Change Agents

Every day in small towns across America, economic development efforts are underway. Designed to build economies, drive innovation, or simply draw communities together, these efforts are the engines that stand to transform a town and its way of life. Here, the Traverse City Business News heads into...

Personal Injury Lawyer Advertising Evolves in the Digital Age

Local personal injury lawyers for decades have heavily relied on telephone book advertising to attract clients, running multiple pages of ads and competing for the coveted back cover space. But those days are waning. “Lawyers are ending the nuclear war in the Yellow Pages,” said personal...

Building Materials Prices Expected to Rise, But Not Hamper Construction

Construction material prices are on the rise as residential and commercial building activity escalates during the spring season. Local building products suppliers say annual materials price increases of about five percent have been typical for the past few years. They’re expecting similar increases this year and...

Credit Unions Experience Growth, But See Issues

Executives worry about rising interest rates, regulations and more Local credit unions continue to prosper in a strong economy, but face a variety of challenges that include burdensome regulations, rising interest rates and adjusting to changes in the market for financial services. Credit union executives also are...

COVER: Wire Fraud Strikes Local Real Estate Firms, Home Buyers

About a year ago, Real Estate One’s title insurance company almost lost $1 million from a wire transfer to East European hackers who concocted fake electronic closing documents in an attempt to steal the money. Fortunately, the scheme was exposed before the money disappeared. But hacking...

PYOB: New rule allows establishments to install beer, wine taps

Bars, restaurants and hotels can allow customers to pour their own beer and wine under a new state rule. But several popular Traverse City area venues say they don’t intend to do so. The new state Liquor Control Commission rule allows establishments with on-premises liquor licenses...

What to Watch: Job Market

“Help wanted” signs are ubiquitous at fast-food restaurants, retail stores and a variety of other businesses throughout the Grand Traverse region. Local business leaders say the demand for talent will likely remain high in 2017. But they add that in some respects the job market isn’t...