Michigan small businesses and entrepreneurs would be hurt significantly if a proposed U.S. Department of Labor (USDOL) independent contractor rule goes into effect, according to the Small Business Association of Michigan.
The West Michigan economy appears to have flattened, but has not yet contracted into a recession, according to the latest monthly survey data released by Grand Valley State University’s Seidman College of Business.
With rent and mortgage costs rising and communities across the state challenged to develop enough housing for their residents, the Michigan Municipal League and Michigan Economic Development Corporation have reached back into the past to develop new strategies to help communities add more housing options to their existing neighborhoods.
Small and mid-size business owners and executives have an optimistic outlook about the near-term future of their businesses as they ride out inflationary pressures, supply chain disruptions and political and geopolitical uncertainties related to the national and local economies, according to the latest PNC semiannual Economic Outlook survey.
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.