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Crystal Ball (122)

Daniel Jones is entering into his sixth month at the helm of Haven of Rest Ministries in Battle Creek. His tenure followed a restructuring, the closure of one ministry, and staff reductions that decreased employment costs by 20 percent. Jones said these changes resulted in greater efficiencies and service delivery at a lower overall cost to the orgranization.

North American light vehicle sales should dip this year to around 17.1 million units, breaking a streak of seven consecutive year-over-year gains, according to Mike Wall of IHS Markit. But while he expects the market to contract further to around 16.9 million units next year, Wall believes the automotive supply chain is positioned to thrive.

Executives at Integrated Architecture had thought 2017 would be a year of “stabilization” and maybe even some slowdown for the firm’s commercial architectural projects. But according to Executive Vice President Mike Corby, that’s not been the case. The Grand Rapids-based firm with a strong focus on mixed-use apartment and commercial buildings sees the momentum only continuing to gain steam.

Tim Streit and McKeel Hagerty started venture capital fund Grand Ventures I LP in Grand Rapids last March and went on to make three investments during the year in companies in Ohio, Indiana and Michigan. Each of the deals were co-investments for Grand Ventures, which invests early-stage capital in technology startups in agriculture, manufacturing, mobility and transportation, as well as other industries in Michigan and the Midwest. A regulatory filing last spring indicated the venture capital fund planned to raise up to $50 million from investors.

West Michigan executives share outlook for 2017

Written by | Tuesday, 27 December 2016 13:09 |

For the annual year-end Crystal Ball edition, MiBiz asked executives from around West Michigan to share their outlooks for 2017, both for their industry and their companies.

EDITORS’ NOTE: Uncertainty Ahead

Written by | Sunday, 25 December 2016 20:00 |

In speaking with hundreds of business executives over the last couple of months, we heard plenty of different phrases to describe their overall bullishness: All-time record year. Double-digit growth. Expansion. New markets. New products.

Economists expect Michigan to maintain economic growth in the coming year, albeit at a slower pace that will further tighten labor markets.

President-elect Donald Trump will enter office in January with an economy that experts say is stable and growing, but one that could probably do better.

The Legislature’s 2016 lame-duck session was marked by both bipartisan agreement on tough policy issues as well as contentious attempts to solve ongoing state problems that nonetheless split along party lines.

As they worry about talent and uncertainty, executives from a cross-section of industries voiced optimism in the pro-business policies pushed by President-elect Donald Trump. 

If you approach Republican U.S. Rep. Justin Amash with requests for favors for projects in Michigan’s Third Congressional District, he wants you to know that you’re likely wasting your time. As a staunch supporter of limited government and defender of civil liberties begins his fourth term in the U.S. House of Representatives, Amash is more than happy with the economic growth happening in the district he represents. But that doesn’t mean he’s about to start earmarking federal dollars or doing one-off favors for the area’s business community. In an exclusive interview with MiBiz, Amash said his job is to defend the Constitution and fight for liberty for all citizens, a position he acknowledges could put him at odds with fellow Republicans and President-elect Donald Trump. 

As coal-fired power plants in West Michigan harbor towns along Lake Michigan get decommissioned, cities like Holland and Muskegon have worried they’ll lose out on federal dredging support, the allocation of which is based on meeting a tonnage threshold for commercial freight at each harbor. That’s why Republican U.S. Rep. Bill Huizenga from Michigan’s Second Congressional District was happy to get funds to continue dredging as part of the most recent federal funding initiative.

2016 wasn’t an easy year for Gov. Rick Snyder. But even with Democrats’ near-daily calls for his resignation because of the ongoing Flint water crisis, the businessman-turned-politician still maintains his trademark “relentlessly positive” attitude. With about two years left in his second term, Snyder told MiBiz he remains focused on skilled trades training and tackling issues related to the state’s beleaguered infrastructure. 

In wrapping up her first “whirlwind” year as mayor of Grand Rapids, Rosalynn Bliss aims to build off of the work she started as she looks ahead to 2017. In the new year, Bliss hopes to move the needle on initiatives related to affordable housing and addressing long-standing racial disparities in the city. Additionally, the mayor believes that 2017 will be the year where visible work commences on restoring the rapids to the Grand River. 

Moving into 2017, Democratic U.S. Sen. Gary Peters plans to focus his efforts on cultivating Michigan as a hub for autonomous vehicle technology. For Peters, the state’s future hinges on growing Michigan’s ability to attract investment in autonomous technology. On the other hand, Peters worries that the president-elect’s hands-on economic development policies could leave behind small businesses in the state and elsewhere in the country. Peters spoke with MiBiz about his views on the year ahead and the challenges 2017 may bring.  

As Michigan’s senior U.S. Senator, Debbie Stabenow plans to continue focusing on issues pertaining to small businesses, manufacturing and agriculture. Going into 2017, Stabenow expects to work on legislation that would improve tax credits for small manufacturers, as well as prepare to draft the upcoming Farm Bill. Stabenow spoke with MiBiz about her priorities and outlook for the upcoming year. 

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