The Right Place shares 2022 outlook
Published on December 27, 2021
The Right Place, hosted a webinar event on Thursday, December 9 to present an in-depth outlook of 2022.
The event featured a year-in-review and state-of-the-region presentation by The Right Place President and CEO, Randy Thelen and, a detailed economic analysis for 2022-23 by Don Grimes, University of Michigan regional economic specialist.
Thelen also provided an update on the organization's three year strategic plan. Since the inception of the plan in 2020, their work resulted in 2,494 new and retained jobs versus the three-year goal of 3,400, now 74% completed; $127 million in new and retained payroll versus the three-year goal of $184 million, now 69% completed; and $397 million in new capital investment versus the three-year goal of $500 million, now 79% completed.
According to Thelen, The Right Place in 2022 will prioritize helping companies reach site readiness to increase the industrial vacancy rates. This will make the region more competitive to companies looking to invest here.
Overall, there are great prospects for the economy as it is expected to grow in 2022.
You can read the full article from the Grand Rapids Business Journal here.