What $250K Gets You in Northern Michigan

What can $250,000 get you in northern Michigan? Probably not a view of the bay, but you'll get close. When it comes to residential real estate, the answer varies depending on where you buy and what you are looking for. If downtown Traverse City is your spot,...

When Disaster Strikes, Call These Guys

From their headquarters on Seeley Road just north of the village of Kalkaska, C.C. Power Electrical Contracting dispatched 100 men, bucket trucks and other equipment to Florida in early September. They were there to deal with the aftermath of Hurricane Irma, one of the most powerful...

Don’t Just Vote for Public Transit, Try Riding It

Despite our region’s natural and cultural attractions, affordability remains a major challenge for businesses seeking qualified, dependable workers. Or maybe it’s because of the region’s attractiveness that the workforce we need struggles to live here. The new term ALICE (Asset Limited Income Constrained Employed) describes what...

What ‘Brown’ Has Done For Us

Does effective public policy become poor policy when it crosses a street? Is a bad idea in one part of town a good idea when it’s implemented a few blocks away? Those seem like odd questions. But they’re pertinent given the evolving attitudes among many local...

Behavioral Finance Explains Why You Aren’t Saving

Americans are not saving enough for retirement. Behavioral finance attempts to answer why there is a lack of retirement savings and, more importantly, makes recommendations as to how to fix the deficit. Saving is not easy. There are competing demands in raising children and purchasing a...

Show Me the Money: High loan demand spurs pressure for new deposits

Banks are stepping up the hunt for deposits in order to meet strong local demand for loans. “For the first time in seven years, I’m noticing a competitive pressure on deposits,” said Connie Deneweth, chief executive officer of Traverse City State Bank. “Banks are raising interest...