Business

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President Donald Trump is looking for advice from a range of lawmakers as he considers whether to impose trade sanctions on aluminum and steel imports.

The president is meeting at the White House with nearly 20 lawmakers, including a number of senators representing Rust Belt states like Pennsylvania, Ohio and Michigan.

Trump says the administration is "considering all options" but he's considering issuing "tariffs and/or quotas."

ridetherapid.org

The Laker Line has officially been given the green light with the approval of government funding. The Laker Line operating primarily along Lake Michigan Drive (M-45) will replace The Rapid’s Route 50 with bus rapid transit between Grand Valley State University’s Allendale Campus and downtown Grand Rapids Pew Campus – and – the Cooke Devos Center for Health Sciences along the Medical Mile.

WGVU spoke with the U.S. Representative who helped secure its funding.

“We think this is a justifiable expense that will really benefit the community.”

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.”

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.

pixabay.com

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.

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