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The Home of Business in Michigan. Get on-demand access to audio programs, articles and resources presented by savvy business leaders and industry experts.

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    • 5.0 • 4 Ratings

The Home of Business in Michigan. Get on-demand access to audio programs, articles and resources presented by savvy business leaders and industry experts.

    Build Smart, Lead Strong | In the Crosshairs: Cybersecurity and the Threat to Manufacturing

    Build Smart, Lead Strong | In the Crosshairs: Cybersecurity and the Threat to Manufacturing

    Originally uploaded June 19th, reedited July 17th.
    Elizabeth Bernhard welcomes her latest batch of guests in manufacturing for a great conversation.

    This episode's guests include:
    Aaron Vorwerk

    Egnyte

    AEC Practice Leader, Architects + Owners

    Aaron presently leads business development efforts for architects and owners at Egnyte. Throughout his career, Aaron has advised professionals across several industries on project lifecycle strategy and workflows through roles in practice, consulting, technical sales, and marketing. He holds advanced degrees in architecture and engineering; has wide-ranging experience across the AEC industry, and he has led digital transformation efforts in two design firms.

    Jim Ochu

    North American ContractorLink

    General Manager

    Jim established North American ContractorLink to serve the maintenance needs of industrial plants and facilities. Jim has over 25 years of experience in marketing & business development in construction/trades, financial services, technology, and healthcare. He is skilled at helping products and businesses accelerate their growth plans.

    Dave Britt

    North American ContractorLink

    Director of Marketing

    Dave is in charge of marketing and the digital presence of ContractorLink, and he provides technical support to their team of advisors. Dave has spent his career working with companies in various industries in using technology to reach their customers and adapt to the changing digital world.

    In the Crosshairs: Cybersecurity and the Threat to Manufacturing

    Cybersecurity is the protection of your hardware, software, and data against unauthorized access to systems, data, and networks. This is especially important in the manufacturing industry, which experiences nearly one quarter of all cyberattacks! And while you may be among the many manufacturers seeing benefits from new technologies, from IoT-enabled devices to advanced analytics and 'smart' factories, these cloud-connected applications can also introduce new risks. A proactive cybersecurity strategy is critical to protect your manufacturing operations, intellectual property, PII and financial data, and your company's reputation. This webinar will give you an overview of the threats you should expect to face and some practical tactics you might employ to mitigate cyber risks.

    • 28 min
    Michigan Business Beat | Hilary Doe - Mackinac Policy Reflections and Let's Grow Michigan

    Michigan Business Beat | Hilary Doe - Mackinac Policy Reflections and Let's Grow Michigan

    Jeffrey Mosher welcomes back Hilary Doe, Chief Growth Officer for the State of Michigan, Detroit, MI.

    Could you remind the Michigan business community about the role of the Chief Growth Officer?

    We're just coming off this year's Mackinac Policy Conference, what were some highlights?

    While there, I understand that you were discussing the findings from a new national poll, could you share those with us?

    That led to your report Moving Motivations tell us about that?

    Finally many things came out of the early efforts of Growing Michigan Together, what should the business community know about that council's report?

    • 8 min
    Michigan Business Beat | Jordan Turner, Grand Rapids SmartZone, Michigan Entrepreneurs & Innovators

    Michigan Business Beat | Jordan Turner, Grand Rapids SmartZone, Michigan Entrepreneurs & Innovators

    Originally uploaded April 23, re-edited July 11th.
    Jeffrey Mosher welcomes Jordan Turner, Economic Development Coordinator, Grand Rapids SmartZone, Grand Rapids, MI.

    The Grand Rapids SmartZone and its partners at Start Garden and Spartan Innovations are empowering Grand Rapids’ high-tech, high-growth startup community.

    Last month, the Grand Rapids SmartZone attended South by Southwest in Austin, Texas, representing Michigan at Midwest House.

    Several Grand Rapids-based entrepreneurs and innovators attended with their startups, all under the Grand Rapids SmartZone banner.

    At the event, founders were able to network and connect with investors.

    The Grand Rapids SmartZone provides a wide range of services to companies, including access to funding, networking opportunities, incubation space and more.

    Jordan can provide examples of companies that the Grand Rapids SmartZone has supported.

    o Examples: Protein Pints, OPNR, Vetr and Peadbo.

