The Wyoming Kentwood Chamber will hold its 43rd Annual Dinner & Awards Ceremony Friday, a celebration that will not only honor outstanding businesses and individuals, but also mark a significant rebranding milestone.
This year, the Chamber is unveiling its new name, South Kent Chamber, a change that better reflects the diverse and thriving business community it represents.
“The annual dinner serves as more than just a celebration; it is a platform for fostering community engagement, networking and collaborations among local businesses. Attendees can anticipate an enjoyable evening filled with dinner, a cash bar, and the highlight of the evening,” said Keith Morgan, CEO of South Kent Chamber.
The awards to be presented at the event include:
Distinguished Service Award
Volunteer of the Year Award
Business of the Year Awards (Manufacturing, Retail, Service)
Committee of the Year Award
Attendees will get an exclusive sneak peek into the South Kent Business Journal, a comprehensive business publication designed for the modern professional. It offers exclusive interviews with area leaders, business trends, market insights, and thought-provoking commentary on current business landscapes. This year’s ceremony also will feature the introduction of new incoming board chairs and board members.
Locker Room by LIDS has joined the dynamic lineup of retailers at Woodland Mall, offering a large variety of both collegiate and professional sports team merchandise.
Featuring everything from custom team gear to novelty sports items, the new store is open in the Macy’s wing near center court at Woodland Mall, 3195 28th St. SE Grand Rapids. Within its 1,874 square-foot space, shoppers will find a wide variety of professional and collegiate sports gear.
“We’re thrilled to add another business from the LIDS lineup to Woodland Mall,” said Mikia Ross, interim senior marketing director. “Sports fans of all affiliations can find the perfect apparel and merchandise to rep their favorite team, with customized options available.
“The variety and quality available through Locker Room by LIDS align with our vision to provide shoppers with excellent selection and service.”
Locker Room by LIDS is owned by LIDS Sports Group, a leading North American omni-channel sports licensed retailer which is made up of more than 1,100 mall-based, airport, street level and factory outlet locations nationwide, and in Canada and Puerto Rico.
Woodland Mall features an exclusive lineup of dynamic retailers, including Apple, Dry Goods, Forever 21, H&M, The North Face, Pottery Barn, Sephora, Williams-Sonoma and Von Maur, along with several dining establishments, including The Cheesecake Factory and Black Rock Bar & Grill. The mall is also home to the newly renovated Phoenix Theatres, featuring all-new premium heated reclining seating, 4K digital projection with Dolby Atmos, first-run movies and family-friendly pricing.
The City of Kentwood is encouraging local businesses, organizations and community members to gather donations to help replenish the shelves at the Little Free Pantry.
Kentwood’s Little Free Pantry is a free resource that provides food to community members in need. Anyone can give to and take from the pantry, with no questions asked and no application needed.
The pantry operates year-round and has two locations: the Kentwood Activities Center, 355 48th St. SE, and the Kent District Library – Kentwood (Richard L. Root) Branch, 4950 Breton Ave. SE.
Donations needed
The Little Free Pantry has seen an increase in use over the past few years and is in immediate need of donations. Preferred donation items include canned and nonperishable food items and personal care items. A list of suggestions can be found at kentwood.us/LittleFreePantry.
“In the past, the Little Free Pantry has stayed stocked thanks to food drives and donations from our generous community,” said Val Romeo, director of parks and recreation. “We typically see a lot of donations around the holiday season, but there is need all year.
“We’re urging community members to donate a little earlier than normal this year. Whether it’s a handful of canned goods donated by an individual, an entire food drive put on by a local business or a financial contribution, any donation helps families in our community.”
The pantry has several donation drop-off locations throughout Kentwood. Collection hours and locations are as follows:
Kentwood Activities Center, 355 48th St. SE: Drop off donations 8 a.m. to 5 p.m. Monday through Thursday and 8 a.m. to 4 p.m. Friday.
Kentwood City Hall, 4900 Breton Ave. SE: Place donations inside the collection bin 7:30 a.m. to 4:30 p.m. Monday, Wednesday and Thursday, 7:30 a.m. to 6 p.m. Tuesday and 7:30 a.m. to noon Friday.
Kent District Library – Kentwood (Richard L. Root) Branch, 4950 Breton Ave. SE: Place donations inside the collection bin located in the lobby from 9:30 a.m. to 8 p.m. Monday through Thursday, 9:30 a.m. to 6 p.m. Friday, 9:30 a.m. to 5 p.m. Saturday and 1 to 5 p.m. Sunday.
Kentwood Justice Center, 4740 Walma Ave. SE: Place donations inside the collection bin 8 a.m. to 5 p.m. Monday through Friday.
