Did you know Grand Rapids is among the fastest-growing local economies in the country? If you spent time with me or The Right Place recently, you certainly did. We’re beaming with pride about the collaboration happening to build and ensure a vibrant, growing city and region with opportunity for everyone. A rebounding business climate and strong placemaking has allowed diverse companies to flourish and find success here, while employing local residents in critical, good-paying jobs.
When it comes to economic development efforts in Michigan, practitioners and policymakers say it’s important to legislate the tools to attract and retain companies, not individual projects.
GRAND RAPIDS — In seeking to raise up to $50 million for its first fund, Grand Ventures I LP could soon add to the availability and accessibility of venture capital in Michigan.
Growing up in Kalamazoo, Rishi Makkar vividly recalls his father working nights mopping floors at a gas station while chairing the criminal justice department at Western Michigan University by day.
ADetroit-based nonprofit will manage a new statewide fund created to provide needed early-stage capital to startups in Michigan.
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.
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.
Economists expect Michigan to maintain economic growth in the coming year, albeit at a slower pace that will further tighten labor markets.
Mike Jandernoa leaves the board at Perrigo Co. plc next spring and in the process ends a link to the company’s past when it was a far smaller producer of medications in rural Allegan.
LANSING — The Michigan Economic Development Corp. could expand its toolbox of incentives under a proposed payroll tax abatement program.