Tesla Growth Drives BEV Market-Share Increase

BEV market-share jumped to 5.2% in Q3 2022, thanks primarily to Tesla Sales East Lansing, MI–October 13, 2022: In the third quarter of 2022, the share of BEVs in the U.S. auto market reached 5.3% after selling around 176,000 units in Q3 2022, slightly higher than the previous quarter. In the same quarter of the […]

Fueling Costs Rise for Both ICE and Electric Vehicles in Q3 2022

Mid-priced EVs cost their drivers $0.50 more in Q3, Mid-priced ICE up only $0.16 Print or download release East Lansing, MI–October 10, 2022: In the third quarter, traditional Internal Combustion Engine (ICE) vehicles saw a modest rise in fueling costs over Q2. The $0.16 increase is notably less than the $0.50 increase for EV home-fueling […]

Likely Impact of Averted Rail Strike

Likely Cost to US Consumers and Businesses of a National Railroad Strike The following is a summary of an analysis of the potential costs to US consumers and businesses of a railroad strike that could have occurred shortly after midnight on Friday, September 16, 2022. It was prepared by Patrick L. Anderson, principal & CEO […]

Economic Impact of Michigan’s University Research Council: 13th Edition, 2022

We are pleased to present the results of Anderson Economic Group’s 13th economic impact report for Michigan’s University Research Corridor. This report comes at a critical juncture for the State of Michigan; one that puts into perspective the role that URC institutions play in sustaining our economy through difficult times. As we prepare this report […]

How much do rideshare drivers earn? More than you might think.

According to our analysis, drivers between May and August 2021 took home nearly $35 per hour after expenses. Thrust into the spotlight during the pandemic, rideshare companies have become important sources of supplemental income for thousands, even as important questions persist about this new, flexible economy. At the core of these conversations is a simple […]

Housing Affordability in the Charleston Metro Area

The Charleston Trident Association of  REALTORS® (CTAR) retained Anderson Economic Group to conduct a study of housing affordability policy in the Charleston metropolitan area, including an analysis of affordability in the existing housing market and an evaluation of policy proposals to improve housing affordability in the region. To characterize the existing housing affordability landscape, we […]

Facility for Rare Isotope Beams (FRIB) Economic Impact Michigan State University, U.S. Department of Energy

On December 11, 2008 the U.S. Department of Energy (DoE) announced that Michigan State University was awarded a $55 million grant to build a Facility for Rare Isotope Beams (FRIB). MSU’s most notable competition for the facility was the Argonne National Laboratory, located near Chicago, Illinois.

A Hand Up for Michigan Workers: MEITC

The Michigan Catholic Conference (MCC) commissioned Anderson Economic Group (AEG) to update our 2002 report A Hand Up for Michigan Workers: Creating a State Earned Income Tax Credit. The MCC commissioned the original report to provide policymakers with the necessary data and analysis to make a decision regarding the creation of a Michigan Earned Income Tax Credit (MEITC). The MCC supported the passage of a state EITC and has advocated for the refundable tax credit as a way to help families work their way out of poverty.

Since the release of the original report, the Michigan Legislature passed and Governor Jennifer Granholm signed into law the MEITC. The credit will go into effect beginning in tax year 2008. In this report we explain how the MEITC will work, the rationale for having a state EITC, and estimate the likely cost of the MEITC to the state using information not available in 2002.