Grand Rapids Business Journal 02.07.22

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KZOO Station project takes next step.

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FEB 7, 2022 VOL. 40, NO. 3

The Business Newspaper of Metro Grand Rapids, Holland, Muskegon & West Michigan

THIS WEEK

LOWE DISCOVERS HEART TO SERVE Executive director of Emmanuel Hospice describes herself as a ‘glass-half-full’ person. Page 10

Basketball’s return to GR not a slam dunk There were plenty of hoops to jump through while trying to keep a G League team here. Danielle Nelson

dnelson@grbj.com

Industrious Q4 reports point to a thriving industrial real estate market that needs more space. PAGE 3

Benchmarks Business Leaders for Michigan reworks its standards that measure strategic improvement in the state.

With less than three minutes on the game clock in the fourth quarter, fans erupted in cheers as Grand Rapids Gold shooting guard Davon Reed knocked down a 3-pointer to give the Gold the lead and eventually the win in its home opener against the Motor City Cruise, the NBA G League affiliate of the Detroit Pistons. Those were three of many points that eventually earned Reed a two-way contract with the Denver Nuggets, the NBA parent of the Grand Rapids Gold. But it almost didn’t happen. Reed almost didn’t hit the

Owner Steve Jbara’s face-to-face meeting with Denver Nuggets officials eventually resulted in a new affiliation. Courtesy Kynda

3-pointer at the DeltaPlex Arena. Not that he couldn’t, but he almost didn’t as a player wearing a jersey with the name “Grand Rapids Gold” etched on the front. Fans almost didn’t have a home team to cheer for after the future of the organization was shrouded in uncertainty for years. Grand Rapids Gold President Steve Jbara, who was president of the Grand Rapids Drive, the former

G League affiliate of the Detroit Pistons, said he knew at the beginning of the 2018-19 season (the fifth year of its extended seven-year contract with the Detroit Pistons organization) that the Pistons had a desire to move its G League team to Detroit. “We started considering all of our options,” he said. “Do we relocate the team? Can we try to convince them that Grand Rapids is

the right place? If not, what are our other options? There were a lot of things that were not very clear at the time with us not knowing the entire situation or how we would survive or where we would go. The Pistons stayed very steadfast in their goal to relocate the team.” It became increasingly clear over the next several months that the Pistons organization made CONTINUED ON PAGE 17

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BACK TO SCHOOL West Michigan Construction Institute opens with goal to send more people into the skilled trades. Page 4

THE LISTS

The area’s top specialty contractors. Page 5 The area’s top general contractors. Page 7

SBAM data reveals small business obstacles Survey shows workforce shortages, inflation, supply chain disruptions plague small businesses. Rachel Watson

rwatson@grbj.com

Michigan’s small businesses continue to struggle with workforce

shortages, inflation and supply chain disruptions, according to a recent survey published by the Small Business Association of Michigan. The survey also showed small businesses are offering Calley higher wages

to attract workers. “Small business owners continue to face one obstacle after another, nearly two years after the onset of the pandemic,” said Brian Calley, SBAM president and CEO. “After dealing with closures and restrictions, there is a new set of significant challenges small business owners face. Workforce shortages, inflation and supply chain disruptions are prevalent issues that have the ability to jeopardize their success.”

GRBJ.COM Vol. 40, No. 3 $3.00 a copy. $59 a year © Entire contents copyright 2021 by Gemini Media. All rights reserved.

Inside Track ..... 10 Guest Columns.. 14 Road funding

KIDS’ Food Basket celebrates milestone anniversary.

Change-Ups ..... 20 Calendar .......... 20 Public Record .... 21 Street Talk ...... 22

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Survey respondents overwhelmingly identified workforce shortages (56%), inflation (56%) and supply chain disruptions (59%) as the biggest problems facing their businesses. Sixty-six percent of small businesses said it’s harder to find and keep staff. To combat that challenge, 70% of businesses are increasing wages to attract and maintain employees. The survey of 600 Michigan CONTINUED ON PAGE 15


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Grand Rapids Business Journal 02.07.22 by Grand Rapids Business Journal - Issuu