Bank of Northern Michigan opens new doors

TRAVERSE CITY - After some 15 months of construction, the new Bank of Northern Michigan building at the corner of Union and State streets is set to open its doors Dec. 10. The $4 million new banking facility includes three floors and 15,000 square feet...

Downtown ranks high in retail survey

REGION - While downtown Traverse City sidewalks are packed during the summer months, a recent survey by the Traverse City Business News shows strong support of the downtown area by people who make their living here year-round. In fact, downtown is capturing a significant chunk...

Chamber starts Young Professionals Group

TRAVERSE CITY - Approximately 157 students are expected to graduate this month from Northwestern Michigan College. While many of these students will move on to jobs in big cities like Detroit, Chicago, or Boston, the Traverse City Area Chamber is striving to see that...

Crystal joins growing list of smoke-free resorts

When you hit the slopes at Crystal Mountain this winter, you'll see plenty of skiers and snowboarders. But one thing you won't see in any of the slope-side lodges or restaurants are smokers. The Benzie County resort has gone completely smoke-free in all buildings. The...

The DTCA: What it does, who leads it

TRAVERSE CITY - If you've ever wondered who conjures up the 23 or so annual activities that attract after-hours shoppers and curious onlookers to the sidewalks beneath the business district's glowing street lamps, it is the Downtown Traverse City Association.Nearly 200 downtown retailers and restaurants...

Specialty toy stores see surge in sales

TRAVERSE CITY - Toy manufacturers have recalled 61 toys so far this year compared to a total of 40 last year. The recalls mean huge financial losses for large companies such as Mattel and Baby Einstein. But for area toy shops that specialize in...

Oil & gas tax shelters as an asset class

As investors become more sophisticated, a new asset class labeled "Alternative Investments" has become routine when diversifying portfolios. These include such assets as real estate, precious metals and oil and gas. Let's look at oil and gas "tax shelters." These are usually marketed...