June 2022 Issue
A 'Normal' Summer? Traverse City's full slate of events begs a few questions
A "normal" summer.
It’s a prospect that local residents, businesses, event organizers, and tourism professionals have been hoping for since COVID-19 first waylaid Traverse City’s economy in 2020. 2022 may just be the year where “normal” and “summer” coalesce once more.
But after two years of safety protocols, depressed travel patterns, down revenues and misplaced optimism, does a 2010s kind of “normal” even still exist for Traverse City? And if so, will it be as easy to revert to as everyone hopes? Below, the TBCN explores the hopes and dreams of summer 2022.
How much ground is left to make …
Toast of the Town: Local Toastmasters International group addresses fear of public speaking
Tyler Cerny, the owner of Strata Design, wanted to boost his leadership skills and the profile of his company. Strata Design specializes in modular casework, plastic laminate furniture, and store fixtures for hospitals, medical office buildings, schools, retail stores, and other commercial buildings. He was also moving into a leadership role at the Architectural Woodwork Institute and knew that would necessitate some growth as well.
Both would require becoming more comfortable addressing others, especially larger …
'Hang in There': Mortgage lenders weigh real estate market's ups and downs
Traverse City’s real estate market has been a ball of chaos for two years running.
Homes selling for way above asking price, dozens of offers on a single house, all-cash sales, sight-unseen offers, bidding wars, escalation clauses, appraisal gaps, skyrocketing home values and dwindling inventory: These trends have all become commonplace in local real estate since the start of the pandemic.
If there’s an under-examined side to this story, though, it’s what all the chaos …
Attract, Retain, Reward: Stock options not just for large corporations
Stock options are not just for large multinational corporations. Stock options and other more advanced deferred compensation tools offer companies many opportunities to attract, retain and reward key employees while also providing many tax advantages.
With the current staffing shortages that many businesses face and the many employers offering these tools, considering these strategies should be a top priority both for employers and employees.
Stock options are a mechanism whereby a company grants an employee …