Traverse City Business News

Traverse City Business News Since 1994, the region’s leading media outlet to reach successful, well-educated professionals – more than 12,000 readers per month.

Traverse City Business News
09/30/2019

Traverse City Business News

Traverse City Ticker
08/07/2019
Traverse City Ticker

Traverse City Ticker

The Ticker has learned that Hagerty, one of Traverse City’s largest and most recognizable employers, has sold a 25 percent interest in the company for $212.5 million to insurance and investment giant Markel.

Company officials say the move was made to provide capital to accelerate the growth of its Hagerty Drivers Club membership organization, as well as its insurance operations.

06/11/2019

Unfortunate news for metro Detroit could be good news for Traverse City. Lear Corporation will close a facility in Taylor, Mich. and offer to relocate up to 76 positions to its growing Traverse City facility. The news was first reported by Crain's Detroit Business. More details in tomorrow's Traverse City Ticker.

Walking paths, fat tire bikes, yoga, kayaks and stand up paddle boards aren’t just popular for leisure. Employers are no...
05/30/2019
Traverse City Business News | Sweat Equity: Local companies put grants toward employee wellness

Walking paths, fat tire bikes, yoga, kayaks and stand up paddle boards aren’t just popular for leisure. Employers are now tapping into these activities and more to boost the health and well-being of their employees – incorporating exercise, nutrition, furnishings and other offerings into daily work worlds.

In Health/Wellness & Vanity, Issue 2019 May By Amy Lane Sweat Equity: Local companies put grants toward employee wellness TentCraft used a 2016 grant to help buy paddle boards, kayaks and snowshoes for employees to use. Walking paths, fat tire bikes, yoga, kayaks and stand up paddle boards aren’t ...

Two Northwestern Michigan College programs are renowned on a nationwide level and can claim an exceedingly rare and desi...
05/27/2019
Traverse City Business News | NMC’s in-demand Maritime programs boast 100 percent employment rate

Two Northwestern Michigan College programs are renowned on a nationwide level and can claim an exceedingly rare and desirable stat: 100 percent employment rates for program graduates.

In Education & Training, Issue 2019 May By Craig Manning NMC’s in-demand Maritime programs boast 100 percent employment rate The Maritime Technology program has received more than 350 applications for fall 2019, with the application window still open until July 1. Two Northwestern Michigan College...

Exciting things are starting to percolate in the realm of economic development for the Grand Traverse region, according ...
05/15/2019
Traverse City Business News | A Clear Strategy for Economic Development

Exciting things are starting to percolate in the realm of economic development for the Grand Traverse region, according to Warren Call of the Traverse City Area Chamber of Commerce. Several initiatives are still in the early stages, but there’s no question that 2019 will be a year of formative change in our community’s approach to fostering measurable and impactful economic growth for the region.

In Issue 2019 May By Warren Call A Clear Strategy for Economic Development Exciting things are starting to percolate in the realm of economic development for the Grand Traverse region. Several initiatives are still in the early stages, but there’s no question that 2019 will be a year of formative ...

As we have the previous two years, the TCBN again explores the northern Michigan realtors listing and selling the most r...
05/12/2019
Traverse City Business News | 50 Hot Sellers: Our Region’s Top 50 Volume Realtors for 2018

As we have the previous two years, the TCBN again explores the northern Michigan realtors listing and selling the most real estate. Following is the list of the top 2018 volume Realtors, based on actual listings and sales data provided by BrokerMetrics, including the top 50 in the five-county area (Antrim, Benzie, Grand Traverse, Leelanau and Kalkaska).

In Cool Props/Hot Sellers, Issue 2019 May By Tcbn Staff 50 Hot Sellers: Our Region’s Top 50 Volume Realtors for 2018 As we have the previous two years, the TCBN again explores the northern Michigan realtors listing and selling the most real estate. Following is the list of the top 2018 volume Real...

