2017

city of Grand Rapids logo
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.

gvsu.edu

West Michigan’s economy wrapped up 2017 with what is described as “solid growth” in December. WGVU takes a look at the number from last month’s Supply Management Research survey. The trajectory gives its author a good idea of what the local economy may bring in 2018.

“The general feeling is we could hit 3.5 percent growth rate as far as the year 2018 is concerned.”

Brian G. Long is director of Supply Management Research in the Seidman College of Business at Grand Valley State University.

“This will be our best year if this in turn comes to pass.”

gvsu.edu

West Michigan’s economy continued its positive growth pattern in September. WGVU breaks down the numbers in the recent Supply Management Research survey.

“This trend has continued through September and it appears right now to probably continue through the fall and possibly even into the next year.” That’s Brian G. Long, director of Supply Management Research in the Seidman College of Business at Grand Valley State University. He explains there are two areas of strength. The first is a rebound in auto sales both new and used.

GRPS

Grand Rapids Public Schools is getting the word out about its Annual School Choice Expo and Family Harvest Festival.

“We wanted to make it a fun family event, but also for parents to get that important school choice information.”

That’s John Helmholdt. Executive Director of Communications at Grand Rapids Public Schools.  They’re prepping for this year’s School Choice Expo, which will be held on October 19th.

gvsu.edu

The most recent Supply Management Research survey indicates the West Michigan’s economy is experiencing slower growth.

“This month we had a sharper drop in auto sales than we’ve had in any of the previous months this year.” That’s Brian G. Long, director of Supply Management Research in the Seidman College of Business at Grand Valley State University.

He explains July marked the sixth straight month auto sales have been down year over year. “That means that we are reaching that level of saturation that we all knew we were going to meet eventually.”

flickr.com

Gerald R. Ford International Airport is on pace to set a passenger record in 2017.

The end of 2017’s second quarter is in the books, and the folks keeping track of passenger activity at Gerald R. Ford International airport are taking notice of a record setting year.

It began back in March with the single busiest month in airport history. Then, last month, it checked in as the busiest June on record with the number of passengers up nearly 5.6 percent year-over-year. And that helped to cap off the busiest second quarter and first half ever recorded at GFIA.

gvsu.edu

West Michigan’s economy continued its steady growth into June. WGVU breaks down the data points highlighted in the most recent Supply Management Research survey.

What continues to be the strength of the Supply Management Research survey is the regions low unemployment.

flickr.com

Ford, General Motors and Hyundai say U.S. sales drops last month, apparently dragging the industry to its sixth straight month of declining numbers as auto sales slow from last year's record pace.

Ford says its sales declined 5.1 percent, while GM was off 4.7 percent. Korean automaker Hyundai says its sales dropped 19.2 percent.

Analysts are predicting an overall June drop of more than 2 percent when all the numbers come in today, even though Toyota, Nissan and Honda each report small sales gains.

gvsu.edu

West Michigan’s economy remains strong after two months of double-digit growth. But there are signs the Trump rally may be slowing. WGVU breaks down the latest Supply Management Research survey.

“We are at a two year high right now.” In particular, the Supply Management Research index for employment and new orders. “But we can’t expect that to continue. We have some industries in our area, namely automotive and office furniture that are at or near their two year highs themselves. As a result, we look forward to some slackening as far as the industry is concerned.”

flickr.com

Past and present public policies have a major impact on the disparities in child well-being in Michigan. That’s according to a report released Tuesday by the Michigan League for Public Policy.

According to the report, race, income and community are some of the biggest indicators of the wellbeing of Michigan children.

“We need to be thinking about policy reforms to institutions and systems that have created and continue to allow these inequities to continue,” said Kids Count in Michigan Project Director at the Michigan League for Public Policy, Alicia Guevara Warren.

Pages