Contact Us

Grand Rapids Economy Projected To Grow In 2013

Facebook

West Michigan is expected to see overall economic growth in 2013.

The growth is projected to be lead by the manufacturing and service industries.

Not all industries are expected to experience growth.

Construction and office furniture production are expected to be flat in 2013.

Mlive.com has more info on what to expect in 2013:

Economist George Erickcek is forecasting continued growth for the greater Grand Rapids area in the annual forecast he prepared for the Right Place 2013 Economic Outlook for West Michigan.

The region’s employment base will grow by 1.2 percent in 2013 and by another 1.6 percent in 2014, said Erickcek, senior regional analyst with the Upjohn Institute of Kalamazoo.

Manufacturing and service jobs will once again be the leading sectors, Erickcek said. Goods producing jobs, which include manufacturing, will grow by 1.1 percent while service providing jobs will grow by 1.5 percent, he said.

Erickcek said he also expects to see strong growth in the service sector, led by healthcare.

Healthcare will continue to be a growth sector outside of hospitals, Erickcek said. “We’re still seeing employment growth in healthcare, we’re just being treated more and more out of the hospital,” he said.

While office furniture production will remain flat, Erickcek said the region’s auto part suppliers and food processors will continue to show employment growth.

Government employment, which fell by 2.4 percent this year, will fall by 0.9 percent in 2013, Erickcek said. Construction activity will be flat despite continued low interest rates, he said.

Are you confident in where West Michigan is heading economically?

 

 

More from 100.5 The River

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://rivergrandrapids.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on 100.5 The River quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Please solve this simple math problem to prove that you are a real person.

Register on 100.5 The River quickly by logging in with your Facebook account. It's just as secure, and no password to remember!