Lansing's Economy Takes Momentum into 2013

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"I think things could really pick up in 2013, for especially Lansing."

That's what Bob Trezise, President of the Lansing Economic Area Partnership, had to say after Tuesday's Lansing Economic Forecast. Trezise was one of five speakers at the event, where the future of the local economy was the big topic.

"People feel great about Lansing," said Trezise. "In Downtown Lansing, Downtown East Lansing, there's a lot of opportunity, a lot of new buildings being built. There's a ton of new high-tech and bio-tech businesses."

A big reason for the success going into the new year? A strong 2012.

"I would say 2012 is really the year where we've seen kind of where the rubber is meeting the road," said Tim Daman, President of the Lansing Regional Chamber of Commerce.

Daman says the success of initiatives, like Port Lansing at the Capital Region International Airport, should springboard the region into 2013.

"If you look at 2013, we are very optimistic with where we are as a region," said Daman. "We think there are a number of development projects on the horizon."

Daman would be even more optimistic...if it weren't for one huge obstacle at the end of the year.

"I think the fiscal cliff is causing some concerns, right now, with small-to-medium size businesses putting on hold some job creation, some hiring," said Daman.

During his presentation, Michigan State Economics professor, Charles Ballard, said he doesn't think the U.S. will go over the fiscal cliff, but he does think it's going to be a while before the economy really takes off.

"I think the future is potentially very bright for Michigan," said Ballard. "But we have to keep our eyes not just on 2013, but on 2020 and 2030."

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