GRAND RAPIDS, Mich. (WOOD) — Business is booming in West Michigan.
According to Grand Valley State University, the region saw some of the biggest gains in job growth in the country over the last few years.
Brian Long, the director of supply management research at GVSU’s Seidman College of Business, said indicators show West Michigan’s economy is stronger than the nation and the state in terms of low unemployment, new businesses coming and the strength of existing companies.
He said that is due in part to reshoring. There has been a lot of growth in the automotive industry as jobs that went to other countries during the recession are returning.
“Our companies here locally can go toe-to-toe with any companies in the world in terms of price and quality,” Long said. “Now, they weren’t able to do that a few years ago, but they are able to do it now, and that’s why we see the growth and the decline in unemployment the way we have.”
Watch above: Long discusses the factors impacting the West Michigan economy.