Grand Rapids Booms With New Projects

Grand Rapids is close to a achieving a record number of new developments. Despite supply chain issues, inflated costs and interest rates, and labor shortages, the city reported big numbers for new private investment in 2021. According the Grand Rapid’s Economic Development Director, it’s set to outpace 2021’s record again this year. Although its 2022 outcomes won’t be reported until the first quarter of 2023, the data is obvious. Although the city wants to retain the companies that have found their home in Grand Rapids and attract new ones, its biggest issue is an a housing shortage across all price points. Nine projects are in the works for 2023, promising to bolster Grand Rapids’ economy. They include business incubators, a community kitchen, co-working and retail spaces, a healthcare facility and a few affordable housing projects.