    • 8 min
    Michigan Business Beat | Brian Shoaf, Detroit Regional Chamber - Delta Air Lines/Aeromexico Proposal

    Michigan Business Beat | Brian Shoaf, Detroit Regional Chamber - Delta Air Lines/Aeromexico Proposal

    Jeffrey Mosher welcomes Brian Shoaf, Director, Government Relations Director, Detroit Regional Chamber, Detroit, MI
    Discussing the federal proposal to terminate agreement between Delta Air Lines and Aeromexico:

    There were several questions raised regarding Delta Air Lines & Aeromexico agreement at risk:

    Brian Shoaf, Government Relations Director with the Detroit Regional Chamber is here to talk today about a federal proposal involving Delta Airlines and Aeromexico that would impact the Michigan business community and consumers. The federal department action would disrupt seamless leisure and business travel between the U.S. and Mexico and would harm Michigan's economy. Welcome Brian.

    Tell us about the federal proposal to terminate a partnership between the two airlines and why the Detroit Chamber thinks the decision should be reconsidered?

    Brian: A federal proposal to terminate a vital partnership between Delta Air Lines and Aeromexico would put local flights and jobs in jeopardy. The U.S. Department of Transportation (DOT) proposed the termination of the Joint Cooperation Agreement (JCA) between Delta Air Lines and Aeromexico in January 2024 without any prior notice due to unrelated change's to Mexico's aviation policy. The administration's decision is drastic, punitive, counterproductive and unprecedented.

    A final decision is expected this fall. This proposed action is troubling for Metro Detroit businesses and will also concern consumers once they become aware of it. 45 million-plus travelers have benefitted from this strategic partnership. Delta Air Lines and Aeromexico have operated 264,000-plus flights and flown 386 million miles, equalizing 15,500 trips around the world.

    Brian, Tell us more about this agreement?

    Brian: Delta Air Lines and Aeromexico's successful strategic partnership was approved by the DOT in 2016. This partnership has created and supported thousands of jobs in both countries, US and Mexico, and has led to a substantial increase in service and consumer choice between the U.S. and Mexico.

    What is the impact of this proposal on the Delta and Aeromexico partnership Brian?

    Brian: The termination of this partnership would put up to 23 flight routes between the US and Mexico at risk of cancelation, including 5 that go in and out of Detroit Metro Airport. In 2023, these 5 routes served more than 440,000 passengers. The cancelation of these important flight routes would decrease market competition.

    Many Michigan businesses benefit from this strategic partnership, including the Detroit Three automakers?

    Brian: Yes. These flights are now essential components of their businesses and allow product purchasers and plant managers to travel between the two essential hubs in less than five hours. Eliminating these direct flights will lead to less efficient travel, resulting in lost production time and quality of our products. This partnership provides direct flights to the Detroit three automakers' manufacturing plants in Mexico. These direct routes have become essential components of the assembly line, allowing product purchasers and plant managers to freely travel between the two hubs in less than 5 hours.

    How does this partnership between the two airlines impact tourism?

    Brian: Estimates show that around half a million Mexican tourists visited Michigan in 2023, beach towns and small businesses depend on strong summer tourism months. The loss of direct flights between DTW and Mexico will serve as a significant barrier for prospective Michigan tourists costing Michigan $1,500 per visitor.

    What is the bottom line here Brian?

    Brian: When this decision comes to fruition, no other airline will be able to fill the void that Delta’s hub capacity at Detroit Metro Airport (DTW) currently occupies. The DOT should consider the economic impacts that will result from fewer flights out of DTW and let the partnership stand.

    • 7 min
    Michigan Business Beat | Foster Swift Attorneys - Webinar For Parents & College Bound Students

    Michigan Business Beat | Foster Swift Attorneys - Webinar For Parents & College Bound Students

    Jeffrey Mosher welcomes back Alexander S. Rusek, Shareholder, Lansing, along with Bryan Cermak, Senior Attorney, Southfield, MI, Foster Swift Collins & Smith PC

    When your child turns 18, they are legally independent. Now that they are leaving home for the first time, they are likely to face multiple situations on their own where making the wrong choice could have long lasting negative effects. What are some of the common legal pitfalls that college students, especially first year students, can run into? (Not obtaining consent, academic dishonesty such as using CHATGPT/AI to write a paper, alcohol and drug use, distracted driving etc.)

    What are some of the long-term repercussions that these pitfalls can have, not just on a student’s academic career but also on any future professional opportunities?

    If your young adult child is charged with a crime, why is it important to contact a criminal law attorney immediately?

    It is best to plan ahead for potential disasters before they can occur. Before they leave home, what are some of the legal documents a parent should have drawn up and signed with their adult child to avoid catastrophe in unforeseen circumstances? (Durable Power of Attorney, HIPAA, FERPA, etc.)

