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More than seven in 10 small businesses in Michigan expect further sales declines from the COVID-19 pandemic in the months ahead, according to new survey results from the Small Business Association of Michigan.

Economic conditions for Michigan and across the U.S. should keep improving through 2020 and into 2021, according to recent outlooks.

Birgit Klohs, the dean of economic developers in West Michigan and across the state, plans to retire after more than three decades of leading The Right Place Inc.

West Michigan’s industrial economy further improved in July as three of four key activity indexes moved back to positive territory after sharp declines this spring from the economic fallout of the COVID-19 pandemic.

The M&A market that slowed in the first half of 2020 with the onset of the COVID-19 pandemic should rebound well over the next 12 months as deals that got put on hold go forward, according to a midyear survey by law firm Dykema Gossett PLLC.

After canceling this year’s ArtPrize because of concerns over COVID-19, organizers of Grand Rapids’ flagship arts event and the largest art competition in the world have avoided questions about whether it will return.

Bankers across the region have been focused on working with small business clients to secure loans from the federal Paycheck Protection Program, as well providing payment deferrals and adjusting loans for business borrowers hit hard by the COVID-19 pandemic. 

The COVID-19 pandemic will take a fast bite of more than $3 billion out of West Michigan’s economic output, driving the region into recession along with the rest of the country.

University of Michigan economists expect the coronavirus and COVID-19 pandemic to drive the U.S. economy into recession for the second quarter.

Today’s emergency interest rate cut could aid a slowing U.S. economy facing a significant threat from the coronavirus outbreak, according to Comerica Inc. economists.