rss icon

GRAND RAPIDS — The growth of foundations and an unprecedented transfer of wealth are among trends the nonprofit sector will need to watch in the coming year. 

With the first year under his belt, Cedar Springs Brewing Co. founder and Director of Happiness David Ringler says he’s pleased the company has surpassed its initial projections. The brewery should end the year having produced about 800 barrels of mostly traditional German-style beer, including Küsterer Original Weißbier, which won a bronze medal in the Great American Beer Fest earlier this year. Ringler hopes to add some new equipment to boost production and distribution in the coming year, “but we have no ambitions of growth at all cost.” 

The expansion in the hard cider market cooled last year, with the industry growing just 10.8 percent — a far cry from the 71 percent reported in the prior period, according to market research firm Nielsen. But Andy Sietsema takes those national market trends with a grain of salt, largely because they don’t count craft cideries like Sietsema Cider LLC in their research. “Sales out of our place were up 23.5 percent through this fall,” he said, noting that he also hopes to add two new distribution markets in 2017. According to Sietsema, “constant education” remains a key factor in the industry’s continued growth, even if it’s at a more sustainable rate.

Byron Center-based Pilot Malt House LLC, a supplier of malted grains to the beer and distillery industry, has experienced only growth since its founding in 2012. In that time, the company has expanded from 10 acres to 3,000 acres of barley and could break the 4,000-acre mark in 2017. Earlier this year, Pilot Malt signed a deal with ingredient supplier Country Malt Group to have its products distributed nationwide, which could open new possibilities for continued growth, according to founder and President Erik May. He told MiBiz he’s bullish on the craft beer and distilling industries, even as some signs of weakness emerge. 

Like many economic development leaders, Jennifer Owens of Lakeshore Advantage says talent concerns remain a key issue for businesses in 2017. Aside from attracting outside businesses, the organization primarily will focus on training, recruiting and retaining talent next year, she said. To do that, Lakeshore Advantage is pushing a campaign that promotes the region’s leisure opportunities as a way to attract workers. Owens told MiBiz to expect accelerated growth from manufacturers of automation equipment in the coming year and said she’s also “very bullish” on the food processing sector. 

Steve Arwood hopes to double down on Michigan’s talent attraction and retention efforts in 2017. The CEO of Lansing-based Michigan Economic Development Corp. sees the demand for skilled workers all over the state and hopes that his organization can help to create an effective talent pipeline. Moreover, the MEDC sees itself playing a large-scale role in the state’s development of high-technology transportation. 

When it comes to the economy in 2017, Grand Valley State University’s Paul Isely largely expects business as usual. However, the associate dean and professor of economics at the Seidman College of Business notes that rising wage pressures on businesses may start pulling the economy into a recession in 2018. While he expects the economy to remain robust, Isely told MiBiz he worries what the incoming presidential administration’s trade and immigration policies could do to businesses in West Michigan in 2017 and beyond. 

While Michigan economic developers have long focused on attracting businesses to the state, Dean Whittaker believes those organizations will increasingly need to focus instead on talent attraction. The president of Holland-based Whittaker Associates Inc. spoke to MiBiz about how a lack of available talent could affect companies and what’s being done to attract more workers to Michigan. 

Talent will continue to reign as the top issue Southwest Michigan First needs to tackle in 2017, according to CEO Ron Kitchens. He believes that the future of communities will depend on their ability to attract and retain Generation X and Millennial workers. To do that, his organization plans to integrate some of its employees into universities around the region, advocate for affordable downtown housing and promote an “open culture,” he said. Kitchens spoke with MiBiz about how economic developers’ jobs are shifting to focus on talent. 

In 2016, The Right Place Inc. attracted $240.6 million in new capital investment through 19 projects across West Michigan. Although the Grand Rapids-based economic development organization fell short of its three-year goals for jobs and payroll growth, President and CEO Birgit Klohs remains optimistic about Michigan’s economy. Klohs expects to attract more high-tech jobs and industries to the state while continuing to work with companies to find available talent in the region. Klohs discussed with MiBiz some of the issues that West Michigan employers and economic development professionals will face in the coming year. 

2017 Outlook: John Irwin, Huntington Bank

Written by | Sunday, 25 December 2016 17:20 |

Huntington National Bank’s West Michigan president, John Irwin, sees more certainty and confidence in the marketplace following the November presidential election. He expects West Michigan’s economy to continue rolling along in 2017. According to Irwin, among business leaders he speaks with, “everyone’s hopeful about the future and what’s going to happen here with this administration” of President-elect Donald Trump and the potential for lower business taxes. They’re also bullish on the prospects to roll back federal regulations on business. Irwin also doubts that higher interest rates will alter the course of the economy.

United Bank of Michigan President and CEO Michael Manica believes the economy was already on track for a good year in 2017. But the election of Donald Trump as president and his pro-business policies should boost the U.S. and the West Michigan economies higher, Manica said. A slow-growth economy that continues “without any signs to become considerably more vibrant” would surprise Manica in 2017. The Grand Rapids-based United Bank has 12 offices in West Michigan — six in Kent County, four in Allegan County and one each in Ionia County and Ottawa County, where a Jenison branch opened earlier this year. The bank had total assets of $596.2 million as of Sept. 30, up 15.8 percent from a year earlier, and deposits totaling $444.4 million, a 10-percent increase.

Kelly Potes took over in June as CEO at ChoiceOne Financial Services Inc., the parent company of ChoiceOne Bank, adding to his duties as president. During 2016, ChoiceOne Bank opened a lending office in downtown Grand Rapids and may follow up in the future with a full-service branch. The Sparta-based ChoiceOne has 12 offices in rural Kent, Ottawa, Muskegon and Newaygo counties with total assets of $598.6 million as of Sept. 30. 

Hope Network CEO Phil Weaver expects a “great year” for the Michigan and U.S. economies in 2017, although he worries about uncertainty created by the likely repeal of the Affordable Care Act or significant changes that may occur to the program. The Grand Rapids-based Hope Network provides neuro-rehabilitation for people with brain injuries, behavioral health care, and services and housing for people with a developmental disability. Hope Network employs about 2,800 people statewide and has an annual operating budget of about $140 million.

Health care moves into a period of uncertainty next year, with the Patient Protection and Affordable Care Act facing repeal or replacement under incoming President-elect Donald Trump, who takes office along with a Republican-controlled Congress. Enactment of the ACA meant that starting in 2010, Michigan hospitals would forgo $7 billion over a decade in Medicaid and Medicare payments from the federal government in exchange for expanded coverage, said Laura Appel, senior vice president and chief innovation officer at the Michigan Health & Hospital Association. Appel expects the coming debate over the ACA to dominate health care in 2017.

Page 6 of 21

Breaking News

February 2018
S M T W T F S
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 1 2 3

Follow MiBiz