City of Grand Rapids' 2017 economic development report

Jan 15, 2018

Credit Courtesy photo / grcity.us

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.

2017’s incentivized programs also generated an additional $839,000 in tax revenue. They also spurred the construction of 189 new housing units.

Patrick Center, WGVU News