Displaying items by tag: economic development
Over the next five years, CEO Tom Wilbur plans to build Grand Traverse Economic Development into a $100 million diversified portfolio of eight to 10 firms capable of capturing federal and state contracts.
With the acquisition this year of a Charlevoix-based defense contractor, Grand Traverse Economic Development is executing on the initial steps of its investment strategy to diversify revenues for the Grand Traverse Band of Ottawa and Chippewa Indians away from gaming. If all goes to plan for Traverse City-based GTED, the sovereign tribe’s non-gaming commercial investment arm intends over the next decade to build a $1 billion portfolio of companies, almost entirely focused in some way on government contracting.
An appeals court ruling upheld the ability of employers to withdraw job offers to people who failed a pre-employment drug test, even if they are a legal user of medical marijuana. In a case involving the City of Lansing and its utility, the Lansing Board of Water and Light, the Michigan Court of Appeals this week ruled that employers may withdraw a just offer from prospective at-will employees.
GRAND RAPIDS — Legislation expected to be reintroduced this session could address the question of whether downtown residential property owners should help pay for the services currently funded only by assessments on commercial businesses. Although former Gov. Rick Snyder vetoed similar legislation, lawmakers could revive bills this year that would allow local taxing authorities to decide whether residential owners in business improvement districts should also pay the assessments that commercial property owners pay.
GRAND RAPIDS — A proposed contract between Start Garden Inc. and the Grand Rapids SmartZone would put in place new goals for fostering local tech startups. Rather than focusing on certain activities, the proposed contract establishes outcomes such as adding 10 new tech startups annually to the SmartZone service area, with six of those companies over two years owned by minorities or women, and providing service to 15 startups a year through its business incubator on Pearl Street in downtown.
The Republican-led state Legislature has rejected an executive order from Gov. Gretchen Whitmer that would have abolished a pair of controversial environmental review boards.
The Grand Rapids Whitewater nonprofit has secured $4.4 million in new public and foundation funding for its restoration efforts of the Grand River through the city.
State lawmakers are trying for a third consecutive session to codify rules over property tax assessments that municipalities say have cost them millions of dollars in revenue.
Grand Valley State University economist Paul Isely still believes the U.S. economy could dip into a recession within a year, although West Michigan is likely to experience a “soft landing.”