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...

TC Banking Market Growing, Hotly Competitive

Banks seem to hook up with new partners faster than Hollywood celebrities, changing their names and often confusing their customers who feel they’re already dealing with enough financial upheaval in their lives. But most of the major players in the local banking market have been around...

SBA Lending Eases as Economy Expands

Loan volume in the Small Business Administration’s (SBA) flagship loan guarantee program has tailed off locally in the past several years, but that’s not necessarily a bad thing. Lenders generated $13.6 million in U.S. SBA-guaranteed loans in Grand Traverse County in the fiscal year ending Sept....

Local Philanthropies Seek Greater Community Impacts

Gordon Brown and his wife, Susan, were passionate boaters and active for years with the Inland Seas Education Association in Suttons Bay. When Brown died in 2012, he left a gift of more than $40,000 to the Grand Traverse Regional Community Foundation to invest with the...