Kentwood Public Works, 5068 Breton Ave. SE: Place donations inside the collection bin 6:30 a.m. to 3 p.m. Monday through Friday.
Kentwood’s Little Free Pantry initiative began in 2017 as a Martin Luther King Jr. Day community service project to fill an immediate and local need. A second location was added in 2021.
To make a financial donation or find more information about Kentwood’s Little Free Pantry, visit kentwood.us/LittleFreePantry.
With prices continuing to skyrocket, Michigan residents and business owners search for the reason behind the perpetual inflation, and when it might end.
Global issue as well
Many economists and local business leaders say increasing costs for businesses are the driving force behind rising prices. And that continuing inflation is a concern not only statewide, but nationally and globally as well.
As the world emerges from the emergency status of the COVID-19 pandemic, business owners and consumers are fighting against ongoing residual effects, namely inflation. Due to supply issues during the pandemic and current labor shortages, prices for everyday goods have skyrocketed, with consumer prices up 9.1 percent over year end June 2022. U.S. Bureau of Labor Statistics
Exercise patience
Despite the economic concern, Keith Morgan, president and CEO of the Wyoming-Kentwood Chamber of Commerce, advises community members to, “Temper your decisions…exercise patience. It’s not as bad as they make it seem…and it’s not as good as some people think it may be.”
Keith Morgan, president and CEO of the Wyoming-Kentwood Chamber of Commerce. (Courtesy)
In regard to business owners, “The biggest impact right now that businesses need to be aware of, the key is, preparation,” said Morgan to WKTV. Most small businesses are not prepared for crises such as a pandemic. “A business is going to typically have a 6-month runway (also known as a reserve) if they are in a good position…some may have 12 months. Very few are going to have 24 months.”
With the pandemic lasting longer than businesses anticipated, several owners found themselves floundering.
“What a lot of people are experiencing,” continued Morgan, “is that they are having to pivot. They are forced to reevaluate their paradigm. The businesses that have done well are the ones that are finding ways to provide different services or provide different products…and finding avenues to be more efficient.”
Government help available
Morgan also revealed that government help is available for businesses, but that many organizations are hesitant to take advantage of different funds that are available, such as ARPA (American Rescue Plan Act) funds, due to not having information about those advantages.
Local Chamber of Commerce networks offer professional advisors and relationships business owners can take advantage of, and that can help them understand that information so they can make better decisions.
Some aspects of the inflation crisis, however, cannot be avoided.
Labor shortages
Labor shortages have had a large bearing on inflation. With fewer workers available for businesses to draw on, they are finding the need to offer incentives, such as higher pay rates and benefits. Something that will make a “significant difference” in employer expenses, Morgan said.
Tim Mroz, senior vice president of Community Development for The Right Place. (Courtesy)
Tim Mroz, senior vice president of Community Development for The Right Place, agrees that one of the prevailing struggles is “the ability for employers to stay competitive with wages, and employees to keep up with the cost of living.”
Offering such incentives, however, increases cost to the employer. “Companies just can’t eat that total cost,” Morgan said. “So that cost has to be passed on to the consumer who is buying your service or product.”
The company that offers that service or product now must raise that rate to be able to account for the additional cost to their business. Add in meeting profit margins and expectations from investors, and that cost increases exponentially.
Supply chain issues
Supply chain issues are also a large factor of inflation.
“The good news is that we are seeing progress,” Mroz continued. “I think we’ve gotten beyond the emergency situation we were in a year ago during COVID. The supply chain issues we’re seeing today are a little more targeted at certain materials.”
Those manufacturers who are still experiencing supply issues, however, are now finding the problem compounded by rising prices when they can acquire those materials.
“Steel prices are still a challenge, both for construction steel and coiled steel.” At local steel manufacturers, Mroz said, “There is very little inventory. What they do have they are moving as fast as possible.
“Since 2020 to current quarter, construction prices have just about doubled. If it’s not under control soon, we’re going to start seeing pullbacks in the construction and development industry. That’s concerning because we need housing.”
Jason Parsons, senior construction project manager for Habitat for Humanity of Kent County, told WKTV that “All of the materials I have delivered to site, they are all adding a fuel surcharge onto the bill, which didn’t used to be there. We are getting regular cost increases on windows, siding, roofing.”
Parsons says it is not any one thing causing the increase.
“I think it’s the supply chain problems, it’s the delivery chain and trucking costs, manufacturers are having a difficult time keeping enough labor. They aren’t producing as much as they were, so they are charging more for what they are producing.”
Compounding the problems brought on by a lack in available materials is a shortage of truck drivers. That shortage has cost site workers delays as they wait for materials to be delivered.
“It’s a synergistic type of system that one thing doesn’t just affect one other piece,” Morgan explained. “One thing can affect 17 other pieces down the road, and they all work together.”
