Terry Beia and his partners had just sold some assets in their Traverse City-based oil and gas company, Omega Resources. So where to reinvest the gains? It was 1998, with investment choices galore, from a booming stock market to continued strength in the oil fields...
Potter/Ten Speed/Harmony/Rodale Books • June 4, 2019 • 336 pages • hardcover $25 Reviewed by Chris Wendel In a nutshell: Having a part-time gig or hustle is not just a way to supplement income. It’s also a process to workshop and grow a business while minimizing the risks...
Hiring a full-time, in-house CFO is an expensive proposition, especially for small or mid-sized businesses without a lot of capital to burn. Perhaps not surprisingly, accounting firms and other businesses are filling the void by offering a service that frees businesses from needing a full-time CFO. These...
The merger trend among local independent insurance agencies, which shifted into high gear last year, is also hitting the public accounting sector. Traverse City-based Dennis, Gartland & Niergarth (DGN), northern Michigan’s largest, locally owned public accounting firm, last month purchased Hill, Schroderus & Company, a Petoskey-based...
Financial institutions have long competed for deposits using a variety of lures, including promotional interest rates, tote bags and toasters. Frankfort-based State Savings Bank, which entered the Traverse City market last year, even offers a free pie to anyone who switches a checking account from another...
[caption id="attachment_26324" align="alignleft" width="300"] Joint Ventures is set to open a store called Highly Cannaco at 752 Munson Ave. in the former home of Life Story Funeral Home.[/caption] A lottery for 13 local marijuana dispensary/retail store licenses this past year sent commercial real estate prices in...
You know them for electricity or natural gas. But local utilities give back big to the Grand Traverse region – more than $833,600 last year alone benefiting community and residents. In visible and not-so-visible ways Consumers Energy Co., DTE Energy Co., Cherryland Electric Cooperative and Traverse City...
As we reflect on 2019 and look to 2020, we have an exciting opportunity to chart a course for what the next decade will look like for the Grand Traverse area. We have momentum across the region with economic success, new business and community support systems,...
At Hagerty, we have a corporate social responsibility (CSR) program, as most corporations do. I’ve never cared for the term. It sounds cold and stiff, almost as if giving back is a moral obligation or something done out of guilt. For this reason, I don’t even...
The Grand Traverse region has earned a reputation for donating to worthy causes. From education to conservation, the arts to healthcare, people step up. “It’s a uniquely philanthropic community,” said Rebecca Teahen, the associate vice president for resource development at Northwestern Michigan College and the executive...
