economic development

Lansing
11:38 pm
Mon August 22, 2011

Lansing voters will decide future of eastside parkland

(photo by Steve Carmody/Michigan Radio)

Lansing voters will decide in November if the city can sell 12 acres of city parkland for future private development. A divided city council last night agreed to put the question on the ballot. There's no developer or actual plan on the table yet for the Red Cedar golf course land. 

Bob Trezise is the president of the Lansing Economic Development Corporation. He says the making the land available will help the city market it to potential developers.  

“It strikes us as a great area to try to develop."  

Several city council members questioned whether the city should focus on getting previous economic development plans working before starting new ones. Councilman Eric Hewitt voted against moving the parkland sale before the voters. He says the city's track record in similar projects is not good.  

"We’ve had all these other ‘visions’…we’ve had lots of ‘gateways’…but none of them have seemed to come about.”

Mayor Virg Bernero says the proceeds of the sale of the Red Cedar land could be channeled into improving Lansing's other city parks.

Lansing
1:01 am
Mon August 22, 2011

Lansing city council may consider sending golf course question to voters tonight

Artist's conception of possible changes to a portion of the Red Cedar golf course.
(courtesy of the Lansing Economic Development Corp.)

The Lansing city council may agree tonight to ask voters to decide if part of a closed city golf course can be sold.   The land is being eyed for future business development. 

The proposal to sell part of the closed Red Cedar golf course has been stuck in a Lansing city council subcommittee since last spring.    Some council members said they wanted more information. 

City Council President A’Lynne Robinson is optimistic the council can get it unstuck this week.  

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Economy
1:11 pm
Mon August 15, 2011

Lansing city council to discuss the future of an old golf course tonight

In this artist's conception of future development along Michigan Avenue in Lansing, buildings on the south side of the road will take up a portion of the Red Cedar golf course
(Courtesy the Lansing Economic Development Corp.)

Lansing city council members tonight will discuss whether to ask voters to approve the sale of 12 acres of city park land for a future economic development deal.  The mayor’s office wants to include the Red Cedar golf course as part of a multi-million dollar development along US 127.  

The development is just speculative as this point, since the city has not settled on a developer or a specific plan.  Bob Trezise is the president of the Lansing Economic Development Corporation.  He supports making the land available for development.

“This is very neglected that shouldn’t be the way it is.  Its many vacant properties.  It’s a golf course that’s not a golf course anymore....nor is it even a park.”

The city council is being asked to put the potential sale of the old golf course on  the ballot in November.

Here's an artist's conception of future development along Michigan Avenue in Lansing from the Lansing Economic Development Corporation:

Auto/Economy
3:22 pm
Fri August 5, 2011

West Michigan groups teaming up to attract businesses, jobs

A former GM stamping plant in Wyoming would be a good candidate for the special incentives. US-131 and a railway line run right next to the property.
Lindsey Smith Michigan Radio

Two economic development groups, one from Grand Rapids and another in Muskegon are asking the state of Michigan to approve a regional economic development corporation. It could provide marketing and tax incentives for a narrow purpose; to attract businesses that need property with two or more modes of transportation.

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Investigative
10:14 am
Tue August 2, 2011

Nobel economists mixed on taxes and jobs equation

Rick Snyder said the Michigan Business Tax was bad for business. 

 “I propose replacing it with a flat six-percent corporate income tax.  Let’s take a job-killer environment; let’s start creating jobs.”

He said it on the campaign trail.  He made the point to business leaders.

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Economy
10:39 am
Fri February 25, 2011

Gas prices & Michigan retailers

Rising gasoline prices threaten to take some of the optimism out of a rosy new forecast for retail sales in Michigan.  A recent survey of Michigan retailers finds 76% expect to see their sales improve this spring. 

  Good holiday sales are lifting many business owners expectations for the year ahead. 

Tom Scott is with the Michigan Retail Association. Scott says the survey was taken before gasoline prices spiked this week.   He says high gas prices could be a problem for retailers.

 “But the bigger concern, more than just their own delivery trucks, is generally the effect on consumers.  And of course, every dollar a consumer puts in his or her gas tank is a dollar that can’t be spent at the store.”

Scott says a few years ago when gas prices reached four dollars a gallon, retail sales dried up.  But he says pent up consumer demand may keep the customers coming, even with high gas prices.

Public transportation
4:57 pm
Wed February 16, 2011

Obama’s budget includes money for ‘Silverline’ rapid bus transit

Public transportation officials in Grand Rapids are excited about one detail in President Obama’s budget announced this week. A proposed rapid bus transit system in Grand Rapids is one of ten new construction projects that Obama would like to fund in 2012.

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Investigative
9:43 am
Fri February 11, 2011

Economic gardening? What's that?

Michael Finney - As CEO of the Michigan Economic Development Corporation, he's the state's chief "economic gardener."
Photo courtesy of Inforummichigan.org and Peplin Photographic (larrypeplin.com)

When the Governor gave his State of the State speech, I was standing on the crowded floor of the House of Representatives.  Governor Rick Snyder outlined his plans to get Michigan back to work.  We all listened as he said the Michigan Economic Development Corporation would lead the way.

“The MEDC will recalibrate its efforts and become a better partner with these regional groups to enhance economic gardening, talent enhancement, and support service to companies.”