Traverse City Business News
05/12/2019

Traverse City Business News

Two senior living facilities in Traverse City are turning the page on a fresh start.The properties, owned by local real ...
03/27/2019
Traverse City Business News | A New Leaf: Local senior living facilities rebrand, set sights on improved hospitality

Two senior living facilities in Traverse City are turning the page on a fresh start.

The properties, owned by local real estate developer Bill Clous, have operated for the past five years as Traverse Victorian Senior Living and Water’s Edge Senior Care, respectively. Clous still owns the properties, but management has been taken over by Jason Thibodeau and Amber Phillips. Traverse Victorian Senior Living, situated at the corner of Munson Avenue and Eighth Street, will be rebranded as Northern Star Assisted Living. Water’s Edge, which is located at 4612 US-31 South, is now Aurora Senior Living.

In Issue 2019 March By Craig Manning A New Leaf: Local senior living facilities rebrand, set sights on improved hospitality Two senior living facilities in Traverse City are turning the page on a fresh start. The properties, owned by local real estate developer Bill Clous, have operated for the past...

Up until a couple years ago, no one would have mentioned “Traverse City” and “space technology” in the same breath. Now,...
03/21/2019
Traverse City Business News | Blast Off: How northern Michigan is launching as an aerospace contender

Up until a couple years ago, no one would have mentioned “Traverse City” and “space technology” in the same breath. Now, northern Michigan is a growing epicenter for activity, innovation, manufacturing and talent in the aerospace industry. How did we get here, and where are we going next?

In Issue 2019 March, Technology By Craig Manning Blast Off: How northern Michigan is launching as an aerospace contender Satellites, spaceports, and heat-treated aircraft parts: these are a few elements of Traverse City’s growing aerospace industry. Up until a couple years ago, no one would have m...

03/19/2019
Traverse City Ticker

Traverse City Ticker

Hey readers - A new trend in student loan debt is repayment support offered through employers (often through services like Gradifi). We're looking for examples locally of employers who offer this benefit. Know of one in the region? Comment here, or send an email to [email protected]. Thanks!

Is blockchain poised to change the world of banking and finance? According to most industry experts, the answer is yes –...
03/18/2019
Traverse City Business News | Old Dog, New Tricks: How buzzy cryptocurrency technology is changing the game for finance

Is blockchain poised to change the world of banking and finance? According to most industry experts, the answer is yes – but with a caveat.

In Banking/Finance/Wealth, Issue 2019 March By Craig Manning Old Dog, New Tricks: How buzzy cryptocurrency technology is changing the game for finance Is blockchain poised to change the world of banking and finance? According to most industry experts, the answer is yes – but with a caveat. In all ...

Pain management has been an ongoing facet of healthcare for generations. However, as the challenges of opioid addiction ...
03/14/2019
Traverse City Business News | Alternatives to Opioids: New innovations in pain management

Pain management has been an ongoing facet of healthcare for generations. However, as the challenges of opioid addiction rage through the country and states like Michigan adopt new regulations, physicians, caregivers, and health systems are pursuing new medical and intervention strategies to treat patients for acute and chronic pain.

In Healthcare, Issue 2019 March By Mary Bevans Gillett Alternatives to Opioids: New innovations in pain management Pain management has been an ongoing facet of healthcare for generations. However, as the challenges of opioid addiction rage through the country and states like Michigan adopt new regul...

As a business owner, processing payroll and expenses can be challenging. Add determining when and how to finance things ...
03/04/2019
Traverse City Business News | Dynamic Duos: Local business owners lean on their key advisors

As a business owner, processing payroll and expenses can be challenging. Add determining when and how to finance things like expansion and major purchases, and follow that up with the yearly changes in tax laws, and it’s clear that unless you’re an expert or have plenty of time to become one, it’s beneficial to have an outside accountant or firm on your side. For that reason, many include their accountant as a key member of their team.

In Banking/Finance/Wealth, Issue 2019 March By Ross Boissoneau Dynamic Duos: Local business owners lean on their key advisors As a business owner, processing payroll and expenses can be challenging. Add determining when and how to finance things like expansion and major purchases, and follow that up...

