Kent County, Michigan is a diverse and thriving community located in the western part of the state. With a population of over 650,000 people, it is the fourth most populous county in Michigan. The county is home to several cities and townships, each with its own unique character and economic status. In this article, I will take a closer look at the current economic status of Kent County and how its various communities are faring.
The Economy of Kent County
Kent County has a strong and diverse economy, with a mix of industries that contribute to its overall growth and stability.The county's largest employer is Spectrum Health, a healthcare system that employs over 26,000 people. Other major employers include Amway Corporation, Meijer Inc., and Steelcase Inc.The county's economy is also heavily influenced by its location. Being situated near major transportation routes such as I-96 and I-196, as well as being home to the Gerald R. Ford International Airport, makes it an attractive location for businesses looking to establish a presence in the Midwest. One of the key factors contributing to the economic success of Kent County is its highly educated workforce.
The county has a higher percentage of residents with a bachelor's degree or higher compared to the national average. This well-educated workforce has attracted businesses in industries such as healthcare, technology, and manufacturing.
Communities in Kent County
Kent County is made up of several cities and townships, each with its own unique economic status. Let's take a closer look at some of these communities and how they are faring economically.Grand Rapids
The city of Grand Rapids is the largest city in Kent County and the second-largest city in Michigan. It is known for its vibrant arts and culture scene, as well as its strong economy.Grand Rapids has a diverse economy, with industries such as healthcare, manufacturing, and tourism driving its growth. The city has seen significant economic growth in recent years, with an increase in job opportunities and a decrease in unemployment rates. The median household income in Grand Rapids is also higher than the national average, making it an attractive place to live and work.
Wyoming
Wyoming is the largest suburb of Grand Rapids and the third-largest city in Kent County. It is home to several major employers, including Metro Health Hospital and Gordon Food Service. The city's economy is primarily driven by the healthcare and manufacturing industries. Wyoming has also seen steady economic growth in recent years, with an increase in job opportunities and a decrease in unemployment rates.The city has a lower cost of living compared to Grand Rapids, making it an attractive option for those looking to live near the city without the higher cost of living.
Kentwood
Kentwood is a suburban city located southeast of Grand Rapids. It is home to several major employers, including Steelcase Inc. and X-Rite Inc.. The city's economy is primarily driven by the manufacturing industry. Kentwood has also seen steady economic growth in recent years, with an increase in job opportunities and a decrease in unemployment rates. The city has a lower cost of living compared to Grand Rapids, making it an attractive option for those looking to live near the city without the higher cost of living.The Impact of COVID-19
Like many other communities across the country, Kent County has been impacted by the COVID-19 pandemic.The county saw a significant increase in unemployment rates in 2020, with many businesses forced to close or reduce their operations. However, the county has been able to bounce back, with unemployment rates steadily decreasing as businesses reopen and the economy begins to recover. The pandemic has also highlighted the importance of having a diverse economy. While some industries, such as hospitality and tourism, were hit hard by the pandemic, others, such as healthcare and technology, were able to continue operating and even saw growth during this time.
Future Outlook
The future looks bright for Kent County's economy. With a highly educated workforce, a diverse mix of industries, and a strategic location, the county is well-positioned for continued growth and success.The county's economic development organization, The Right Place, is actively working to attract new businesses and support existing ones, further strengthening the local economy. In conclusion, Kent County, Michigan is a thriving community with a strong and diverse economy. Its various communities each play a unique role in contributing to the county's overall economic success. Despite the challenges brought on by the COVID-19 pandemic, the county has shown resilience and is well-positioned for continued growth in the future.
