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Displaying items by tag: PNC Bank

Thursday, 19 November 2020 16:35

Kentwood trucking company DIS Transportation files for Chapter 11 bankruptcy; attorney sees surge in filings ahead

Plummeting freight rates paired with the economic slowdown that accompanied the COVID-19 pandemic took its toll on trucking company DIS Transportation LLC, leading the Kentwood-based business to file for Chapter 11 bankruptcy.

Published in Economic Development
Monday, 02 November 2020 12:01

Michigan executives show more optimistic outlook in months ahead amid virus uncertainty

Chief executives expect the state and U.S. economies to stabilize or perform better in the months ahead and continue to rebound from sharp pandemic-related declines in the spring.

Published in Economic Development
Monday, 28 September 2020 16:35

Survey: Most small businesses expect further sales declines in months ahead

More than seven in 10 small businesses in Michigan expect further sales declines from the COVID-19 pandemic in the months ahead, according to new survey results from the Small Business Association of Michigan.

Published in Small Business

Sunday, 30 August 2020 17:31

Economists predict gradual economic recovery, though slower for some sectors

Economic conditions for Michigan and across the U.S. should keep improving through 2020 and into 2021, according to recent outlooks.

Published in Economic Development
Thursday, 06 August 2020 16:45

The Right Place leader Birgit Klohs to retire after 33 years

Birgit Klohs, the dean of economic developers in West Michigan and across the state, plans to retire after more than three decades of leading The Right Place Inc.

Published in Economic Development
Thursday, 06 August 2020 15:20

West Michigan industrial economy returns to ‘positive territory,’ economist reports

West Michigan’s industrial economy further improved in July as three of four key activity indexes moved back to positive territory after sharp declines this spring from the economic fallout of the COVID-19 pandemic.

Published in Economic Development


Sunday, 19 July 2020 18:34

Survey: After slowdown, M&A activity expected to rebound over the next year

The M&A market that slowed in the first half of 2020 with the onset of the COVID-19 pandemic should rebound well over the next 12 months as deals that got put on hold go forward, according to a midyear survey by law firm Dykema Gossett PLLC.

Published in Finance
Sunday, 21 June 2020 17:58

After 2020 cancellation, future of ArtPrize remains unclear

After canceling this year’s ArtPrize because of concerns over COVID-19, organizers of Grand Rapids’ flagship arts event and the largest art competition in the world have avoided questions about whether it will return.

Published in Economic Development
Sunday, 07 June 2020 17:35

Commercial lenders discuss effects of pandemic on West Michigan businesses, banking industry

Bankers across the region have been focused on working with small business clients to secure loans from the federal Paycheck Protection Program, as well providing payment deferrals and adjusting loans for business borrowers hit hard by the COVID-19 pandemic. 

Published in Finance

Monday, 06 April 2020 04:45

GVSU economist: Coronavirus-caused recession will be bigger than 2008-09

The COVID-19 pandemic will take a fast bite of more than $3 billion out of West Michigan’s economic output, driving the region into recession along with the rest of the country.

Published in Finance
Friday, 20 March 2020 08:19

University of Michigan economists see second quarter recession

University of Michigan economists expect the coronavirus and COVID-19 pandemic to drive the U.S. economy into recession for the second quarter.

Published in Economic Development
Tuesday, 03 March 2020 13:57

Comerica: Fed rate cut could help, but not change economic impact from coronavirus

Today’s emergency interest rate cut could aid a slowing U.S. economy facing a significant threat from the coronavirus outbreak, according to Comerica Inc. economists.

Published in Economic Development


Friday, 14 February 2020 07:00

Fears over prolonged coronavirus outbreak cool national economic outlooks

The U.S. economy maintained moderate growth to start 2020, although the coronavirus crisis in China could cause problems.

Published in Economic Development
Sunday, 02 February 2020 10:00

MiBiz Growth Report: Feb. 2, 2020

This is the growth report for Feb. 2, 2020.

