As reported by MiBiz.com, a monthly survey conducted by the Seidman College of Business at Grand Valley State University indicates that Grand Rapids' economy is strong and growing.
According to excerpts from the story:
The greater Grand Rapids economy is experiencing strong growth, according to the results of a monthly survey compiled by Brian G. Long, director of Supply Management Research in the Seidman College of Business at Grand Valley State University. The survey results are based on data collected in the last two weeks of April. The new orders index, which tracks business improvement, shot up to a 16-year high of +51, building on last month's +20.
"For the first time in the 21-year history of the survey, not a single firm reported business conditions to be weaker than the previous month," said Long. In other measures, the production index rose to +44, up from +30. The purchasing index climbed to +39 from +17. The employment rose to +22 from +17, but Long noted that the area economy has not returned to the output and employment levels of 2005.
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