Business

Mark Sanchez
Courtesy photo / LinkedIn.com

Owners of West Michigan cideries and distilleries talk about growth and appeal. Hospital systems seeking savings are disrupting the health care sector with innovative ideas.

flickr.com

The Economic Club of Grand Rapids hosted an education panel this week. The topic: "Michigan Lagging Behind Nationally." WGVU spoke with one forum participant, the president and CEO of Business Leaders for Michigan.

“People feel there may be a problem with our education system but not their school.”

The data says otherwise. Doug Rothwell is president and CEO of Business Leaders for Michigan. He explains regardless of demographics, statewide K-12 education is failing.

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The U.S. stock market slid 8.5 percent yesterday from its record high in early January. At one point Monday the market dropped more than 1,600 points. The causes for the market plunge range from creeping signs of higher inflation and interest rates to overvaluation and wage increases.

There’s also the theory of computer algorithms triggered the selloff.

‘You know it will be awhile before we know who the real perpetrators of this selloff.”

gvsu.edu

Grand Rapids Medical Mile will receive some parking relief come the year 2021. What is currently a pair of surface parking lots owned by Grand Valley State University and Spectrum Health System will be transformed into a six-level parking decking with room for more than 1,200 parking spaces.

The parking deck at 333 Michigan Street is a part of GVSU’s $70 million construction next to Grand Valley's Cook-DeVos Center for Health Sciences. The new building will house health professions and nursing programs.

Axis Company

Axis Company builds robotic automation and assembly equipment. As the economy grows and demand for its products increases leadership had a decision to make; expand in Grand Rapids or look outside the state for a new, second location.

The temptation was to move closer to one of its major out-of-state customers. Instead, Axis will stay in Kent County. It plans to invest $4 million at a location to be determined and over the next three years, add 50 high-tech jobs.

Business Buzz

Jan 16, 2018
Carol Valade photo
Gemini Publications

Business Buzz with Gemini Publications' Carole Valade.

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.

John Austin,

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”

Third Coast Development

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.

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The majority of Michigan voters say fixing the state’s infrastructure is the number one problem lawmakers need to address. That is the finding in a recent poll conducted in December.

Fix MI State is a campaign organized by the Michigan Infrastructure & Transportation Association. It asked Lansing-based Epic-MRA to survey 600 registered Michigan voters asking what they think is the top problem facing the state?

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