TO OUR INVESTORS AND PARTNERS
2018 was a banner year for The Right Place, Inc. Our team completed a recordsetting 29 business development projects, resulting in $439.7 million of capital investment and 2,155 new and retained jobs in our region. Few periods in our organization’s three-decade history have yielded this level of success for West Michigan.
The region continues to be a thriving global business center. West Michigan has a reputation as a destination for business success. It is also emerging as a community where talented people choose to live and work. We are often recognized as a model of what communities can achieve with a commitment to collaboration and a long-term, strategic vision for economic development.
This strategic vision guides our economic development efforts at The Right Place. When we launched our 2017-2019 Strategic Plan, we set aggressive goals: $500 million in capital investment, $150 million in new and retained payroll, and 4,200 new and retained jobs. With the conclusion of 2018, we have exceeded our goals for both payroll and capital investment. We are also fast-approaching our goal for new and retained jobs.
While we are proud of these achievements, the numbers alone do not tell the full story. The real impact of economic development is illustrated in the stories behind the numbers. It is in the thousands of West Michigan residents who now have quality jobs and can spend disposable income at local establishments. It is in the wide range of companies, from automotive suppliers to medical device manufacturers, that are investing in their businesses and creating a diversified regional economy. This report is a snapshot of those stories and the positive effect they have on our region.
This success would not be possible without the support of our investors, stakeholders, and partners. Your continued support of The Right Place’s economic development efforts allows our team to build on the region’s success and create a more resilient, stronger economy for years to come.
Chair, The Right Place, Inc.
President & CEO,
Herman Miller, Inc.
Birgit M. Klohs
President & CEO,
The Right Place, Inc.
PAYROLL BY INDUSTRY
INVESTMENT BY INDUSTRY
JOBS BY INDUSTRY
PROJECTS BY INDUSTRY
Every success starts with a strategy.
In January of 2017, The Right Place announced our 2017–2019 Strategic Plan. This three-year plan was developed with our board of directors, team members, and community partners, along with support from our strategic partners at PwC.