $100 million in new resources for Chicago public-school students by opting in. Update on the investigation into how Chicagoans learned about a meeting to hike their property taxes: The Last Ward reported in January on an absurd, taxpayer-funded investigation into how local media learned of a planned Chicago school board meeting to hike the district’s property tax levy. That investigation is now complete. Lawyers interviewed two dozen witnesses, and found nothing. Update on Illinois’ muni debt crisis: My colleague Joe Tabor last week published a must-read piece in Crain’s Chicago Business about how Illinois recently rejected south suburban Harvey’s request to be designated a “distressed city.” The saga shows why the state must implement a better structure to assist insolvent local governments, including allowing for the option to pursue debt relief via Chapter 9 bankruptcy. The Last Ward reported in October on how Harvey is tipping the first domino in Illinois’ municipal debt crisis. Mincing Rascals: I joined the Mincing Rascals podcast to discuss the SAFE-T Act, the millionaires tax, and more. My “green light” recommendation: Force Majeure (2014). 1 Notably, the No. 2 reason cited is “resources to fund a state-wide millionaires tax campaign in order to fully fund the state’s school funding formula.” The constitutional amendment necessary to implement a progressive income tax in Illinois recently died in the Illinois House, meaning this question would not appear on the ballot until 2028 at the earliest. 2 There is seemingly no single-subject rule for CTU constitutional amendments. So members only get one vote on the full package. One cannot vote “yes” on the dues hike and “no” on the restriction of members’ rights, for example. 3 Illinois law grants far too much power over local government to unelected officials like Gates. State lawmakers should fix that.
Chinese buyer plans partial residential conversion at Wacker Drive office building
The deal is part of two major trends: A wave of downtown office buildings trading at fractions of their pre-pandemic values and office-to-residential conversions.
Daily 5 report for May 8: Why this dealer sold his collision repair business
John Masano sold his collision repair business to Driving Force Collision in 2024 to focus on dealership sales and service operations instead.
Rivian eyes more EV variants as affordable R2 rollout begins
Rivian is signaling that its push into more affordable electric vehicles may extend well beyond the upcoming R2 SUV — a key development for the EV maker as it tries to broaden its appeal beyond luxury buyers.
Now we know what Uber paid to buy Chicago’s SpotHero
The purchase price was disclosed today in an SEC filing.
Kraft Heinz sees early payoff from $600 million brand bet
Kraft Heinz beat Wall Street expectations as CEO Steve Cahillane said investments in core brands are beginning to revive sales and market share at the Chicago food giant.
Opinion: Chicago companies offer a playbook for implementing place-based investments
On the South and West Sides of Chicago, place-based investments are bringing jobs, training and capital closer to home and advancing the city’s economy
Ogilvy invests in sports agency, names first global sports and entertainment chief
Article 41 co-founder Vickie Segar will fill Ogilvy's newly created role as global chief sports and entertainment officer.
Ogilvy invests in sports agency, names first global sports and entertainment chief
Article 41 co-founder Vickie Segar will fill Ogilvy's newly created role as global chief sports and entertainment officer.
Thoma Bravo is hunting software bargains amid selloff pressure
The Chicago firm is closely watching for any “motivated selling” among business-development companies that have been beset by a wave of investor redemptions.
Assertio parlays competing offer into $26 million bump for take-private deal
The 21% price hike would put the value of the transaction at nearly $151.5 million.
Opinion: Young people make nonprofit boards better. Here’s how.
Research suggests that young people have greater optimism, creativity, and motivation to drive social change than other age groups.
Long-deferred projects move forward as Chicagoland communities build for the future
Communities throughout Chicago are modernizing public facilities as part of a broader construction effort to build for function and longevity.
How employer partnerships are reshaping Chicago’s workforce
WGU explores how Chicago employers are investing in flexible education pathways to strengthen talent pipelines.
Why manufacturing? Gathering data, building community and propelling success
What’s shaping the future of manufacturing? Insights on workforce, automation and supply chains every business leader should know.
The role of philanthropy in health care today
: Health care is one of the most complex and essential sectors of Northeast Ohio’s economy. At UH, care is guided by a mission to heal, to teach and to discover.
The role of philanthropy in health care today
: Health care is one of the most complex and essential sectors of Northeast Ohio’s economy. At UH, care is guided by a mission to heal, to teach and to discover.
Alight’s new CEO makes more leadership moves
The moves come as new CEO Rohit Verma builds out a leadership team and refines the company’s focus on innovation, operational excellence and getting better benefits outcomes for clients.
