Breaking News

News

Kingsford approves new zone to incentivize more rental housing

Local News

KINGSFORD — A new housing district approved in Kingsford offers a temporary tax abatement tied to new investment or rehabilitation of rental properties. The Kingsford City Council had a public hearing Monday and approved the establishment of the Residential Block Re-Development Attainable Housing Facilities Act Program Zone. The designation allows local municipalities to provide tax incentives to owners of rental housing property of not more than four units to enable renovation and expansion of aging facilities, thereby creating improved living spaces for renters. The district ...

Applications being taken for Norway DDA improvement grants

Local News

NORWAY — Downtown Norway business and property owners once again have an opportunity to receive assistance to improve their building’s appearance through the Facade Improvement Grant Program. The program, offered through the Norway Downtown Development Authority, provides up to 70% ...

Bond market worries knock US stocks lower

Business

NEW YORK (AP) — The relief that swept the bond market just a day earlier disappeared on Thursday as oil prices, worries about high inflation and the U.S. government's debt kept rising. That helped knock the U.S. stock market to its worst day in three weeks, and Walmart led the way on concerns about its upcoming profits. The S&P 500 fell 0.9% for its fourth loss in the five days since setting its all-time high last week. The Dow Jones Industrial Average dropped 703 points, or 1.3%, and the Nasdaq composite sank 1%. The bond market remains the center of the action after yields ...

Aircraft carrier relieves long-deployed USS Lincoln

National News

WASHINGTON (AP) — The Asia-based USS George Washington aircraft carrier is now operating in the Middle East, the U.S. military said Thursday, relieving a long-deployed carrier following reports of mental health challenges and supply shortages aboard while it was supporting the Iran ...