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Driving Economic and Community Growth in Bay County: Jim Reaume and Bay Future, Inc.
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Driving Economic and Community Growth in Bay County: Insights from Bay Future and SBDC
This episode of 'Hey Bay City' centers on the vital efforts of Bay Future and the Small Business Development Center (SBDC) in fostering economic and community development in Bay County, Michigan. Jim Reaume, President and CEO of Bay Future, Inc., discusses the organization's critical role in the economce development of Bay County.
The conversation covers the challenges of housing and childcare shortages, the need for balanced and sustainable growth, and the significant economic impact of major investments like the Mersen project and Michigan Sugar's facilities. Collaborative efforts with educational institutions to equip the workforce, the availability of shovel-ready sites, and the success stories of businesses like Vantage Plastics are highlighted.
The SBDC, led by consultant Michelle Judd, is noted for its pivotal support to over 200 local businesses through expert consulting on setup, financial planning, and marketing.
This episode underscores the strategic planning and behind-the-scenes dedication necessary for maintaining community prosperity and economic stability.
00:00 Introduction and Welcome 01:04 Jim's Background and Journey 02:58 Role and Impact of Bayfuture 05:56 Challenges in Economic Development 18:43 Workforce Development and Training 24:23 Exploring Bay County's Shovel Ready Locations 25:54 Challenges and Opportunities in Site Development 29:01 Vantage Plastics: A Success Story 32:56 Michigan Sugar's Innovative Approach 36:12 Supporting Small Businesses with SBDC 43:48 The Importance of Economic Development
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