Business

Rapid Silver Line bus
ridetherapid.org

Members of the American Public Transportation Association are in Washington this week. That includes the CEO of Grand Rapids’ Interurban Transit Partnership. Peter Varga, CEO of The Rapid is speaking to Congress on behalf of the American Public Transportation Association.

APTA says the Trump Administration is proposing deep cuts to public transportation funding to help fund its proposed $200 billion infrastructure initiative. Varga is making the case investing in public transit supports economic growth and creates jobs.

Michigan officials have shuttered 40 medical marijuana businesses across the state.

The Detroit Free Press reports that the state Department of Licensing and Regulatory Affairs started the process Thursday of closing down facilities that are operating illegally and haven't submitted applications for a license.

Wikimedia Commons

Earlier this month, Grand Valley State University's Van Andel Global Trade Center hosted its 19th West Michigan Automotive Suppliers Symposium.

Mike Wall, director of automotive analysis for IHS Markit, presented during the annual event. He spoke with WGVU about the future of autonomous vehicles and mobility along with NAFTA renegotiations and the potential impacts of steel and aluminum tariffs. But first, the automotive industry forecast.

Senior citizens
Candida Performa via Wikimedia | CC BY 2.0 / Wikimedia.org

Roughly 29 percent of American households aged 55 and older have neither retirement savings or pension plan. For those who do, the savings averages $104,000. With Americans living longer the reality is the savings won't go far.

For perspective and advice we talk with Elizabeth White author of "Fifty-five, Unemployed and Faking Normal."

Wikimedia Commons

The 7th round of North American Free Trade Agreement talks have come to an end. One renegotiation sticking point involves automotive production and what is called the “country of origin” provision. Can U.S. demands be met? WGVU recently spoke with an automotive analyst and the Consul General of Canada to find out.

Under the rules of origin, Douglas George, Consul General of Canada explains NAFTA trade bloc partner products must contain 62.5 percent of regional content in order to qualify for no tariff.

“Which is the highest in any trade agreement in the world.”

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

West Michigan’s 2018 economy got off to a strong start in January and February was even better.

Traditionally, West Michigan’s economy experiences the winter blues in February. It either flattens out or slides just a bit, but not this year. Brian G. Long is director of Supply Management Research in the Seidman College of Business. He explains with the recent passage of the tax law the local economy accelerated backed by firms specializing in capital equipment or export.

Grand Valley State University

President Donald Trump isn't budging on his international tariff stance so far despite remarkably public pleadings from House Speaker Paul Ryan and other Republican allies to back off his threat and avoid a possible trade war.

Trump says, "We're not backing down." But he's holding open the possibility of exempting longstanding friends Canada and Mexico if they agree to better terms for the U.S. in revising the North American Free Trade Agreement.

flickr.com

President Donald Trump says "we're not backing down" on his push to impose tariffs on imported steel and aluminum despite criticism from fellow Republicans. WGVU’s Patrick Center spoke with an economics professor about those tariffs - and the potential for a trade war – and what its impact could have on Michigan consumers and industry.

“Here in Michigan we make cars. We’re good a t making cars. We make a lot of them.”

Dr. Paul Isely is currently the Associate Dean for Undergraduate Programs in the Seidman College of Business at Grand Valley State University.

Pixabay | CC BY 2.0

In a recent poll commissioned by Michigan NORML, which is the Michigan Chapter of the National Organization for the Reform of Marijuana Laws, indicates a majority of state voters are in favor of legalizing marijuana.

Business Leaders for Michigan, a business roundtable of the state’s executives and university leaders, has released its latest quarterly forecast predicting the enactment of the federal tax reform bill will be benefit to Michigan’s economy. WGVU takes a look at the numbers.

A Business Leaders for Michigan survey indicates companies will increase their capital investment with 52-percent of respondents expecting their companies will do just that.

Pages