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Zeeland, Michigan (WOOD) — Two counties in Western Michigan will see unprecedented business growth in 2022, according to new research.
Lakeshore Advantagethe economic development organization for both Allegan and Ottawa counties, has released its 2022 Successful Projects and Performance Report, analyzing measurable expansion.
Last year, the county received a total of $2.38 billion invested by businesses, with another $436 million brought in for expansion. Jennifer Owens, president of Lakeshore Advantage, called these figures “historic.”
“This is historic in that it’s just a significant amount of investment and growth,” she said.
Nearly $2 billion of the funds invested came from two companies. Gentex When LG Energy Solution, considering using both Ottawa and Allegan counties for major projects. GenTex expands its Zeeland headquarters and creates 500 new jobs. LG plans to build a new Dutch facility to produce lithium-ion batteries for cars.
“We’re seeing signs of these expansions and great things to come,” Owens said.
Despite most of the contributions from large corporations, Lakeshore spends most of its time working with small businesses across the county to help them survive.
“I love seeing small and medium-sized growth because they are important employers for life,” Owens said. “These two big projects of his are unusual. We welcome them too, but we love small and medium-sized companies.”
Another key figure is the number of jobs created in 2022, with over 3,300 new job openings. Creating jobs is considered a good thing, but Owens said one of the biggest problems facing businesses in the county and across the country is finding workers to fill jobs. said.
Gentex announces plans to retain employees. On-site childcare facility After recognizing that it was what the workers considered necessary to remain employed there. Owens said moves like this have been on the minds of employers as the workforce continues to shrink.
“Attracting, retaining and growing our talent base is one of the most important things for our region,” she said. it’s finished.”
For the full report on the expansion project, please visit: Lakeshore Advantage website.
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