The City of Grand Rapids recently released its 2017 economic development report. WGVU breaks down the numbers.
The City of Grand Rapids Economic Development Department reported 2017 activity for businesses utilizing City incentive programs and their benefits.
The economic development department number crunches say the programs generated $173 million in new private investment. The commitments created 835 jobs that, on average, paid a little more than $24 an hour.
By comparison 2015 and 2016 reported $200 million in new investment creating roughly 400 new jobs.
The world is experiencing a new industrial transformation. A new report by the Michigan Economic Center says the state is positioned to grow hundreds of businesses and tens of thousands of new jobs. WGVU talks with the report’s lead author about how Michigan can be a leader in emerging sectors.
“We benefited and helped lead one economic transformation, the great industrial economy.”
John Austin is Director of the Michigan Economic Center and lead author of a new report, “Jobs, Michigan, and Leadership in the Economy of Tomorrow”
A four-story, mixed-use affordable housing project is in the works for downtown Grand Rapids. Dirt is being moved near Grand Rapids Medical Mile. Along Michigan Street a number of homes have been demolished making room for Midtown CityZen; a four-story, 44-residential unit project offering affordable housing.
The 40,000 square foot development will also include space for a restaurant on its ground floor.