Local officials say it’s tough to tell in one year whether a major public transportation project in Grand Rapids constitutes a full-on success.
Despite growth in the U.S. economy, both long-term and short-term macro issues remain. That’s according to Rick Mattoon, a senior economist and economic adviser at the Federal Reserve Bank of Chicago. Years into the recovery, a number of key economic indicators aren’t as strong as they were coming out of past recessions, Mattoon said. While many economists predicted the United States could experience 3 percent growth in 2015, the country is on track for only about 2.2 percent to 2.4 percent GDP growth because of a variety of factors, he said. After speaking at an event sponsored by the West Michigan chapter of the Turnaround Managers Association, Mattoon shared with MiBiz his take on the state of the U.S. and regional economies.
Despite the numerous economic development programs aimed at attracting new businesses to Michigan, state and regional organizations could do more when it comes to helping companies focused on the triple bottom line business model.
Here is the MiBiz Growth Report for Oct. 12, 2015:
Here is the MiBiz Growth Report for Sept. 28, 2015.
The Michigan Economic Development Corp., the quasi-governmental agency tasked with supporting business attraction and retention efforts in the state, needed to reorganize with layoffs in the wake of a sizeable budget shortfall.
Business groups in Lansing and West Michigan have a full legislative agenda this fall, with at least five topics they hope lawmakers will take action on and two ballot initiatives they hope Michigan voters will reject. While road funding and contentious ballot initiatives may be grabbing the most headlines, business groups also remain focused on fundamental issues involving third-grade reading and even how state agencies deal with unclaimed property.
Here is the MiBiz Growth Report for Sept. 14, 2015.
As ArtPrize has grown each year in numbers, so too has the scale of many of the projects. SiTE:LAB’s annual, site-specific art installation is evidence of this. Each year, SiTE:LAB works with its curators and a group of global artists to take over a building for the duration of ArtPrize, allowing them to create a piece of art that complements the site.
Here is the MiBiz Growth Report for Aug. 31, 2015.
LANSING — Business advocates and public-policy researchers say there is a major hole in Michigan’s legislative process that leaves businesses, individuals and local units of government unsure of the costs that might come with new laws.
MUSKEGON — A new report shows continued, modest jobs growth for Muskegon County.
In an early August primary election against three other candidates, Grand Rapids second ward city commissioner Rosalynn Bliss, 40, captured a majority (66 percent) of the vote, enough to avoid a runoff, secure a victory and become the city’s first female mayor. The mayor-elect will focus now on ensuring a smooth transition as the term-limited Mayor George Heartwell steps down in December.
A new statewide study aims to assess how creative industries contribute to the Michigan economy.
Here is the MiBiz Growth Report for Aug. 3, 2015: