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WEST MICHIGANOVERVIEW
WELCOMETO WESTMICHIGANHOME TO ONEOF THE FASTESTGROWINGECONOMIESIN THE U.S.Located between Chicago and Detroit,West Michigan is a growing regionof more than 1.5 million people andcounting. At its core is the thrivingand vibrant city of Grand Rapids,the second largest city in the state.With a strong business climate andexceptionally high quality of life, it isno surprise businesses and talent areflocking to the region. More than 130international companies are locatedhere, as well as four of Forbes LargestPrivate Companies. The region is hometo the global headquarters of industryleaders like Amway, Steelcase, HermanMiller, Haworth, BISSELL, WolverineWorldwide, and more.“ West Michigan was the ideallocation for our cybersecurityresearch lab. The region’s low costof doing business, combined withits talented pool of technologyworkers will make our companymore competitive.”Brian DeMuth CEO GRIMMThere is an energy pulsating fromWest Michigan that is felt throughoutthe Midwest. Our business andcommunity leaders have set inmotion an unprecedented level ofgrowth and investment, cementingour place as a world-class center foradvanced manufacturing, life scienceand medical devices, food processing,and technology.
TOP INDUSTRYCLUSTERSGROW, INNOVATE, AND SUCCEED IN WEST MICHIGANSince its introduction as the Furniture City in 1876, West Michigan has been a leading center for quality,technical expertise, and innovation. The economy has since diversified beyond its furniture beginnings,and is now a center for manufacturing excellence, life science discovery, and technological innovation.The following industries are driving the growth of the Grand Rapids region.INFORMATION TECHNOLOGY AND COMMUNICATIONSWest Michigan’s growing tech industry is powered bysome of the best talent in the nation. From cybersecurityto custom software development, this industry is solvingthe future’s most pressing challenges.LIFE SCIENCES AND MEDICAL DEVICESWest Michigan is home to some of the most advancedhealthcare, research, and education facilities in theMidwest. This collaborative environment is drivinginnovation and shaping the future of medical devicetechnology and manufacturing.26.6%EmploymentCosts(Natl. Average 21.4%)Below Natl. Avg.6%51IndustryGrowth RateIndustryGrowth Rate(Natl. Average 14.8%)ADVANCED MANUFACTURINGWest Michigan is home to one of the nation’s largest andmost diverse manufacturing sectors. We are national leadersin plastics, biopharmaceuticals, medical devices, productiontechnology, automotive, office furniture, aerospace, andmore. If you can dream it, we can make it.FOOD PROCESSING AND AGRIBUSINESSAbundant natural resources combined with one of the mostagriculturally diverse regions in the country has created arecipe for success in West Michigan. With over 1.5 billion ineconomic impact, this industry is an economic powerhouse.323%MedicalDeviceCompanies2,500 6.3BManufacturersIn ExportsAnnually18.2%1.83IndustryGrowth Rate(Natl. Average 10.2%)LocationQuotient
WEST MICHIGANMAJOR CONSUMERBRANDS4
WEST MICHIGANBY THE NUMBERS13-COUNTY REGIONPOPULATION DATA1,628,323POPULATION41.3MEDIAN AGE596,007HOUSEHOLDSCOLLEGES & UNIVERSITIESENROLLMENTGrand Valley State University23,178Grand Rapids Community College19,410Ferris State University14,232Davenport University - Western Region6,097Muskegon Community College5,540Calvin College2,627Baker College9,681Hope College3,143Cornerstone University1,954Aquinas College1,578Montcalm Community College1,963Western Michigan University - Grand Rapids900Kendall College of Art and Design823Michigan State University - West320Other Area Colleges and Universities824,270Total94,471DATA SOURCE: The Right Place, Inc.LABOR FORCE#194,471COLLEGEENROLLMENTDATA SOURCES: Economic Modeling SpecialistsInternational (EMSI), US Census Bureau AmericanCommunity Survey (ACS), Bureau of LaborStatistics Local Area Unemployment StatisticsScience (including Healthcare)Top States for Auto Manufacturing Jobs – MichiganBureau of Labor Statistics29%Bachelor’s or Higher32%Associate/Some College30%High School Diploma9%STEM DEGREE COMPLETIONS (2019)OtherCOMPLETIONS765Engineering1,287177DATA SOURCE: EMSI Education Program Table (applicable atics3,025DATA SOURCE: EMSI
COST OF LIVING INDEX104.6Salt Lake City, UT102.3Austin, TX99.1Boise City, ID97Nashville, TN96.1Louisville, KYGrand Rapids, MI94.209095100105DATA SOURCE: Council for Community and Economic Research Q4 2020 DataRACE & ETHNICITYPOPULATIONPERCENTWhite, , Non-Hispanic102,8096.3%Asian, Non-Hispanic35,7842.2%34,7112.1%Two or More Races, Non-HispanicAmerican Indian or Alaskan Native, Non-Hispanic7,3810.5%Native Hawaiian or Pacific Islander, Non-Hispanic4740.03%DATA SOURCE: EMSI#1Mid-Sized Metro for Economic Growth Potential – Grand RapidsBusiness Facilities MagazineLANGUAGES SPOKEN 62,926POPULATIONEnglish Only1,187,491SpanishGRAND RAPIDS CSA*73,360Other and unspecified languages459Other Indo-European languages1,772VietnameseMEDIANHOUSEHOLDINCOME*CSA includes GrandRapids & Muskegonmetro areas 65,712NATIONAL5,511German or other West Germanic languages2,675Russian, Polish, or other Slavic languages4,967Chinese (incl. Mandarin, Cantonese )3,219Arabic2,202French, Haitian, or Cajun2,120Tagalog (incl. Filipino)1,421Korean1,175DATA SOURCE:US Census ACS 2019 1 yearDATA SOURCE: US Census 2019 ACS 5 YearPOPULATIONAGE26.9% 0 to 19MEDIANAGE*36.5*FOR GRAND RAPIDS, KENTWOOD, & MUSKEGON CSA27.4% 20 to 3925.0% 40 to 5917.1%60 to 793.6%80 or olderDATA SOURCE: US Census 2019 ACS 5 Year6
TOP INDUSTRIESJOBSPERCENTManufacturing149,21320%Health Care and Social Assistance98,02013%Government73,59410%Retail Trade72,4229%Admin, Support, Waste Mgt., & Remediation Services63,8468%Accommodation and Food Services48,9676%Construction40,9295%Other Services (except Public Administration)35,9245%Wholesale Trade33,6924%Professional, Scientific, and Technical Services29,7634%Finance and Insurance24,7233%Educational Services23,4463%Transportation and Warehousing20,2893%17,3802%Real Estate and Rental and Leasing8,0111%Arts, Entertainment, and Recreation7,9281%Information6,5651%Management of Companies and Enterprises6,2801%Utilities2,4230.32%Unclassified Industry1,2930.17%Agriculture, Forestry, Fishing and Hunting103PUBLICLY TRADEDCOMPANIES130 INTERNATIONALCOMPANIES 80.6BGROSS REGIONALPRODUCT 5.2BEXPORTSVALUE – 2019.80%EXPORT GROWTHRATE 2016-2019DATASOURCES:EMSI, TheBrookingsInstitutionExportMonitor 2018DATA SOURCE: EMSI 2020TOP EMPLOYERSINDUSTRYEMPLOYEESSpectrum HealthHealthcare25,000Meijer, Inc.Grocery10,340Mercy Health Saint Mary'sHealthcareGentex CorporationManufacturing5,800Gordon Food Service IncFood Distribution5,000AmwayManufacturing3,791Herman Miller, elcase, Inc.Manufacturing3,500Farmers Insurance GroupInsurance3,5008,500Grand Valley State UniversityEducation3,306Lacks Enterprises IncManufacturing3,000Grand Rapids Public SchoolsEducation2,800Arconic, Inc.Manufacturing2,350Hope NetworkHealthcareNOPERSONALPROPERTY TAXNOINVENTORY TAX6%CORPORATEINCOME TAX2,162Metro Health HospitalHealthcareRoskam Baking Co.Manufacturing2,0902,100Fifth Third Bank, West MichiganFinance2,062Haworth Inc.Manufacturing2,000PERSONALINCOME TAXSpartanNashGrocery2,000DATA SOURCE: State of MIDATA SOURCE: The Right Place, Inc.7MICHIGAN TAXINFORMATION4.25%