West Coast tech firm eyes big Chicago office expansion
San Francisco-based Databricks is poised to lease about 50,000 square feet in the Franklin office building at 227 W. Monroe St., expanding from its current co-working space.
Sikich buys Manpower division for $100M
The acquisition follows a private-equity infusion by Bain Capital two years ago.
‘Weed City’ pushback: New Buffalo crackdown sparks legal fight
New Buffalo, a popular vacation destination — and a draw for Chicagoans seeking lower-cost cannabis products — and is trying to rein in that trade, but dispensaries are fighting back in court.
A City That Works: Illinois can’t let local politics deepen the housing shortage
Local control has not solved Illinois’ housing shortage. State standards can help add homes, ease costs and spread growth more broadly.
AbbVie raises outlook even as its blockbuster Skyrizi faces new rivals
Much of the company’s out performance stemmed from the immunology business.
Stadium architect Rossetti acquired by global giant HOK in sports and entertainment design expansion
A global architecture giant is doubling down on Detroit with a deal that expands its reach in one of the most competitive corners of the design world: sports and entertainment venues.
Oprah Winfrey strikes multiyear podcast, content deal with Amazon
Beginning this summer, Winfrey will produce twice-weekly video podcast episodes that will stream across Amazon platforms including Prime Video, Amazon Music, Audible and Fire TV Channels.
Opinion: Illinois’ ‘flat’ tax isn’t flat — and it’s costing us billions
Illinoisans are struggling to afford the basics. The least we can do is stop subsidizing the luxuries of people who have everything they need and then some.
Chicago Skyway’s Australian owner fields takeover bid
Atlas Arteria owns toll roads in France, Germany and the US, including the Chicago Skyway.
Commentary: Chicago’s arts and culture is essential infrastructure. Here’s why.
They are not optional amenities. They are vital to GDP, workforce competitiveness and the city’s standing as a global capital of creativity.
Great Lakes Maritime Initiative aims to strengthen shipbuilding, jobs and the environment
University of Michigan launches Great Lakes Maritime Initiative to boost shipbuilding, innovation and workforce development across the region.
Curbing health care costs through collaboration
How Blue Cross Blue Shield of Michigan reduced costs by $6.3B through provider partnerships and value-based care over 20 years.
Wahoo & COROS Hook Up: Here’s What Happening!
Wahoo Fitness & COROS have joined forces, connecting the two companies products together - here's what it means, and what's changing.
U.S. reclassifies medical marijuana as a less dangerous drug. Here’s what to know.
The process of rescheduling recreational marijuana, which began under former President Joe Biden in 2022, remains in limbo.
Rising costs stunt Michigan’s small business growth despite stable foundation
Those constraints contribute to lower growth among small businesses, an area of the economy that accounts for more than half of the private sector jobs in Michigan.
Morningstar eyes Google’s Thompson Center revamp for potential new HQ
Google's Thompson Center is among several future headquarters options the investment research firm has explored, according to people familiar with the search.
Opinion: Three ideas for how Chicago should handle stadium deals
Chicago faces major stadium decisions. UChicago grad students offer policy ideas to guide public investment and team partnerships.
Opinion: A new financing model can make Chicago a global sports leader
A dual-track model for stadium funding could help Chicago attract major events while aligning public investment with long-term returns.
GM suspends next-gen electric trucks amid pivot back to gas engines, hybrids
The move has major implications for a pair of assembly plants in Michigan and the automakers' suppliers.
L’Oréal film reclaims ‘Because I’m Worth It’ for Ilon Specht and raises bar for branded content
“The Final Copy of Ilon Specht” for L'Oréal Paris wins Branded Entertainment/Content Campaign of the Year at the 2026 Creativity Awards.
The jet-fuel surge is making global flight connections disappear
Airline passengers should brace for more aggravation in the next few months as carriers around the world deepen cancellations and ground planes to cope with stratospheric increases in jet-fuel prices.
Our latest list of Chicago’s largest private companies has a newcomer near the top
Last year's private equity buyout made drugstore giant Walgreens the Chicago area's second-largest privately held company. This year's list is also missing one of its regulars.
Lauren Reid Named to Crain’s New York Business 2026 Women of Influence List
The John Gore Organization president was recognized for breaking barriers in Broadway leadership.
Cleveland’s workplace evolution: Why the old office playbook no longer works
Cleveland companies rethink office strategy to balance cost and employee experience, using flexible space and focusing on cognitive wellness.
