When SpringGR started in 2013, there were only about 70 businesses with more than $250,000 in revenue that were owned by people of color in Grand Rapids, as compared to the 11,000 businesses in the city overall in that revenue category.
The bank’s monthly index report showed a decrease in August to a level of 106.6. August’s reading was 24.4% higher than the historical low of 85.7 reached in June 2020 and still above the average of 100 points for all of 2020, which was nine points below the index average for 2019.
I just finished a phone call with a potential client to discuss a problem. His 18-person salesforce was paid on straight commission. All had been with the company for 8-15 years and were earning healthy incomes. His problem was that he couldn’t get them to do what he wanted them to do.
Grand Rapids Business Journal has been West Michigan's primary and most trusted source of local business news since 1983. The biweekly print edition of GRBJ, a must-read for the area's top decision-makers, is known as the business newspaper of metro Grand Rapids, Holland, Muskegon and all of West Michigan.