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Officials See Economic Optimism for the Region

Lansing has seen a steady recovery in its economy during 2021 and early 2022.

Economic growth in Lansing has been on a rollercoaster ride over the last five years. 

That is the assessment of Lansing Economic Development Corp. President and CEO Karl Dorshimer — and it’s safe to say many Lansing business owners, workers and customers agree. 

Low interest rates, low inflation, stable construction costs and strong economic growth were common in 2018-2019; however, 2020 brought COVID-19, economic shutdowns and great uncertainty about the future. 

Dorshimer said Lansing has seen a steady recovery in its economy during 2021 and early 2022, with manufacturing and the production of critical goods and services powering recent growth. 

“I am excited about what the future holds for Lansing,” Dorshimer said. “It’s a complicated situation, but I believe the Lansing economy will weather any downturn and be poised to spring back when costs and interest rates drop back down sometime later this year or in early 2024. I anticipate that once this happens there will be a surge in economic development in Lansing, and we will again head into a growth phase.” 

Lansing Mayor Andy Schor is similarly optimistic, citing several Lansing projects in his account of the city’s growth. These include the rehabilitation and transformation of the former Sears site on Michigan Avenue to ROECO, a regional mixed- use entertainment destination; the construction of the Ultium Cells battery cell manufacturing plant, which will employ 1,700 people; and many others. 

The mayor said more housing and new investment lead to more jobs and a better future. 

“We can be a vibrant, lively city and provide great amenities for our residents and visitors, while also focusing on the future growth we need to compete with our region for more jobs and development opportunities,” Schor said. 

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