Chicago IP firm Marshall Gerstein names first new managing partner in 24 years
The election of Randall Rueth comes amid an explosion in the field of patent law and as artificial intelligence transforms the legal industry.
Wealth management firm Hightower names new president
The appointment comes about a year after CEO Larry Restieri took the reins at the Chicago-based wealth management firm.
Conagra’s new CEO faces a pricing bind with no clear fix
John Brase inherits a company squeezed by an industry-wide struggle to win back cost-conscious consumers — a force J.M. Smucker contended with before cutting his job.
Conagra CEO Connolly is out after 60% stock slide
The Chicago-based company said today that CEO Sean Connolly will step down at the end of next month and be replaced by consumer goods veteran John Brase, on June 1.
Ethan Rii | Notable Leaders in Health Care 2026
Ethan Rii, partner in the national health care group at Ice Miller, is one of Crain's Chicago Notable Leaders in Health Care 2026.
Trump accounts complicate the wealth gap debate
First baby bonds, now Trump Accounts for newborns. A debate ensues on who will benefit the most from these child wealth-building vehicles.
The essential role of a health plan in Ohio
How health plans in Ohio can simplify care, improve affordability and provide personal support when families face complex health needs.
Covista taps Walden University leader to integrate marketing, digital innovation
Health care education company Covista is expanding the role of Walden University President Michael Betz to include chief growth and innovation officer duties.
William Wertheim Named One of Crain’s New York Business 2026 Notable Leaders in Healthcare
Recognition highlights leadership in advancing Stony Brook Medicine as an integrated academic health system serving Long Island William Wertheim, MD, MBA, executive vice president of Stony Brook Medicine, has been named one of Crain's New York Business 2026 Notable Leaders in Healthcare. This prestigious recognition honors professionals who have demonstrated exceptional leadership in healthcare, driven
Veradigm brings in new CFO after years of finance pain
Veradigm has named a permanent chief financial officer who will start work only after it finally files its 2023 and 2024 annual reports, the first step for the Chicago-based health care company to renew its Nasdaq listing.
NYC Health + Hospitals Leaders Recognized by Crain's New York Business Among '2026 Notable Leaders In Health Care' - NYC Health + Hospitals
NYC Health + Hospitals today announced NYC Health + Hospitals/Bellevue Chief Executive Officer Dr. Eric Wei, NYC Health + Hospitals/Bellevue Department of
NYC Health + Hospitals Leaders Recognized by Crain's New York Business Among '2026 Notable Leaders In Health Care' - NYC Health + Hospitals
NYC Health + Hospitals today announced NYC Health + Hospitals/Bellevue Chief Executive Officer Dr. Eric Wei, NYC Health + Hospitals/Bellevue Department of
How interest rate trends can impact business value
Falling interest rates are reshaping business valuation by affecting discount rates, cash flow and investor returns. Here’s what it means now.
As fuel prices soar, United is raising bag fees
The carrier says it will charge $10 more for the first and second bags checked by passengers on flights in the U.S., Canada, Mexico and the rest of Latin America.
CrainCo honored with Regents Business Partnership Excellence Award for collaboration with Southeastern | Southeastern Oklahoma State University
OKLAHOMA CITY – Southeastern Oklahoma State University alumni-owned local business CrainCo has been honored with the 2026 Oklahoma State Regents for Higher Education’s Regents Business Partnership Excellence Award (RBPEA) as announced Friday. The RBPEA is designed to highlight successful partners
Editorial: Kaufman Astoria Studios foreclosure fight a warning sign for city’s entertainment industry
The foreclosure battle could spell more trouble for New York's entertainment industry going forward.
Agency Brief—Terri & Sandy continues leadership revamp with Martin hire
This week, we’ve got an exclusive on Terri & Sandy’s C-suite hire, and we dive into Publicis Groupe’s continued push into sports.
Acting CHA leader tells staff it’s business as usual, defying Johnson’s attempt to block CEO hire
Matthew Brewer's insistence to move ahead despite the mayor efforts to remove him makes it clear Johnson will have to pursue legal action or otherwise convince a supermajority of the CHA’s board to reverse course.
Harris Oakmark shuffling investment team as choppy stock market bites
Changes at the top come as recent returns in Harris Oakmark’s key funds fall below historical averages.
Walgreens’ private equity owner plans to double pharmacy chain’s profits
Sycamore Partners, a New York-based buyout firm, wants to grow the retailer’s earnings before interest, taxes, depreciation, and amortization to $4 billion.