Flint and Genesee County are poised for economic growth, says Chamber of Commerce

Flint and Genesee County are poised for economic growth, says Chamber of Commerce

The momentum for growth in Flint and Genesee County is there.

We’ve seen it and written about it at TheHUB Flint.

In order to get a little more detail about the growth we went to the Flint & Genesee Chamber of Commerce website to check out what was discussed at its 2018 Annual Meeting themed “Building the Future.”

We want to share what we found with you.

The results are impressive and, while there is still a long way to go, the building blocks are in place.

Talent recruitment, development and retention is key to growth in the region, says Tim Herman, CEO, Flint & Genesee Chamber of Commerce.

“Our strategy is working,” Chamber CEO Tim Herman told those attending the annual meeting. “While the type of change that we need here in Flint & Genesee doesn’t happen overnight, we can look back over the past three years and see that economic momentum has taken hold.”

What is needed is talent recruitment, development and retention, he  said. That’s key to growth in the region

“Employers are challenged with finding enough people with the right skillsets, which is an area in which the Flint & Genesee Chamber can assist,” Herman said. “That’s why talent is a major component of our 2018-2020 strategic plan.”

Lear Corp.’s $29 million investment to build a seat manufacturing facility on a portion of the former Buick City property is one prime example of growth. It is the first major automotive supplier manufacturing facility built in Flint in more than three decades. The plant will employ around 600 people once it reaches full production in 2019.

Here are some data points Herman shared:

  • The number of jobs grew by 4,330 in Genesee County over the past five years.
  • Total wage growth increased 19.4 percent over the past five years.
  • The unemployment rate rose slightly from the previous year, from 5 percent to 5.7 percent, with more people returning to the labor force.
  • Home prices rose 14.86 percent in 2017 over 2016.

Following are 2017 accomplishments directly related to the chamber’s economic development, tourism and education efforts, and other programs and services:

Capital Investment and Jobs

  • Supported more than $296 million in total investment and government contract value
    • 15 investment projects generated an estimated $36 million in annual payroll
    • 1,108 jobs created and retained
    • 186 assistance projects; 132 existing businesses assisted; 285 entrepreneurs and start-ups assisted
2,307 students were served through YouthQuest in 2017.

Education and Talent Development

  • 2,307 students served through YouthQuest
  • Served 2,737 students through 99 career prep workshops
  • Graduated 623 teens and adults TeenQuest and Career Edge
  • Hired 388 teens through the Summer Youth Initiative (SYI) Job Fair

Small Business Support and Community Engagement

  • Conducted 146 workshops, which served 4,614 firms and trained 8,073 employees
  • 45,847 individuals attended 374 events
  • 76 workshops/webinars/member engagement opportunities held, with 1,365 total attendance
  • 23,200 volunteer hours logged by Chamber staff and partners
For-Mar Nature Preserve’s tree house was one of the stops on the “Be a Tourist in Your Home Town Tour last year.

Destination Flint & Genesee

  • More than $133 million in tourism economic impact due to overnight hotel room rentals in Genesee County
    • Lodging revenue rose 2 percent and occupancy increased 1 percent
  • 19 Art of Achievement honorees recognized for outstanding business and community leadership
  • 1,100-plus participants experienced the Flint area through “Be A Tourist in Your Home Town” event
  • More than 300 active certified Tourism Ambassadors in Genesee County

According to the chamber, its new strategic plan is designed to further improve the region’s economic wellbeing and quality of life. The four primary goals are:

  1. Be a relentless force for facilitating economic growth in Genesee County
  2. Build a strong business community that furthers the collective and individual success of businesses in Flint & Genesee
  3. Support the success of our region’s growing workforce with K-12 career preparation programs and adult talent development
  4. Improve the perception of Flint & Genesee to increase tourism and drive business in the region

“We believe these goals and our strategies will help us create the kind of place where people want to be and businesses what to locate to and grow,” said Herman.

You can download entire 2017 annual report here.

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