A social aspect also comes into play due to a growing mentality that there is no better time to raise rates because people are expecting it. Morgan mentioned the current gas market, observing that prices are unlikely to decrease back to yesterday’s normal, even if cost improves for the buyer because “(consumers) are used to paying it, and willing to pay it, and are paying it,” thus increasing the buyer’s profit margin.
These thoughts are supported by a current podcast, Trend Talks with ITR Economics, specifically episodes from “The Consumer, Interest Rates, and Gas Prices” with Alan Beaulieu, March 18, 2022, and “Pricing at the Peak” with Connor Lokar, January 14, 2022.
Over the 12 months ended June 2022, the Consumer Price Index for All Urban Consumers increased 9.1 percent. The 9.1-percent increase in the all items index was the largest 12-month increase since the 12-month period ending November 1981. U.S. Bureau of Labor Statistics
Will consumers see a decrease in prices?
Morgan says yes, but it will take time.
“Inflation will decrease due to what the market can bear,” he explained. “Prices are based off of what people will buy.”
Parsons agreed.
“It’s all supply and demand. If supply increases and demand goes down, the prices will come down. They have to.”
Federal Reserve taking action
The Federal Reserve has already taken action by purposely increasing their rates.
“The Federal Reserve has the most impact on the value of a dollar,” Morgan said. “They can change the numbers, which will tighten up the financial market and the base has to follow suit. If they (Federal Reserve) tighten up the economy, and people aren’t able to go out and get as many loans, they can’t do as many things, then that will typically drive the prices back down because you have a surplus in the market.”
No easy fix
Even so, Morgan believes it will be a minimum of a year to bring the economy back down from inflation, with economists saying it could be as long as 18 to 24 months. But Morgan cautions that a lot can happen in 24 months, and to “temper your plans and expectations. There is really no easy fix.”
Both Morgan and Mroz agree that Michigan is not alone in its struggles.
A global problem
“This isn’t a Michigan-specific issue,” Mroz said. “It’s a national issue, I would argue that it’s even an international issue. Everybody is dealing with this right now, with global finance as connected as it is.”
Close to retirement?
When asked how the average consumer can prepare or help themselves right now, Morgan said each individual and family situation is different and dependent upon their needs but did suggest that those close to retirement pull their money from the market now and put that money in a savings account with very low risk.
“Economists are saying that, unless you have a 2-year runway where you can stay in the market without making any change, you need to get your money in a place where you’re not going to earn much interest, but at least you’re not going to lose much either, because the markets have trended downward,” Morgan said.
Despite the difficulties many individuals and business owners face, Morgan offers hope.
“We are not in an economy where we don’t have money,” Morgan explained. “We are experiencing inflation and it’s a concern, but it’s not such a concern to the extent that we are going to change our buying habits or change our lifestyle.”
Schuler Books is located Kentwood on 28th Street (WKTV/Faith Morgan)
By Faith Morgan WKTV Intern
At the start of the pandemic, many business owners had concerns of how they were going to continue bringing in business. It was no different for independently-owned Schuler Books with its owners worrying how they could continue to serve their customers and maintain a sense of community during a shutdown. It required the bookstore to go virtual.
“Keeping our customers and staff safe during this time has been our number one priority and will continue to be,” said Schuler Books Event Coordinator Samantha Hendricks.
Through social media platforms, Zoom, Eventbrite, and personal shopping, Schuler Books was able to serve its customers and allow authors and illustrators to connect with their fanbase while staying safe. Moving events onto virtual platforms has enabled authors to continue to foster their relationship with their fans through Q&As and readings.
The Schuler Books 28th Street location is open to the public (WKTV/Faith Morgan)
Since reopening, the store has made some changes requesting in-store shoppers to wear face masks correctly and practice social distancing. They also have the option for customers to put items they do not want to purchase on designated tables marked throughout the store to be disinfected and then returned to its shelf.
Customers may put items they don’t want to purchase on designated tables (WKTV/Faith Morgan)
Since online shopping has increased during this pandemic, why shop local?
“It’s the personal touch,” Hendricks said. “It goes back to creating and maintaining those relationships with our community.
“Independent bookstores have more flexibility and our main goal is to leave a lasting impression on the customer that feels personal to them.”
Through its personal shopping service, the store has helped its customers in their search and offers suggestions for other similar items. In fact, staff curates lists of book for their customers based on their reading interests.
Schuler Books staff can offer suggestions based on a customer’s interest (WKTV/Faith Morgan)
Schuler Books still plans to continue to host virtual events such as author readings and Q&As during this month and Facebook Live readings of scary stories in the month of October.
For more information on future virtual events you can visit the store’s website or follow Schuler Books on Facebook and Instagram.
