The latest quarterly economic survey from Business Leaders for Michigan shows continued optimism about the state economy, although few executives expect higher growth through 2019 and into next year.
Whether the West Michigan manufacturing industry continues on an ongoing growth trend in 2019 or veers into a contraction remains uncertain. Economist Paul Isely, associate dean for undergraduate programs in the Seidman College of Business at Grand Valley State University, uses automotive, furniture, agriculture, and “amazingly nowadays” aerospace manufacturing to find the pulse of where the region’s economy is headed in the coming months and years.
Michigan’s economy will see slower economic and employment growth in 2019 amid the ongoing tight labor market and less U.S. economic growth, economists say.
Robert Dye views 2019 as a “transitional year” for the U.S. economy as a trio of forces align to moderate growth during the year.
Michigan will maintain job growth through 2019, although at a slower rate than the past several years as employers have fewer people to hire.
Smaller public universities in Michigan will have to come up with less matching funding to secure state grants that support startup companies coming out of research labs.
GRAND RAPIDS — With a new project, Mary Free Bed Rehabilitation Hospital and the University of Michigan are laying the foundation for further research collaborations.
Mergers and acquisition activity remained strong in West Michigan through the third quarter, as many sellers opted to go to market while they can still get a good price for their businesses.
Dockless electric scooters could soon become available on the streets in Michigan’s second-largest city.
The big three research universities in Michigan generated nearly $18.7 billion in economic impact across the state, an amount that grew 46 percent over 11 years even as public funding for higher education waned.