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Q&A: Q&A: John Hey, COO, Trivalent Group

Written by | Wednesday, 30 December 2015 14:25 |

The threat of electronic corporate espionage and data theft has become a reality for businesses across all sectors, according to John Hey, COO at Grand Rapids-based tech firm Trivalent Group. While it’s difficult to predict the nature of those attacks, Hey advocates for a commonsense approach to cyber security.

Q&A: Nancy DeBoer, Mayor, City of Holland

Written by | Wednesday, 30 December 2015 14:23 |

As the newly-elected mayor of the city of Holland, Nancy DeBoer looks forward to 2016 as a year when the city and the broader region can help its business community to grow, attract and retain a skilled workforce, particularly for the “robust” manufacturing industry.

Based on the current pipeline of construction work for general contractor Triangle Associates, President Mitch Watt forecasts another five to eight years of growth. The company plans to grow through a variety of avenues, including an expanded workforce, equipment investment and potentially new service offering

A stable economy and a lower unemployment rate in 2016 will enable more people to afford health care, according to Tina Freese-Decker, president of the Spectrum Health Hospital Group that includes 12 facilities in West Michigan.

Now in its second season, the Grand Rapids Drive of the NBA Development League continues to add additional offerings to the roster of semi-professional sports in West Michigan. By team President Steve Jbara’s account, the inaugural season was a success for the Drive in terms of ticket and merchandise sales and corporate sponsorships.

Grand Rapids-based Varnum LLP has undergone some changes that will position it for the future, says Executive Partner Tom Kyros. The law firm opened a Detroit office in September, hired an attorney with a national practice in data security and on Jan. 1 will bring on 16 attorneys from Law Weathers.

Buyers and sellers should keep John Kerschen and his colleagues at Charter Capital Partners busy next year. He says the U.S. economy should remain on its present growth path and drive business for the Grand Rapids-based M&A firm and investment bank.

As bankers look ahead to 2016 within their industry, they’re faced with adapting to the tastes of today’s tech-savvy customers, not to mention dealing with costly federal regulatory burdens enacted in the wake of the recent economic crisis.

The office furniture industry today faces a complex, challenging future. Company executives must manage their operations amid increasing margin pressure and an influx of imported products and new regulations, all while running short on talent.

While airport executives invest in providing better customer service, the broader aviation industry faces a looming pilot shortage, leading to a period of uncertainty for facilities managers, communities and economic developers as they wait to see how airline carriers respond.

Stakeholders in West Michigan’s commercial development industry say 2016 will look much like 2015, particularly in the increasingly popular urban multifamily housing market.

Nonprofit experts in West Michigan and beyond are monitoring a major national charitable endeavor, the announcement of which has earned both criticism and praise.

Beware the Cadillac tax

Written by | Monday, 21 December 2015 12:16 |

Set to take effect in a little more than two years, the 40-percent federal excise tax on the value of benefit-rich health policies that exceed a certain threshold may affect far more employers than initially believed.

Executives offer their outlook on 2016

Written by | Monday, 21 December 2015 00:32 |

For each Crystal Ball edition of MiBiz, we ask executives around the region to share their outlook for the coming year for their company, their industry and the state. Here’s what they had to say.

Economists expect Michigan’s economic resurgence to continue in the new year and push unemployment lower, although job growth in the manufacturing sector may peak as the auto industry’s rebound from the Great Recession plateaus.

If any meaningful policy changes at the state level are to happen in 2016, they will likely come at the bookends of the Legislature’s session, observers say.

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