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When things seem uncertain, there’s no substitute for a great plan. After a decade of recovery following the Great Recession, Michigan’s economy is imperiled by COVID-19-related business closures and layoffs. How our state responds will define us for a generation.
This year has brought unprecedented challenges to West Michigan’s manufacturers. From closures in the spring and pivoting to the production of essential supplies, to restarting operations and adjusting to the “new normal”, local manufacturers are in a state of flux. It can be difficult to know where to go from here, particularly when the future is uncertain.
Smith Haughey Rice & Roegge (SHRR) has been helping clients overcome challenges since 1941. Despite all our shared experiences over the decades, it is unlikely any event has had a more collective impact on our clients and our practice than COVID-19.
It’s a well-known fact that one of the best ways to recruit and retain top talent is to offer excellent benefits, the kind that go beyond the basics of meeting an employee’s health care needs and offer more than just reasonable copays and deductibles. With the outbreak of COVID-19, maintaining strong health has become more important than ever, and employees are looking for ways to stay healthy while enhancing their day-to-day lives.
Your business may grow through mergers and acquisitions (M&A) despite challenges posed by the COVID-19 pandemic.
On the corner of Portage Street and Lake Street in the Edison neighborhood of Kalamazoo, workers are putting the finishing touches on an attractive new multi-use building known as the Creamery. The building, which was partially funded with an innovative Impact Investment Loan program from the Kalamazoo Community Foundation (KZCF), will soon house affordable apartments for low- and middle-income people, a YWCA 24-hour childcare center and a small business accelerator.
COVID-19 has hit the world hard, including the business landscape. Many companies are struggling under the strain the pandemic has put on our economy, from decreased spending to wide-scale shutdowns. In the face of this economic uncertainty, businesses of all sizes and their employees are facing tough choices when it comes to spending.
Being directly related to profitability, growth, and efficiency, productivity is key to company success. Manufacturing processes are constantly seeing improvements in with the introduction and development of new technology. These technological advances include the utilization of real-time data and the IIoT to increase productivity, leading to a highly competitive and ever-growing manufacturing sector.