Here’s news you can use in a constantly changing business environment, including optimism about Michigan’s ability to weather an economic downturn, state grants for employee training, strategies to help small businesses thrive and more.

1. Michigan to avoid economic hit? — According to the Detroit Regional Chamber, Michigan’s economy is likely to weather an economic downturn better than it has in the past because the auto sector looks more resilient than in typical downturns.
2. Upskill your employees with State grants — Michigan’s Going PRO Talent fund is open until May 24 and offers training grants up to $2,000 each for almost any Michigan employer.

3. Benchmarking the return-to-office — No one is certain how a permanent hybrid work model is working because few companies establish clear success metrics. One advisor has found that it’s better for the C-suite and board to formulate the metrics rather than HR. Learn how to set up success metrics to measure the success of return-to-office strategies.
4. Modern strategies to help small businesses thrive — Finding new customers by geography or by serving different customer segments is one way for small businesses to survive and thrive during recessions.

5. Professionally reset before summer — The principles behind spring cleaning your home can be applied to the workplace to clear space and minds. Discover how to lead by example with mindful moments of break time within the day.

Thank you to our Friday Five sources: Detroit Regional Chamber, Michigan Chamber of Commerce, Fortune, Entrepreneur and Employee Benefit News.

Do you have business banking questions? Contact our knowledgeable commercial loan officers online or call 800-991-2221. We’re also available to help in person at your local Consumers office.

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