Displaying items by tag: The Right Place Inc
Reporter’s Notebook: West Michigan balances lagging wages with regional amenities
If it’s money that matters most when people look for work or to relocate for a new job, then West Michigan may be at a disadvantage in competing for the coveted talent needed to drive economic growth.
Biz groups quiet on economic implications of abortion restrictions
The longstanding U.S. Supreme Court ruling in Roe v. Wade, which has protected abortion access before fetal viability for 49 years, is set to be directly challenged this year.
Economic developer: Time for Michigan to ‘punch back’ on competitiveness
Economic development leaders and elected officials have mobilized in recent months to attract major advanced manufacturing projects after Ford’s announcement of $11.4 billion in battery and assembly projects in Kentucky and Tennessee. The Right Place Inc. President and CEO Randy Thelen called it the “straw that broke the camel’s back,” foreshadowing multiple new economic development efforts statewide. Thelen recently discussed potential new incentives, as well as labor market forces that are shaping his outlook for the year ahead.
Economists forecast ongoing statewide rebound in 2022
Michigan’s economy and jobs are expected to continue to recover in 2022 from the deep downturn last year resulting from the COVID-19 pandemic.
Historic federal funding influx forces decision making by state, local policymakers
If there’s any certainty about 2022, it’s that Michigan policymakers will have billions of federal dollars to distribute for infrastructure and economic development.
West Michigan economy maintains growth despite labor woes, according to outlook
West Michigan’s economy remains strong heading for the end of 2021 with expectations for continued growth in 2022, according to a new outlook from The Right Place Inc.
Consumers, DTE seek special electric rates for large development projects
Michigan’s two largest investor-owned utilities seek to play a more active role in economic development — particularly in luring advanced manufacturing facilities to the state — with plans to offer new electricity rates for large expansion projects.
Holland, Big Rapids eyed for battery manufacturing developments
Advanced automotive battery suppliers are considering a pair of West Michigan cities for new or expanded manufacturing facilities, MiBiz has learned.
Wege Foundation’s $1M investment in minority-focused VC fund may attract more nonprofit giving
GRAND RAPIDS — The Wege Foundation’s $1 million investment committed to the New Community Transformation Fund comes from a shared vision to support greater economic diversity and inclusion in West Michigan’s economy.
New economic development coalition calls for change to help Michigan compete
Nearly two dozen economic development and trade organizations have formed the Winning Michigan Jobs coalition with the goal of helping the state regain a competitive edge for new jobs and investments.