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Environment
11:33 am
Thu February 10, 2011

Grand Rapids puts a price tag on city trees

Grand Rapids is trying to take better care of its city trees.
Photo courtesy of Fellowship of the Rich, Flickr

The City of Grand Rapids is working to revive its urban forest. Lindsey Smith visited the committee in charge of the effort to find out how things are going.

Three things to know about trees in Grand Rapids:

  1. The committee values the 61,000 trees within the city’s boundaries at $71 million.  (How'd they get that number?  It's based on the benefits trees provide: capturing storm water runoff, increasing property values, improving air quality and reducing heating and cooling costs for nearby buildings.)
  2. In 2010, more than 1,500 trees were planted in Grand Rapids.
  3. This year they’re working to add a wider variety of native trees - to better protect the urban forest from new pests and disease.  (i.e. things like the uber-destructive emerald ash borer)

Lindsey talked with Dottie Clune, the committee chair.  She says the importance of trees is often overlooked - especially these days with tight city budgets.

“We know that for every dollar we spent on the municipal urban forestry program we received $3.60 in benefits. That’s a pretty good return on investment.”

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Winter Storm
7:51 am
Fri February 4, 2011

Winter storm packs economic punch

Digging out from this week's winter storm in downtown Grand Rapids
Lindsay Smith Michigan Radio News

Ok, so we all know that this week's winter storm caused copious amounts of snow and ice to blanket much of the state. And, of course, we couldn't forget the school closings and sore backs (hey, shoveling a foot of snow out of a driveway is strenuous!).

But, what about the actual financial impact of a huge winter storm? Just how much money did all that snow cost the state? Hard to quantify? It sure would seem like it. But, one firm, IHS Global Insight, has decided to go ahead and try to figure the economics out.

In a report released this week titled, The Economic Costs of Disruption from a Snowstorm, IHS said the storm had a $251 million a day economic impact in Michigan. The study took into account both direct (think loss of income because of a missed day of work) and indirect effects (such as lost sales in the local economy) of the storm into account when figuring out the numbers.

Aside from the actual economic data, IHS also reached three conclusions about the financial impact of winter storms, and I quote:

  1. Among all economic classes, snow-related shutdowns harm hourly workers the worst, accounting for almost two thirds of direct economic losses.
  2. The indirect economic impacts of snow-related shutdowns, including loss of retail sales and income and sales tax revenues, roughly double the initial economic impact.
  3. The economic impact of snow-related closures far-exceeds the cost of timely snow removal. Although states and localities may be hesitant to expand significant upfront resources in the short-term, the long-term payoff more than justifies the expense.
Presidential Visit
4:26 pm
Thu December 2, 2010

Former President Bush in Grand Rapids today

Former President George W. Bush visits with an audience in Grand Rapids
Lindsey Smith Michigan Radio

Update 4:23pm

Lindsey Smith just sent in this quote from former president George Bush's talk today in Grand Rapids:

"Like in '44 if somebody in Grand Rapids, Michigan said 'I predict someday America and Japan will stand shoulder to shoulder to enhance mutual security' they would have said 'what a hopeless, idealistic nut-job you are'. But democracy transformed an enemy to an ally. I know it sounds far-fetched for some that people want to be free in the Middle East and that freedom will take hold - I think it will."

Update 3:53 pm

The event with George W. Bush in Grand Rapids just wrapped up and reporter Lindsey Smith called in with some of her highlights from the talk:

  • Bush's opening line - "Most people didn't think I couldn't read a book, much less write one."
  • Bush said after his presidency it was like going from 100 mph to 10 mph and he had to figure out what to do with all his extra time
  • About the firing of Donald Rumsfeld Bush said that his relationship with him had gone from one of "creative tension" to one of "destructive tension."
  • About 9/11 and the decision to go into Iraq Bush said that it was a bold move that had to be made. He was disappointed that no WMDs were found. He also says that 9/11 changed his mind about preemptive strikes. If he hadn't done it, he believes there would have been a dangerous nuclear arms race between Iran and Iraq.
  • Bush says he's still in touch with Condoleezza Rice, but doesn't talk much with Dick Cheney or Donald Rumsfeld.
  • He said he doesn't judge Barack Obama, and won't be pulled into criticizing or commenting on him and his presidency.

Update 12:42 pm:

Our reporter at the event, Lindsey Smith, says Secret Service told the media that laptops are not allowed. So, it might be that we have to wait for updates until after the former President speaks.

___

6:44 am

Former President George W. Bush will be in Grand Rapids this afternoon.  He'll be promoting his new book "Decision Points" at the Gerald R. Ford Presidential Museum.

This is the former President's second visit to Grand Rapids this year.  He attended the Economic Club of Grand Rapids in June.

Presidential Visit
1:55 pm
Mon November 29, 2010

Former President Bush to visit Grand Rapids

Former President George W. Bush

Update - Tues. 11/30/10 8:22 AM:

It's been confirmed that the former President will, indeed, visit Grand Rapids on Thursday.  He'll visit the Gerald R. Ford Museum as part of his nation-wide tour to promote his new book, Decision Points.

______

The Grand Rapids Press is reporting that former President George W. Bush will be at the Gerald R. Ford Museum in Grand Rapids on Thursday.

According to Krisin Mooney, a museum public affairs specialist, the former president will be at the museum at 2PM.

Mooney said other information about the former president's visit will be released later this afternoon.

Bush was last in Grand Rapids in June to speak at the Economic Club of Grand Rapids.

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