Published in Economic Development
Wednesday, 22 January 2020 14:47

Peterson Farms invests $22 million in expansion

SHELBY — Family-owned fruit processor Peterson Farms Inc. is expanding its operations in Oceana County, north of Muskegon. 

Published in Food/Agribusiness

Sunday, 19 January 2020 16:00

Community Shores deal ‘makes a lot of sense’ for ChoiceOne

SPARTA — ChoiceOne Financial Services Inc. wasn’t actively looking to do another deal, but the parent company of ChoiceOne Bank saw an opportunity with Community Shores Bank Corp. that was too good to pass up. 

Published in Finance
Sunday, 03 November 2019 13:28

Surveys point to economic optimism despite cooling growth forecasts for Michigan

Business owners surveyed by PNC Bank remain optimistic about the local and national economies, despite worries about tariffs and pricing pressures and outlooks for slower growth ahead.

Published in Finance
Sunday, 07 October 2018 22:22

Reports: Michigan business owners remain optimistic

Optimism about the economy remained high going into the third quarter among Michigan businesses surveyed by PNC Bank.

Published in Economic Development

Saturday, 07 July 2018 16:37

Four West Michigan bankers offer perspectives on commercial lending

Rising interest rates won’t lead to change in how banks underwrite credit, although business borrowers need to monitor their effects if they opt for a variable-rate commercial loan.

Published in Finance
Saturday, 09 June 2018 15:32

Health of Michigan’s economy depends on auto sales, NAFTA renegotiation

Comerica Inc. Chief Economist Robert Dye sees Michigan’s economy performing in the second half of 2018 much as it has in the first half, with continued growth but at a decidedly slower rate than in past years. 

Published in Economic Development
Saturday, 09 June 2018 15:25

Despite prior worries, national economy continues strong expansion

Brian Long anticipated by now to see proof that the U.S. economy had started to flatten out. 

Published in Economic Development

Sunday, 29 April 2018 14:03

West Michigan retailers adapt to changing dynamics

The local and national retail industry faces many headwinds, but reports of its death have been greatly exaggerated.

Sunday, 08 October 2017 21:16

PNC survey: Michigan employers still hold positive view of economy

Michigan’s economy should remain in good shape for the foreseeable future, according to results of a semi-annual survey PNC Bank conducts with small and medium-sized business owners.

Published in Breaking News
Sunday, 06 August 2017 15:53

Commercial lending volumes rise as borrowers reach capacity

Among the commercial and industrial borrowers at Lake Michigan Credit Union, about one-third are expanding or buying new equipment that’s needed to grow their businesses.

Published in Finance

Sunday, 14 May 2017 13:43

Borrowing at last: Small business owners return to banks for financing, even amid emerging economic concerns

Over the past decade, many small business owners put off expansions or capital equipment purchases for as long as they could.

Published in Small Business
Friday, 12 May 2017 10:33

Partnership drives tech sector training

A new partnership and grant dollars aim to help train future technology sector employees.

Published in Breaking News
Sunday, 07 May 2017 20:00

Optimism spikes for Michigan business owners, according to PNC survey

Small and mid-sized business owners in Michigan are more optimistic about the foreseeable future than they have been in five years, according to a spring survey by PNC Bank.

Published in Breaking News

Sunday, 08 January 2017 17:02

More of the same? Seller’s market largely unfazed by rising interest rates, politics as deal flow keeps pace

Professionals working in mergers and acquisitions in West Michigan expect strong deal flow to continue in 2017, maintaining a seller’s market.

Published in Finance
Sunday, 25 December 2016 19:35

Still growth, just slower: Lack of workers, plateauing auto sales to ease Michigan’s economic expansion

Economists expect Michigan to maintain economic growth in the coming year, albeit at a slower pace that will further tighten labor markets.

Published in Economic Development
Sunday, 30 October 2016 16:56

First National Bank of Michigan eyes expansion to Holland, other contiguous markets

Kalamazoo-based First National Bank of Michigan plans to open a Holland office five years after moving into the Grand Rapids market.

Published in Finance

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