March 2017 Issue
The State of Credit for Business
From 2008 through 2011 a common theme was “none of the banks are lending.” For many business owners in Michigan this was a true statement. Mega-banks, large regional banks, and many longtime community financial institutions tightened their purse strings, stopped lending, and in some cases were the cause for certain Michigan businesses to shut their doors. Some of this was caused by regulation and some because the financial institutions were finally forced to deal with loans that had been bad for long enough. The affect was the same: access to credit for many small- and medium- sized businesses in Michigan …
Tech Meetings Generate Ideas, Capital
Think you could compress an entire business idea into a five-minute presentation, then field questions for another five minutes? Part Ted Talk, part Shark Tank, TCNew Tech meetups require just that.
It is not for the faint-hearted, but it is a model that apparently works for many local entrepreneurs. There is no shortage of applicants. In fact, TCNew Tech events, held the first Tuesday of every month at 6 p.m., have expanded over the past …
Multi-media project highlights millennials making an impact
It’s no secret that Traverse City is getting older. In 2015, residents age 18-34 made up 21 percent of Grand Traverse County’s population. By 2025, that is forecasted to decrease to 20 percent and by 2040 to 19 percent according to projections from the University of Michigan.
Conversely, residents age 65+ are forecasted to increase to 21.5 percent of the population by 2025, and to 23 percent by 2040. That is from a starting point …
Profits Aren’t Everything, They’re the Only Thing
No-nonsense rules from the ultimate contrarian and small business guru
By George CloutierHarper Business, 192 pages, paperback $14.99, e-read edition $13.99Reviewed by Chris Wendel
In a Nutshell: Hard-nosed business advice from an old school businessman.
Who’s it for? Small business owners, aspiring entrepreneurs.
Author Quote: “There is no $ in team, just mediocrity and excuses.”
Imagine your business was struggling to make ends meet. You call in a well-recommended business expert to turn things around. …
Male Call: More men in NMC’s nursing program and in the workforce
Father and son Jerry and Ted Stevenson at Munson. Jerry works in oncology, while Ted works in the Intensive Care Unit. Photo courtesy of Munson Medical Center.
The nursing program at Northwestern Michigan College is turning out male nurses at a greater rate than the national average. The associate’s …
Traverse City’s reputation as a center for innovative health care continues to grow, thanks in large part to Munson Medical Center, which employs more than 400 physicians across 50 specialties. Procedures that were once cutting edge in the nation’s foremost medical centers are now routinely done here. The area is …
Benzie Co. debuts fruit-and-vegetable prescription program on peels of successful TC pilot
Last year, some 170 individuals with chronic diseases or conditions like high cholesterol, high blood pressure and diabetes took a step in Traverse City toward better health.
They did so via a new type of prescription: fruits and …
The Bachelor's: Munson wants more nurses with bachelor’s degrees, challenges colleges to provide them
Munson Medical Center, like many large hospitals across the country, is striving to boost the educational attainment of its 1,100 nurses.
But its efforts are moving slowly and are complicated by a variety of factors, including limited opportunities for registered nurses with associate's degrees to obtain the coveted bachelor’s of …
Health Care Breakdown: What’s available, who pays for it, who’s covered?
America has been discussing health care, insurance, taxpayer-funded plans and out-of-pocket costs for months. Actually, we've been talking about it for decades and the conversation is nowhere near the end. I believe it is our right and responsibility to know how, where and why our tax dollars are spent. Let’s …
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 keeping a close …
One Size Does Not Fit All
By Kent Wood
Most every consumer has cast a wary eye toward a product or service labeled as “One Size Fits All.” Life experience tells us there are few things that work well in all situations. More often than not a solution for one situation can produce far different results …