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Displaying items by tag: economic development

Friday, 20 May 2022 12:53

U-M economic outlook shows short-term return to growth; inflation concerns through 2023

University of Michigan economists expect second-quarter growth for the U.S. economy, although momentum may wane in the latter half of the year as interest rates rise.

Published in Economic Development
Thursday, 19 May 2022 16:18

State GOP lawmakers pass tax cut plan amid expected budget revenue windfall

Republicans in Lansing have passed another election-year tax cut plan that would reduce the personal income tax, raise Michigan’s earned income tax credit, and create a $500 per-child tax credit.

Published in Economic Development
Tuesday, 17 May 2022 16:09

Gun Lake Investments taps former deal partner to run operations

After a seven-year career in tribal economic development at Waséyabek Development Co. LLC for his tribe, Jimmy TenBrink now finds himself heading up operations for a familiar tribal partner. 

Published in Economic Development

Wednesday, 11 May 2022 12:25

Grand Rapids approves 90-day grace period for non-complying cannabis operators; licensing dispute attracts state attention

GRAND RAPIDS — A divided Grand Rapids City Commission is granting a 90-day grace period to cannabis operators that are failing to meet social equity goals they promised three years ago while city staff determine a path forward.

Published in Economic Development
Monday, 09 May 2022 14:33

Grand Rapids officials back plan to redesign Wealthy Street, U.S.-131 interchange

GRAND RAPIDS — City officials are backing plans that would redesign the Wealthy Street interchange at U.S.-131 to bring the street to grade level while elevating the highway.

Published in Economic Development
Monday, 09 May 2022 12:53

MiBiz on WOOD-TV8: Most GR cannabis equity businesses not meeting goals

Very few Grand Rapids cannabis businesses are fulfilling social equity promises they made three years ago to gain an advantage when applying for a city license, though some city officials say the program is filled with “unattainable” goals.

Published in Economic Development


Sunday, 08 May 2022 18:49

MiBiz Growth Report: May 9, 2022

Here is the MiBiz Growth report for May 9, 2022:

Published in Economic Development
Friday, 06 May 2022 14:31

GR cannabis equity program in disarray with noncompliance, ‘unattainable’ goals

GRAND RAPIDS — Just three out of 11 cannabis dispensaries are fully complying with voluntary social equity commitments they made three years ago to improve their chances of obtaining a license in a highly competitive lottery system, MiBiz has learned.

Published in Economic Development
Friday, 06 May 2022 12:09

Greater Muskegon Economic Development names new CEO after 3-year reorganization

Muskegon County’s economic development organization has named Marla Schneider as its new president and CEO following a three-year restructuring the organization took on to attract new corporate funders and revamp strategic planning. 

Published in Economic Development

Thursday, 05 May 2022 19:52

Business owners, housing advocates call for $1.65B to meet affordable housing goals

A group of business owners and environmental and housing advocates are calling on the state to invest $1.65 billion in affordable, energy efficient homes as the Whitmer administration also pursues a statewide housing plan.

Wednesday, 04 May 2022 17:10

$25K grant to bolster Hispanic Center of Western Michigan’s digital equity efforts

With a rapidly growing number of workplace tasks expected to go digital in the next decade, developing digital skills is key to creating economic opportunities and reducing vulnerability to unemployment. 

Published in Economic Development
Tuesday, 03 May 2022 11:34

Start Garden opens registration for $300K startup pitch competition

Start Garden Inc. is now accepting pitches from entrepreneurs competing in The 100, a business competition with $300,000 in funding for startups. 

Published in Small Business


Monday, 02 May 2022 16:52

MiBiz on WOOD-TV8: Grand Rapids Gold considers move to Van Andel Arena

With the upcoming closure of the DeltaPlex Arena & Conference Center on July 31, minor league basketball team the Grand Rapids Gold is looking for a new home arena.

Published in Economic Development
Sunday, 24 April 2022 18:49

MiBiz Growth Report: April 25, 2022

Here is the MiBiz Growth Report for April 11, 2022.

Published in Economic Development
Sunday, 24 April 2022 18:08

Small biz experts, owners stress smooth transition efforts with ownership changes

After sharply declining at the start of the COVID-19 pandemic, the rate of small business deals is nearing 2019 levels again as owners find reasons to exit and sellers see companies that have weathered a two-year storm.

