The Right Place unveils plan to boost regional investment

Courtesy iStock A new three-year strategic plan from the region’s economic development agency aims to create and retain 4,000 jobs and generate $500 million in capital investments. The Right Place Inc. announced its new strategic plan Tuesday, Feb. 21, to a group of 240 investors. The crux of the plan aims to retain and create 4,000 jobs by the end of 2025. The Right Place’s region covers eight West Michigan counties, including Kent, Ottawa, Allegan and Muskegon counties. The plan also hopes to draw $550 million in capital investments and $100 million in community development investments in the same time period. “From both internal research conducted and stakeholder conversations held, we see that greater Grand Rapids has a great deal of opportunity in the years to come,” the report reads. “While by some measures — such as gross regional product growth — pre-pandemic momentum has slowed, our region’s growth still stands above most of our fellow Michigan metros. “As we look onward to become the growth leader in the Midwest, we must continue to tackle longstanding issues impacting the overall competitiveness of the region, such as industry diversification, capacity for innovation and talent retention.” Ernst & Young and more […]

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