ACME — The mood skewed upbeat as area businesses and services staffed displays to greet and meet with about 1,000 people who turned out for the annual Traverse City Area Chamber of Commerce Business Expo at the Grand Traverse Resort & Spa.
“If you look at the year in general, we’ve seen a little bit more new construction,” said Rex Ambs, an owner of GeoFurnace Heating & Cooling. “People are hunkering down as far as they’re going to stay in their homes, so we’re seeing some repairs, replacement.
“In general for us, we’ve had a pretty good year.”
Jeff Dufort, account executive for Traverse City’s Progress Printers, also spoke of a brighter 2012.
“Business is up,” he said. “Our digital printing is booming.”
Customers may not be ordering the larger quantities they used to, but they’re targeting their marketing so it’s more effective.
“They’re being smarter with their money,” he said.
Chamber Chief Operating Officer Laura Oblinger picked up similar sentiments across the exhibit hall floor.
“It’s very positive, high energy,” she said. “The exhibitors are identifying that they have solid traffic flow and that the people who are coming into their booths are, as we hope, people they feel they could be doing business with.
“That is always a key performance indicator for us ... people coming through who are viable business representatives.”
The day kicked off with a sold-out Economic Outlook Breakfast attended by more than 500 local business and government representatives. Speakers delivered a message that combined optimism with a snapshot of the region’s economic challenges.
Chamber President Doug Luciani was part of a three-person speaker panel and said the area “never had a better year for tourism than this year.”
But tourism isn’t the be-all, end-all. Luciani and fellow panelists said the Grand Traverse region is troubled by the same “structural mismatch” that surfaced statewide: jobs for skilled mid-level workers remain empty, thanks to a lack of well-trained candidates, even as unemployment hovers at near 8 percent in northwestern Lower Michigan. The fact that wages here tend to be about 78 percent of the state average doesn’t help, Luciani said.
Meanwhile, the state continues to turn out 55,000 graduates with four-year college degrees annually, while only about 28,000 jobs are available.
But Luciani said such challenges should be viewed as opportunities.
“Anytime there’s structural mismatch and risk, there’s opportunities for great gain,” he said. “Businesses that make intelligent investments at this time ... have the opportunity to really knock it out of the park.”
Business
Upbeat vibe at local business expo
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Ag Forum: Chestnuts a growing market
Various species of chestnut are found in Michigan — naturally in the landscape, in green spaces as ornamentals and also planted in orchards for nut production.
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Futures File: Even with large crop, soybeans shoot higher
Although U.S. farmers are expecting to harvest a large soybean crop this fall, the current supply of soybeans in storage is running low, lifting prices higher. This week, July soybeans shot up 45 cents (+3.2 percent), reaching $14.47 per bushel on Friday morning.
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Farm Focus in Brief: 05/18/2013
Beverage classes; Weed management; Compost Day. (Plus more)
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Festival spotlights science, math
Newton’s Road, a regional nonprofit organization committed to increasing access to and appreciation of learning opportunities in science, technology, engineering and math, continues its Northern Michigan STEaM Film Festival on Saturday.
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Only 2 of 13 small SUVs do well in crash tests
Only two of 13 small SUVs performed well in front-end crash tests done by an insurance industry group, with several popular models faring poorly in the evaluations.
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Technology, labor spar on immigration
To the U.S. technology industry, there’s a dramatic shortfall in the number of Americans skilled in computer programming and engineering that is hampering business.
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Compuware cancels events to honor company co-founder
The wife of a Compuware Corp. co-founder is upset that events to honor her husband’s legacy and the software development company’s history have been canceled.
Continued ... - Thursday, May 16, 2013
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Eurozone recession is now longest in currency bloc
The eurozone is now in its longest ever recession — a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis of 2008-2009.
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State economy still on upswing
Economists say Michigan’s economy is turning around for the fourth straight year in part because the housing sector is on the mend.
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State’s jobless rate decreases
Michigan’s seasonally adjusted unemployment rate edged down in April by one-tenth of a percentage point to 8.4 percent.
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Compuware plans IPO for Covisint subsidiary
Software development company Compuware Corp. says it’s planning an initial public offering for its Covisint Corp. subsidiary.
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House panel set to OK cut in food stamp program
A House committee rebuffed Democratic efforts Wednesday to keep the $80 billion-a-year food stamp program whole, as debate on the farm bill turned into a theological discourse on helping the poor.
Continued ... - Wednesday, May 15, 2013
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Wind farms get pass on eagle deaths
It happens about once a month here, on the barren foothills of one of America’s green-energy boomtowns: A soaring golden eagle slams into a wind farm’s spinning turbine and falls, mangled and lifeless, to the ground.
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Business in Brief: 05/15/2013
TEDx speaker match; Evaluation planning; Employment forecast. (Plus more)
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Feds probe V-8 trouble
U.S. auto safety regulators are investigating complaints that the engines can stall without warning in three Chrysler and Dodge brand cars.
Continued ... - Tuesday, May 14, 2013
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App brings perks to merchants
Joe Walker has been a techie for more than 20 years, but it was a weekend of “X-Boxing” and a love of northern Michigan that sparked the start of Ozmott.
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Fred Goldenberg: Wednesday's expo a don't miss for seniors
Many people ascribe to the belief that as the ball dropped in Times Square on Jan. 1, 1946, the first baby boomer was born and that 76 million births later, our lifestyle and ideas for the future have the country turned upside down.
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GM: Supercomputers to keep recalls in check
A new supercomputing data center and a fledgling shift to bring software development in-house should help General Motors limit the size of future safety recalls, a top company official said.
Continued ... - Sunday, May 12, 2013
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Book documents history of local electric cooperative
It's hard to envision the darkness of night that blanketed the region's rural areas 75 years ago.
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Jason Tank: Pay off mortgage — or not?
Q: My husband and I are 60 years old and we have a $100,000 mortgage with about six years left on it. Should we just use some of our investments to pay it off now?
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Business in Brief: 05/12/2013
Business briefs for 05/12/13:
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Business Memoranda: 05/12/2013
McDonald’s owner/operator Jason Richards has taken ownership of McDonald’s restaurants in Manistee and Benzonia.
Continued ... - Saturday, May 11, 2013
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Cicada mania not coming to Michigan this year
The grand emergence of 17-year cicadas this year in the eastern United States is already causing quite a buzz.
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Ag Forum: Farm work helps mom live long life
My mother was born in 1917, and she has a pretty good chance of seeing 2017. She’s still living in her own home, taking care of herself and even mowing the grass.
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Futures File: Coffee prices buzz higher
Coffee prices have climbed for seven consecutive days, rising nearly sixteen cents per pound (+12 percent).
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Ag Forum: Chestnuts a growing market