Traverse City Business News
03/04/2019

Traverse City Business News

While Michigan's new marijuana legislation does not fundamentally alter employment relationships, it does present practi...
02/25/2019
Traverse City Business News | What Does Michigan’s Recreational Marijuana Law Mean for Employers?

While Michigan's new marijuana legislation does not fundamentally alter employment relationships, it does present practical and legal challenges that employers will need to consider.

In Human Resources/Workplace, Issue 2019 February By Anders Gillis What Does Michigan’s Recreational Marijuana Law Mean for Employers? This past November, Michigan voters decided to pass a proposal allowing for the recreational the use of marijuana for persons 21 years of age or older in private l...

Finding job opportunities and other accommodations for “trailing spouses” has long been a challenge — and continues to b...
02/21/2019
Traverse City Business News | It Takes Two: Employers, business groups work to welcome ‘trailing spouses’ to the community

Finding job opportunities and other accommodations for “trailing spouses” has long been a challenge — and continues to be — for many employers, especially those in smaller communities like Traverse City with fewer job options for following spouses and partners. The lack of an employment opportunity for a spouse or partner in a new community can be a significant recruiting barrier for companies seeking top talent, but several local groups are addressing the problem.

In Human Resources/Workplace, Issue 2019 February By Rick Haglund It Takes Two: Employers, business groups work to welcome ‘trailing spouses’ to the community Ryan and Ann Olson longed to return to their native Grand Traverse region from the Lansing area to raise their family. But it didn’t se...

Traverse City is a known major destination for tourists, but what about business groups? In recent years, more meeting p...
02/19/2019
Traverse City Business News | Destination TC: Convention and business groups a big focus for TC Tourism

Traverse City is a known major destination for tourists, but what about business groups? In recent years, more meeting planners and associations have been looking at Traverse City for their annual meetings, conferences, trade shows, seminars or events.

In Issue 2019 February, Travel/Meetings/Events By Craig Manning Destination TC: Convention and business groups a big focus for TC Tourism Traverse City is a known major destination for tourists, but what about business groups? In recent years, more meeting planners and associations have been looking...

02/15/2019
Traverse City Ticker

Traverse City Ticker

Cherry Capital Airport - TVC will begin offering weekly non-stop service between Traverse City (TVC) and Florida’s Sarasota-Bradenton International Airport (SRQ) in March. Beginning on March 16, Elite Airways flights will depart every Saturday from SRQ at 8:30am and arrive at TVC at 11:30am; flights will also depart TVC at 12:30pm and return to SRQ at 3:30pm. The company hopes to expand to twice-weekly service this summer. Early-bird fares start at $199 and go up to $299 plus taxes and fees, and are available at 877-393-2510 and on Elite Airways’ website.

Elite Airways operates a fleet of Bombardier CRJ-200 and CRJ-700 jet airliners. Passengers receive free snacks and beverages, first checked bag, and no ticketing change fees, according to airport representatives.

More than 500,000 passengers passed through the Cherry Capital Airport in 2018, a record year for an airport that seemin...
02/04/2019
Traverse City Business News | TVC Soars: With record passenger traffic, Cherry Capital Airport looks to an even bigger future

More than 500,000 passengers passed through the Cherry Capital Airport in 2018, a record year for an airport that seemingly has few limits on future growth. Airport director Kevin Klein attributed the increase to new routes and more flights, a growing regional population, a strong economy, and runway improvements that allow for larger planes to serve the airport.

In Issue 2019 February, Travel/Meetings/Events By Rick Haglund TVC Soars: With record passenger traffic, Cherry Capital Airport looks to an even bigger future More than 500,000 passengers passed through the Cherry Capital Airport in 2018, a record year for an airport that seemingly has few limits on...

Traverse City Business News
02/04/2019

Traverse City Business News

The Paid Medical Leave Act (PMLA) and Improved Workforce Opportunity Wage Act (IWOWA) were signed into law by Gov. Snyde...
01/20/2019
Traverse City Business News | New Obligations for Employers in 2019: Laws mandate paid medical leave, minimum wage increases

The Paid Medical Leave Act (PMLA) and Improved Workforce Opportunity Wage Act (IWOWA) were signed into law by Gov. Snyder last month. Both laws will become effective around April 1, 2019.

