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ICYMI :Michigan Business Beat | Travis Alden, The Right Place - Pairs with Strategic Site Readiness Program

Michigan Business Beat
March 1, 2024 5:00 PM

Chris Holman welcomes Travis Alden, Senior Director of Community Development, - The Right Place, Grand Rapids, MI.

For context the discussion covers a project to develop a 237-acre parcel in Lowell Charter Township into a commercial and industrial campus was one of 18 projects to receive funds at the end of January from the MEDC’s new Strategic Site Readiness Program.

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Employers to Benefit from New Kinexus Group Acquisition of HR Collaborative

Michigan Business Network
March 1, 2024 1:00 PM

BENTON HARBOR, Mich. – An acquisition was announced today that will bring HR professionals and workforce experts together to offer an array of services to support employers across Michigan in a big way. The team at Kinexus Group announced today that they have officially acquired HR Collaborative, a
west Michigan-based, women-led community of fractional HR professionals, to meet unmet demand and to serve more employers than ever before.

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PNC Chief Economist Gus Faucher: Inflation Accelerates in January,

Michigan Business Network
February 29, 2024 6:00 PM

With Small Increases in After-Tax Income, Consumer Spending

•                 Inflation accelerated in January on a month-to-month basis, both core and overall. But both types of inflation slowed a on year-over-year basis.

•                 There was a big jump in personal income, but that was largely offset by a big increase in tax payments. Adjusted for inflation after-tax income was flat.

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The Right Place | Kentwood Mfr. Investing $30m to Add 37 Jobs & Expand HQ Location

Michigan Business Network
February 29, 2024 2:00 PM

High-quality snack food company to add 37 jobs and $29.9 million in capital investment to expand headquarters

(GRAND RAPIDS, MI) - Today, The Right Place, Inc., in collaboration with the Michigan Economic Development Corporation (MEDC) and the City of Kentwood, announced SnackCraft will be expanding its headquarters at 4444 52nd St. in Kentwood, creating up to 37 new jobs and $29.9 million in capital investment.

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PNC Senior Economic Advisor Stuart Hoffman: Initial Jobless Claims Rose by 13,000 in Late-February

Michigan Business Network
February 29, 2024 1:00 PM

and Continuing Claims Jumped by 45,000

•                 Initial claims for unemployment insurance rose by 13,000 to 214,000 in the week ending February 24. The four-week moving average declined modestly to 213,000.

•                 Continuing claims jumped by 45,000 to 1.905 million in the week ending February 17 and the four-week moving average rose by 3,000 to 1.88 million.

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Treasury: Calculation of State Individual Income Tax Rate Adjustment for 2024 Tax Year

Michigan Business Network
February 28, 2024 5:00 PM

Revenue and Inflation Conditions Not Present for a Rate Reduction

LANSING, Mich. – State Treasurer Rachael Eubanks, Senate Fiscal Agency Director Kathryn Summers and House Fiscal Agency Director Mary Ann Cleary today published their calculation about whether an individual income tax rate adjustment is statutorily required for the 2024 tax year.

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PNC Survey Shows Business Owner Optimism Continues to Soar

Michigan Business Network
February 28, 2024 1:00 PM

PNC’s latest semi-annual survey of small- and mid-sized businesses, which concluded Feb. 2, shows that business owner optimism about economic conditions over the next six months has reached a 22-year high amid lessening fears of a recession.  

If you would like more detailed analysis and how this data relates to the improving, economy, I would be pleased to provide you with additional results and arrange for you to speak with a PNC economist.

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SBAM Recognizes Six Legislators for 100 Percent Pro-Small Business Voting Record in 2023

Michigan Business Network
February 28, 2024 11:00 AM

Small business owners thank lawmakers for working to ease tax burdens, support antidiscrimination in the workplace, and promote broad economic growth

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The Right Place | Local International Assistance Program Aids Italian Firm in Opening a U.S. Office in Downtown GR

Michigan Business Network
February 28, 2024 10:00 AM

The Right Place assists Italian energy conversion company with locating Midwest business development office in Grand Rapids

GRAND RAPIDS, Mich (Feb. 27, 2024) – TuesdayThe Right Place, Incannounced that Italian waste-to-energy conversion company EBC Energy will be opening its first Midwest business development office at 109 Michigan St. NW at The Bridge inside Michigan State University’s Grand Rapids Innovation Park.

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MITA | Poll: Michigan Voters Want Taxes Collected at the Gas Pump to be Fully Dedicated to Funding and Fixing Roads and Bridges

Michigan Business Network
February 27, 2024 11:00 AM

LANSING, Mich. – Rob Coppersmith, executive vice president of the Michigan Infrastructure & Transportation Association (MITA), issued the following statement following the release of an EPIC-MRA poll showing that Michigan voters overwhelmingly want all taxes collected at the gas pump to be dedicated to funding and fixing Michigan’s roads and bridges:

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