INFRASTRUCTUREAIR TRAVELAir service at Gerald R. Ford International Airport is providedby six airlines serving 31 major market destinations with140 daily nonstop flights. It has current internationalconnections through Detroit, Chicago, and other USdestinations. A US Customs federal inspection station (FIS)terminal is currently under construction and will soon allowfor processing of international flights and passengers.As the country’s 12th largest rail system, Michigan is wellserved by regional hubs in Grand Rapids. Current Class 1railroads include:Canadian National/Grand Elk RailroadNorfolk Southern RailwayCSX TransportationCanadian Pacific Railway/Soo LineThe Great Lakes can be reached via the St. LawrenceSeaway and the U.S. Inland Waterway system of rivers.When connected, the complete system offers a marinehighway through the heartland of the United States,providing access to population centers and manufacturingsites from the Gulf of Mexico to the Atlantic Coast. Theport sites on the shores of West Michigan are positionedto connect Michigan highway and railroad infrastructureto this marine system, making these ports ideal candidatesfor manufacturing and food processing.(MINUTES)DallasDenverNew YorkLas VegasOrlandoPhoenixHoustonDEEP WATER PORTSMEANTRAVELTIMEAtlantaChicagoRAILROADS NON-STOP FLIGHTSAVAILABLE TO:MinneapolisDetroitFort LauderdalePhiladelphiaBaltimoreWashington D.C.Tampa BayMiami22.3NashvilleCharlotteTRAVEL TIMETO WORKSavannahSt. Petersburg32%Less than 15 min.Punta Gorda43%15 to 29 min.16%30 to 44 min.Sarasota5%45 to 59 min.Fort Myers4%60 min. or more.and moreDATA SOURCE: Census Bureau Table: B08303 & CensusReporter Grand Rapids, Kentwood, Muskegon, CSA8
LOW COST OF LIVINGHIGH QUALITY OF LIFELife in West Michigan never fails toimpress. From the bustling urbancity of Grand Rapids, to charmingsmall towns – the region truly has acommunity for everyone. The strongeconomy and low cost of living makethis an ideal place to start a careerand raise a family.No matter where you live in the region,you’re just a quick drive from gorgeouswhite sand beaches, premier hikingand biking opportunities, and thethriving cultural and arts scene inDowntown Grand Rapids.Top Destinations forMillennials – Grand RapidsNational Association of RealtorsOld MillBrewpub & GrillBlue waters, pristine beaches, craftbreweries, delicious eateries, miles oftrails, top-notch museums, charmingshops, and professional sports will keepyou busy throughout the four seasons.Fastest Growing Economyin the U.S. – Grand RapidsForbes and Headlight DataSilver LakeDunes9ArtPrize
John Ball ZooFrederick MeijerGardensVan Andel Arena“Superstar” Cities inthe US – Grand RapidsReutersRosa Parks CircleBest Cities for FirstTime Homebuyers Grand RapidsSmartAssetWhite Pine TrailTop Cities Where U.S. Manufacturingis Thriving – Grand RapidsAdvisorSmith“ Grand Rapids and it’s healthybusiness environment have beenintegral to BISSELL operationsfor over 140 years. We continueto see employment growth inthis community. The decision tocontinue our investment heremade sense and we thank TheRight Place for their partnership.”Mark Bissell Chairman & CEO BISSELLKirk Park,Lake Michigan
THE RIGHT PLACE, INC.125 Ottawa Avenue NW, Suite 450Grand Rapids, MI 49503o 616.771.0325f 616.771.0555e info@rightplace.orgw stMichiganLife8/21
Professional, Scientific, and Technical Services 29,763 4% Finance and Insurance 24,723 3% Educational Services 23,446 3% . The Great Lakes can be reached via the St. Lawrence Seaway and the U.S. Inland Waterway system of rivers. . Miami Nashville Charlotte Savannah St. Petersburg Punta Gorda Sarasota Fort Myers
