Business

Ford Motor Company emblem
Wikimedia Commons

Ford says it won't be moving production of a hatchback vehicle to the United States from China - despite President Donald Trump's claim that his taxes on Chinese imports mean the Focus Active can be built in America.

Citing Trump's new tariffs, Ford on Aug. 31 said it was dropping plans to ship the Focus Active from China to America.

Trump took to Twitter Sunday to declare victory and write: "This is just the beginning. This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!"

The Rapid DASH
Experience Grand Rapids

It’s being dubbed as a first-of-its-kind, public-private partnership providing downtown Grand Rapids bus users with a free ride.  The fare-free rides are a product of three partners with a vision for improving bus service and access.

The Rapid, the City of Grand Rapids and Spectrum Health are partnering in an effort to increase The Rapids Route 19 ridership while reducing traffic and parking congestion along the Michigan Street corridor. The three partners are behind free-fares that are now in effect.

Mark Sanchez
Courtesy photo / LinkedIn.com

Metro Health - University of Michigan Health announce new President and CEO. Credit unions offer investment services. Grand Angels raising up to $25 million for new VC fund.

Come in We're Hiring sign
Pixabay

Michigan's unemployment rate fell by one-tenth of a percentage point to 4.3 percent in July.

Figures released Wednesday by the Michigan Department of Technology, Management & Budget show Michigan's jobless rate was four-tenths of a percentage point higher than the national rate of 3.9 percent last month and two-tenths of a percentage point higher than the state's July 2017 rate of 4.5 percent.

The agency says total employment in Michigan increased by 6,000 during the month while the number of unemployed fell by 7,000.

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

West Michigan’s economic growth slowed in almost every sector in July. That’s the readout from the latest Supply Management Research survey. The findings indicate it’s in response to sweeping tariffs.

“Our index of new orders which had been very positive flipped to the negative position for the first time in 18 months.”

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

A group of 12 individuals and organizations whose projects aim to strengthen their communities have been selected for a Detroit-area talent development program.

The New Economy Initiative says its Detroit Innovation Fellowship will promote and invest in so-called social entrepreneurs in Detroit, Hamtramck and Highland Park.

Nine projects will receive $10,000 each. Participants also have access to professional development and mentoring.

Mark Sanchez
Courtesy photo / LinkedIn.com

Manufacturers identifying intellectual property risks are making cybersecurity investment. An all-woman VC is seeking $20 million from investors. Spectrum Health makes its largest acquisition with Lakeland Health deal.

Rendering of the affordable housing in Belknap Lookout neighborhood.
GVSU University Communications

More affordable housing is coming to Grand Rapids and the Belknap Lookout neighborhood. Grand Valley State University and the City of Grand Rapids are working on a Memorandum of Understanding with neighborhood representatives.

Grand Valley State University will lease .85 acres of its Grand Rapids health campus to Three CPK, a joint venture of Third Coast Development and PK Housing.

On Tuesday, The Rodriguez-Garcia and Espinosa Family were one of the ten contestants out of 100, who received $20,000 in the 100 Ideas, a citywide pitch competition launched by Start Garden. What made them win – you might ask. Their start-up business, Soldadera Coffee a family owned small business whose goal is to bring a cold brew to the community. 

Mario Rodriguez takes care of the general management of the company, explains that the inspiration behind the coffee is their Grandmother Cristina, a social and political activist from Mexico. 

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

“Solid growth” is the term best used to describe West Michigan’s economy for the month of June. Some of the lowest unemployment in the state can be found in the region. But heading into July the folks at Supply Management Research will be keeping a close watch on a growing tariff war and how it may be impacting local industries.

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