The PMLA mandates that employers with 50 or more employees will provide 40 hours of paid medical leave (PML) to eligible employees each year, which also covers paid leave for employees dealing with issues related to domestic violence and sexual assault. The IWOWA provides for mandatory minimum wage increases for employees each year, with an increase from $9.25 to $9.45 per hour in 2019, increasing incrementally to $12.05 per hour by 2030.

All Michigan employers who employ hourly workers will be affected by these laws – and employers have just three months to prepare.

In Issue 2019 January By Janis Adams New Obligations for Employers in 2019: Laws mandate paid medical leave, minimum wage increases The Paid Medical Leave Act (PMLA) and Improved Workforce Opportunity Wage Act (IWOWA) were signed into law by Gov. Snyder last month. Both laws will become effective 91...

What will we be reading and hearing about this year? From big changes in key community leadership positions to medical m...
01/07/2019
Traverse City Business News | What to Watch: What will make headlines in 2019?

What will we be reading and hearing about this year? From big changes in key community leadership positions to medical marijuana businesses in Traverse City, the TCBN has once again compiled a list of the people, places, and products that we predict will be making headlines in 2019.

In Cover Story January 2019, Issue 2019 January By Tcbn Staff What to Watch: What will make headlines in 2019? What will we be reading and hearing about this year? From big changes in key community leadership positions to medical marijuana businesses in Traverse City, the TCBN has once again compile...

Traverse City Business News
01/07/2019

Traverse City Business News

Traverse City Ticker
12/20/2018

Traverse City Ticker

BREAKING: The Ticker has learned that Traverse City Area Public Schools (TCAPS) Superintendent Paul Soma notified staff this afternoon that he will resign effective this coming summer. Soma was just earlier this month rated “highly effective” by the TCAPS board and given a contract extension and a raise. Soma first joined the district 17 years ago, and has served as superintendent since 2015. Read much more in tomorrow's Ticker.

12/06/2018
Traverse City Ticker

Traverse City Ticker

BREAKING: Noelle Moeggenberg has been named the new prosecuting attorney for Grand Traverse County. She was officially named to the position this morning by Judges Thomas Power and Kevin Elsenheimer and will succeed Bob Cooney, who was elected in November to serve on the bench in the 86th District Court. Moeggenberg, who previously served as chief assistant prosecuting attorney in Grand Traverse County, will be sworn into her new role in January and serve the rest of Cooney’s term through 2020, at which point she’ll be up for election. See tomorrow’s Ticker for more details on the announcement.

12/04/2018
Traverse City Ticker

Traverse City Ticker

UPDATE: After nearly a year of discussion, Traverse City commissioners voted 5-2 tonight to allow medical marijuana facilities in the city. The new rules allow dispensaries to operate in Traverse City, along with grow operations, processing facilities, testing laboratories, and secured transportation companies. The board limited the number of dispensaries allowed in the city to 13, and banned them from TC’s downtown district. Dispensary licenses will be available through a lottery system after May 3, allowing enough time for interested business owners to apply. Commissioners Tim Werner and Richard Lewis opposed the motion, citing their desire to restrict the number of dispensaries to just three.

Commissioners tonight also voted 4-3 to temporarily opt out of allowing recreational marijuana sales in Traverse City until the state establishes its rules and regulations for the product, as was previously done for medical marijuana. Several cities in Michigan have made such a move to buy themselves time to create rules to regulate recreational marijuana, which becomes legal in the state December 6. Commissioners made it clear they expected to revisit the decision and potentially opt the city back in once they can establish new rules for recreational marijuana. The opt-out decision only bans recreational marijuana sales in the city; it does not prevent residents over 21 from growing up to 12 plants for their own use or using recreational marijuana purchased outside the city’s boundaries, as will become legal in Michigan this week.

Read more about tonight’s decision in tomorrow’s Ticker.

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