Michigan Business Network

Hand Selected in Spain and on their way to Michigan! Jim Milligan joins Chris Holman in the studio to discuss Fustini‘s story，and how this Michigan company is releasing the world’s freshest extra virgin olive oils。

The Fustini’s Select series of EVOOs became available starting November 19, while supplies last, at the four Fustini’s locations statewide (Traverse City, Ann Arbor, Holland, and Petoskey) and online at www.fustinis.com.

Chris Holman welcomed Chris Sell, Executive Director of Lansing 5:01 to the studio.

They are the CAMW! MVP of the month, They discussion focuses on Capital Comeback that Lansing 5:01 is hosting on Thanksgiving Eve.

For more information about this event, you can check out their

website: https://www.lansing501.com/capital-comeback-2019.html

Jackie Smythe is a second-year student at Michigan State University planning to study Supply Chain and Sustainability. Jackie spent two weeks in Costa Rica in 2018 studying “Business Sustainability and Entrepreneurship.” This experience led Jackie and three of her colleagues from the program to launch a start-up business, INFKNIT Apparel, a reversible, sustainable clothing company with a practical approach to clothing design. In this interview, we discuss the resources through MSU that assisted in the company’s launch. This interview is part of a series with students about their experiences inside and outside of the classroom that prepare them for careers in international business. The company website is at https://infknit.com/

Valerie McNamera is a first-year student at Michigan State University studying Business and International Relations/Pre-law. Valerie spent two weeks in Ireland over the summer in a program entitled “Globalization, Nationalism, and the Changing Face of International Trade” looking at Ireland’s place in the global business community and how it’s being affected by Brexit discussions. She is currently working as a student assistant in the International Business Center in the Eli Broad College of Business where she does research, assists with the globalEDGE website, and writes for the blog of trade issues. She wants to be an international business contract lawyer. This interview is part of a series with students about their experiences inside and outside of the classroom that prepare them for careers in international business.

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Gigi Ngcobo is a Senior at Michigan State University, majoring in Finance and User Experience Design. She currently serves a President of the MSU Women’s Association for Venture capital and Private Equity and Vice President of Spartan Blockchain Solutions. As an advocate for the development of emerging markets, she organized the inaugural MSU African Business Symposium; recordings from the event are available on globalEDGE Business Beat. Gigi aspires to help solve her community’s most pressing issues by establishing enterprises and strengthening the African business ecosystem. This interview is part of a series with students about their experiences inside and outside of the classroom that prepare them for careers in international business.

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Jeffrey Mosher was on hand as Sparrow Hospital introduced their new mother and newborn simulator mannequins, lifelike moveable figures that portray the steps of labor and birth. These mannequins were funded by the Sparrow Foundation’s Women Working Wonders and will be used as a teaching tool for Sparrow Nurses, Providers, and medical students. For instance, they can show a baby being born with signs of distress, giving clinicians a chance to respond and put their training into action. We’re also looking for help choosing a name for the simulator baby.

Tom Dickson leads his organization with a simple mission based upon providing family fun entertainment and positively outrageous customer service at a fair price. With those values, the Lansing Lugnuts have broken attendance records and become one of the most recognizable and respected teams in Minor League Baseball.

Tom Dickson purchased the Waterloo Diamonds in 1993. The team played as the Springfield Sultans in 1994-95 before making a final move to Lansing and switching to its current moniker. In 1996, the Lugnuts smashed the existing Class-A attendance record and had the top-selling merchandise in the minors. This interview is full of fun stories and great examples of leadership through adversity and change. Don't miss this engaging and fun trip down this Lansing memory lane....Batter up!

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Jeffrey Mosher speaks with Erick Stewart, President, Stewart Industries, Battle Creek, Michigan. Finding out about his and the company's path to a new project that has launched this fall.

Recent trade and tariff disputes, are set to impact Michigan manufacturers and businesses as a result companies are looking for cost-saving options. This FTZ offers an alternative to help local businesses thrive in the impending economic downturn.

STEWART Industries Foreign Trade Zone (FTZ) could save business threatened by tariff wars up to 80% in reduced tariffs. Located in Michigan, and with 20 years of manufacturing experience, STEWART understands those in the community who have been affected by the economy's changes.

STEWART Industries FTZ is unique as it allows those who use their services to save even more money. As sub-assemblers, STEWART employees inspect the parts and pieces within the FTZ for defects. Those items which don’t pass inspection will be destroyed, meaning the customer won’t be subject to its customs or duty charges.

A Foreign Trade Zone (FTZ) is an area that is considered to be outside of the commerce of the United States for customs purposes only. These are areas where imported goods can be stored, distributed, processed, and used without being subject to customs duty. FTZs provide customs-related advantages. Specifically, Foreign Trade Zones help U.S. companies compete in the global marketplace by eliminating, deferring, or reducing duties and potentially reducing other costs.

Jeffrey Mosher catches up with Kurt Rankin, Economist and Vice President with PNC Financial Services, Pittsburgh, PA.

They discuss, the results of PNC’s MI Fall Economic Outlook Survey of Small- & Mid-Size Business Owners. Here are some of the key findings:

• Despite tariff concerns, 46% of respondents are highly optimistic about the national economy, a new record high for the Michigan survey.

• 41% of Michigan business leaders are optimistic about the local economy, a level second only to the record high (45%) set a year ago.

• Only 36% of respondents say a recession is likely in 2020, with 53% saying a recession is unlikely. The recession outlook for 2021 is less rosy, however.

• Nearly half (48%) of respondents expect their company’s sales to increase over the next six months, a drop from the 62% who expect sales to increase in the fall 2018 survey.

• 21% of Michigan small business leaders plan to increase the number of full-time employees over the next six months, compared to 23% in fall 2018 survey.

• Michigan business leaders are split on the impact of the U.S. tariff policy on supplier prices, with 39% expecting an increase and 49% not expecting an increase.

Mike Laing joins Jeffrey Mosher at the MBN studio to discus Mawby Vineyards Celebrating the Holiday Season in Pure Michigan’s Leelanau County with MAGNUMS and MAC & CHEESE.

These events will be the 3 Saturdays following Thanksgiving up in the Traverse City / Suttons Bay vicinity. Listen to the interview for the details.