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Smith Haughey Rice & Roegge (SHRR) has been helping clients overcome challenges since 1941. Despite all our shared experiences over the decades, it is unlikely any event has had a more collective impact on our clients and our practice than COVID-19.
It’s a well-known fact that one of the best ways to recruit and retain top talent is to offer excellent benefits, the kind that go beyond the basics of meeting an employee’s health care needs and offer more than just reasonable copays and deductibles. With the outbreak of COVID-19, maintaining strong health has become more important than ever, and employees are looking for ways to stay healthy while enhancing their day-to-day lives.
Your business may grow through mergers and acquisitions (M&A) despite challenges posed by the COVID-19 pandemic.
On the corner of Portage Street and Lake Street in the Edison neighborhood of Kalamazoo, workers are putting the finishing touches on an attractive new multi-use building known as the Creamery. The building, which was partially funded with an innovative Impact Investment Loan program from the Kalamazoo Community Foundation (KZCF), will soon house affordable apartments for low- and middle-income people, a YWCA 24-hour childcare center and a small business accelerator.
COVID-19 has hit the world hard, including the business landscape. Many companies are struggling under the strain the pandemic has put on our economy, from decreased spending to wide-scale shutdowns. In the face of this economic uncertainty, businesses of all sizes and their employees are facing tough choices when it comes to spending.
Being directly related to profitability, growth, and efficiency, productivity is key to company success. Manufacturing processes are constantly seeing improvements in with the introduction and development of new technology. These technological advances include the utilization of real-time data and the IIoT to increase productivity, leading to a highly competitive and ever-growing manufacturing sector.
A common and costly mistake when it comes to business succession planning is not starting the process early enough. By waiting too long, an owner runs the risk of not having the right people in place to run the business, as well as having much of the business’ value consumed by estate taxes. Either misstep can and sadly often does cause a business to fail when it passes from one generation to the next.
The Grand Rapids Chamber is thrilled to announce the return of the West Michigan CEO Summit on October 6, as a virtual, live-broadcast experience.