economy

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

West Michigan’s economy continued its strong performance in April. The Supply Management Research survey indicates the local economy will remain robust into the summer months reinforcing the area’s low unemployment.

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.

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.

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

The first survey for 2018 has been recorded and the West Michigan economy is off to a better than expected start. The national and local economies are heating up with the passage of federal tax reform.

“We knew that the tax cuts would have a positive effect on the economy and stock market but because the markets seem to be hungry for some reason for optimism the growth turned out to be a little bit higher in response to the tax bill that finally did get passed and finally is being implemented.”

The Right Place 2018 Economic Outlook for West Michigan is forecasting a strong economy in 2018. The forecast was made Thursday morning at the Amway Grand Plaza Hotel in Grand Rapids. Providing the forecast was Dr. Jim Robey of the W.E. Upjohn Institute for Employment Research. He says, while it will remain strong into 2018, it will be for the West Michigan economy to keep the pace it grew in the previous year.  

The Grand Rapids area is one of dozens of North American cities competing to land Amazon's second headquarters. Birgit Klohs, President of regional economic development organization The Right Place, says her organization recently submitted a 108-page proposal to the online shopping giant in the hopes of luring Amazon to West Michigan.

Klohs recently spoke with WGVU, and discussed how crafting the proposal was different from other applications.  

Wikimedia Commons

The retail giant Amazon is looking for a second home. That could mean thousands of jobs and a new economic anchor for a city. While cities like Denver and Atlanta are competing, leaders in some smaller cities think they have a shot - if only they can get Amazon's attention.

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

Gas pump station
Anthony Inswasty via Wikimedia | CC BY 3.0 / Wikimedia.org

AAA Michigan says gas prices statewide have fallen by about 6 cents per gallon in the past week. The Dearborn-based auto club says late Sunday the average price for self-serve regular unleaded gasoline was about $2.42 per gallon. That's about 9 cents more than at the same point last year. AAA says the lowest average price was about $2.32 per gallon in the Saginaw, Bay City and Midland areas. 

Business Buzz

Jul 18, 2017
Grand Rapids Business Journal

Business Buzz, Gemini Publication's Carole Valade joins us to share details on local business news, including a cross lake shipping update, Holland's new downtown movie theatre, and the economic impact of the Grand Rapids Griffins hockey team.

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