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...

Getting paid on time: Tips for managing receivables

REGION - If you've been in business for any length of time, you've probably had a few clients who have impacted your bottom line-but not in the good way. Customers who are slow to pay, or even don't pay, are a risk if you offer...

Trade credit insurance helps companies manage risk

Financial executives must continuously balance the cost of doing business with the risk of doing business. Each time a dollar of revenue is produced, all costs of generating that dollar have been thoroughly analyzed in an effort to maximize the profit margin, including costs associated...

Walker urges state cuts, reforms

STATE - Legislators are back to work again to try to find an answer to Michigan's revenue crisis. Because the six percent tax on dozens of Michigan services ignited widespread opposition, debate still continues in the hopes of resolving the state deficit.However,...

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...