Published in Economic Development

Sunday, 24 April 2022 17:54

Lyoya killing raises questions about Boston Square developments, immigrant welcome plan

GRAND RAPIDS — Patrick Lyoya’s death took place in a Grand Rapids neighborhood long traumatized by icy police-community relations that’s also in the process of a major redevelopment to help overcome long standing underinvestment.

Published in Economic Development
Thursday, 21 April 2022 10:44

Survey: West Mich. biz outlook strong as companies eye expansions, recruiting woes ease

Business leaders voiced strong confidence in the West Michigan economy in a recent survey by economic development organization The Right Place Inc.

Published in Economic Development
Tuesday, 19 April 2022 12:11

Masks now optional for travelers, employees at Gerald R. Ford International Airport

Masks are now optional for passengers and visitors at Gerald R. Ford International Airport following a federal court ruling and announcement that the Transportation Security Administration will no longer require mask use.  

Published in Economic Development

Tuesday, 19 April 2022 11:45

Report: Sports tourism returns to pre-pandemic levels in Kalamazoo 

The city of Kalamazoo generated $15.4 million in economic impact from more than 40 different local, regional and national sporting events held in 2021, according to a new report. 

Published in Economic Development
Wednesday, 13 April 2022 13:06

The Rapid receives $15.8M in federal funding; plans Grandville HQ for paratransit service

Grand Rapids’ public transportation service will receive $15.8 million in federal funding meant to strengthen transportation in U.S. communities. 

Published in Economic Development
Monday, 11 April 2022 20:27

Newly promoted Gun Lake Casino CEO outlines vision for continued expansion

WAYLAND — In his four and a half years running Gun Lake Casino, Sal Semola has been an architect of growth in helping the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians strategically expand and solidify its gaming enterprise.

Published in Economic Development

Sunday, 10 April 2022 18:31

MiBiz Growth Report: April 11, 2022

Here is the MiBiz Growth Report for April 11, 2022.

Published in Economic Development
Sunday, 10 April 2022 18:26

New Ferris State president confronts declining enrollment, post-pandemic opportunities

Ferris State University recently tapped Bill Pink as its new president after he served in the same role at Grand Rapids Community College since 2017. Pink starts the position in June after being selected over 70 other applicants. He brings to the new role a firm grasp on the state’s economic needs based in part on his active roles in multiple regional and statewide economic development organizations. Pink recently shared his vision for leading Big Rapids-based Ferris State, including overcoming recent enrollment declines and seizing partnerships after a recent $115 million capital campaign.

Published in Economic Development
Sunday, 10 April 2022 18:11

$200K grant to help Michigan State Medical Society address health care disparities

$200,000 grant will back a Michigan State Medical Society initiative that looks to address racial and ethnic disparities in health care across the state.

Published in Economic Development

Sunday, 10 April 2022 18:06

Legal profession makes DEI gains as Grand Rapids market lags

A $20,000 Warner Norcross + Judd LLP scholarship for a second-year law student aims to promote greater diversity in the legal profession.

Published in Economic Development
Sunday, 10 April 2022 18:41

DEI experts say early education, listening, investing key to meaningful change

In the nearly two years since Minneapolis police killed George Floyd and sparked a national wave of civil unrest, the business community has responded with both internal and external commitments to diversity, equity and inclusion. 

Published in Economic Development
Sunday, 10 April 2022 18:49

ESG reporting becomes mainstream as companies seek investors, talent

SpartanNash Co. last month released its first Environmental, Social and Governance (ESG) report to track its corporate responsibility efforts, the start of what CEO Tony Sarsam called a “transformational journey” for the Byron Center-based grocery retailer and food distributor.

Published in Economic Development

Sunday, 10 April 2022 18:38

State prepares for hundreds of millions in broadband infrastructure funding

The $250 million that state officials plan to deploy through competitive grants to extend high-speed internet service represents the biggest push yet to address the digital divide in Michigan.

Published in Economic Development
Monday, 04 April 2022 12:24

Michigan Economic Development Corp. seeks deeper relationships with state’s tribes

When the Sault Ste. Marie Tribe of Chippewa Indians sought to establish its first 8(a) certified contracting company, the tribe’s economic development arm turned to a key partner within the state of Michigan for help. 

Published in Economic Development
Thursday, 31 March 2022 16:19

Tool and die, aviation companies plan Southwest Michigan expansions

Michigan economic development officials have approved performance-based grants for two companies planning $34 million in combined investments to create 77 jobs in Battle Creek and Benton Harbor Township.

Published in Manufacturing

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