ECONOMIC DEVELOPMENT
New drawings provide more details on soccer stadium plan
Grand Action 2.0 has released more detailed renderings of its proposed 8,500-seat soccer stadium on Grand Rapids’ west side as city planning officials prepare...
Here’s what Grand Rapids residents are saying about the proposed soccer stadium
Grand Action 2.0 has taken its plans for a west side soccer stadium on tour over the past month, gathering public input during several...
Downtown Development Authority to kick in $20.5M for Acrisure Amphitheater
EDITOR’S NOTE: This story has been updated with comments from Kara Wood of Grand Action 2.0.
The Grand Rapids Downtown Development Authority will contribute $20.5...
Grand Rapids seeks to add riverfront post office property to downtown taxing district
Grand Rapids is taking steps to expand its district that collects tax revenue for downtown development activities to include the site of the Acrisure...
For downtowns large and small, a new reality is taking shape
Things were turning a corner for Danny Martinez. It was early March 2020.
A small coffee shop he started in the basement of a charming,...
$23.8M to prepare large West Michigan properties for development
Five sites across West Michigan have received nearly $24 million in state funding to prepare the sprawling properties for industrial and commercial redevelopment.
That includes...
Push for new economic development incentives faces uncertain legislative future
LANSING — Gov. Gretchen Whitmer’s push for new economic growth tools would bolster business-attraction incentive programs, helping Michigan stay competitive with the 49 other...
Outlook on Michigan economy mildly positive in annual statewide survey
The 12th annual Michigan Economic Outlook Survey was unveiled at the Detroit Economic Club’s annual meeting at the MotorCity Hotel and Casino on Tuesday.
The...
Soccer stadium developer starts community engagement with west side residents
An 8,500-capacity soccer stadium eyed for an 8.2-acre site on Grand Rapids’ west side would rely on thousands of nearby parking spaces for visitors,...
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Thought Leadership Report: Michigan must act now to ensure we can compete to win
Over the last few years, the only thing consistent has been economic and political disruptions. 2024 looks to continue these trends, with a looming...
Grand Action 2.0 begins prioritizing west side property for soccer stadium
Grand Action 2.0, the private developer of Acrisure Amphitheater and a proposed soccer stadium, says it is now prioritizing a section of property on...
$56M federal infrastructure loan lays groundwork for Gun Lake Tribe’s growth
Executives of a tribal utility authority hope a $56 million federal loan for water infrastructure upgrades will benefit future generations and also open the...
New 8,500-seat soccer stadium could spur $408M in economic activity over 30 years
The soccer stadium Grand Action 2.0 and partners are working to develop is expected to have a capacity for 8,500 people and host 17...
‘Thriving’ Grand Rapids region economy exceeds pre-pandemic levels
The economy in the greater Grand Rapids region shows many signs of recovery since 2020 and is back to “thriving.”
That’s according to economists and...
Kent County OKs $15M for Acrisure Amphitheater
The Kent County Board of Commissioners by a wide margin approved $15 million in support for the Acrisure Amphitheater that could break ground next...
Amphitheater takes ‘big step’ forward with $15M in support from Kent County
Kent County commissioners have given near-unanimous support for a plan to allocate $15 million to the proposed Acrisure Amphitheater, a key chunk of public...
State lawmakers pass bill to raise lodging taxes for amphitheater, soccer stadium
State lawmakers have passed a bill allowing Kent County and the city of Grand Rapids to potentially generate millions of dollars in public funding...
Developer hopes to break ground next year on Grand Rapids soccer stadium
The developer behind a Grand Rapids soccer stadium will soon announce the project location as it pushes to secure a naming rights sponsor and...
Tribally owned investment firm aims to build on 5 years of growth
As tribally owned Waséyabek Development Co. LLC completes its first five-year strategic plan, executives are honing their priorities to help guide the organization’s future...
House passes hotel tax bill to fund ‘transformational’ projects in Kent County
The state House on Tuesday passed a bill that would allow cities and townships in Kent County to levy lodging taxes to fund “transformational...
Lawmakers limit local hotel tax proposal to Kent County
State lawmakers have scaled back a bill allowing Michigan cities and townships to levy a 2% lodging tax to now narrowly apply to Kent...
State approves $103M ‘transformational’ incentives for Grand Rapids development
A major mixed-use redevelopment of former industrial property in Grand Rapids is now the state’s fourth project to receive Transformational Brownfield Plan tax incentives.
The...
Revived business incentive program would tie tax breaks to wages paid
LANSING — Democratic state senators have outlined a proposal to revive and expand a business-attraction tax incentive program that ended nearly four years ago.
The...
The Right Place directs $6.2M to 17 West Michigan placemaking projects
The Right Place Inc. is directing $6.2 million from the Michigan Economic Development Corp. to more than a dozen projects across West Michigan, including...
Grand Rapids approves $103M ‘transformational’ tax incentive plan for major development
EDITOR’S NOTE: This story was updated after the Grand Rapids City Commission approved the Transformational Brownfield Plan on Tuesday night.
The Grand Rapids City Commission...