    What do each of these documents do, what is their purpose and how can they help should the worst happen?

    A Foster Swift Second Wednesday Sessions, this Wednesday, July 10, 2024, will be addressing these topics, tell us how the business community can access the session?

    Are there any other highlights we should know about heading into the session?

    upcoming
    Second Wednesday Sessions

    Next Wednesday, July 10, 2024,

    If your 18-year-old is badly injured in a car accident, unless the child signed a durable power of attorney and HIPAA authorization, you cannot access their medical information, even in an emergency.

    If your student has a controlled substance use conviction on their record, it is possible they may likely be unable to obtain any sort of financial aid or have their application to grad school rejected.

    Preparing to send a child to college is more than just helping them pack their car or making sure they have the right meal plan. It is also about giving them the resources to protect themselves now that they are no longer under your guidance.

    Join us for our July 2nd Wednesday to learn more on the importance of Best Practices to Avoid Legal Consequences for Parents & College Bound Students:

    When: July 10, from 12:00-12:30 pm
    Registration: https://bit.ly/2ndWeds2024

    Addressing issues from both the student's and the parent's perspective, this session features moderator Paul Millenbach with litigators Bryan Cermak and Alex Rusek as they discuss the following:

    Getting into Trouble:

    Knowing the Importance of Consent:
    While a difficult subject to discuss, it is important that your child understands the importance of obtaining consent from a partner prior to engaging in any sexual activities.
    Common Legal Pitfalls for Students and Facing Criminal Charges in College:
    If your child is charged with a crime, it is important to contact a criminal law attorney immediately to assist them through the process and mitigate damage.

    Planning Ahead: 
    Combatting Cyber-Bullying & Defamation:
    Knowing what to do and what your legal options are if you discover your child has painted someone on social media in a false light
    Importance of Having Proper Documentation in Place:
    Once a child turns 18, they are no longer required to be under the guardianship of their parents.
    Academic Dishonesty:
    College students now have greater access to resources than their parents ever did.

    • 6 min
    Michigan Business Beat | JV Anderton - Foster Swift and LEAP Sharing Details on Succession Planning

    Michigan Business Beat | JV Anderton - Foster Swift and LEAP Sharing Details on Succession Planning

    Originally uploaded April 18th, reedited July 8th.
    Jeffrey Mosher welcomes JV Anderton business attorney (now Shareholder) at Foster Swift and an Executive Committee Member for LEAP

    Why succession planning is important?

    I understand you have a program to tell us about?

    What will the program cover?

    Where is the program?

    LANSING, MI – Ingham County businesses will have access to succession planning assistance through an innovative training series this spring and summer. Lansing Economic Area Partnership (LEAP), Ingham County, Foster Swift Collins & Smith, PC, Lansing Regional Chamber of Commerce, Tri-Star Trust and Transworld Business Advisors are delivering four Succession Planning 101 courses and two Succession Planning 201 courses geared to provide business owners a “Layman’s Guide to Succession Planning.”

    “Succession planning is one of the most over-looked aspects of business lifecycle and yet, an effective succession strategy can make an enormous financial difference to the owner(s) and the community,” says J.V. Anderton, Foster Swift business attorney and LEAP Executive Committee Member. “Our goal with this program is to help business owners lay the foundation for starting their own succession plan. This is a multi-disciplinary approach that will look at the financial, emotional, legal and logistical side of the process.”

    Succession Planning 101 covers: identifying possible successors, operations and existing contracts, financial planning, self-evaluation and communications, the importance of a succession planning team, key legal considerations and recommended timeline for taking key steps.

    Succession Planning 201 covers: maximizing the value of your trusted advisors, prepping your business for transition, business valuations, communications in the process, and includes a case study.

    Succession Planning 101 (4 scheduling options)

    April 25: 8:30-10:00 am. Foster Swift Hub: 313 S. Washington Square, Lansing MI
    May 21: 3:30-5:00 pm. Okemos Conference Center: 2187 University Park Drive, Okemos MI
    Click Here for Registration
    July 18: 8:30-10:00 am. LRCC Office: 500 E Michigan Avenue, Suite 200, Lansing MI
    Click Here for Registration
    August 27: 3:30-5:00 pm. Hidden Gem Event Center: 4230 Charlar Drive, Holt MI 48842
    Click Here for Registration
    Succession Planning 201 (2 scheduling options)

    June 18: 8:30-10:00 am. LRCC Office: 500 E Michigan Avenue, Suite 200, Lansing MI
    Click Here for Registration
    September 18: 3:30-5:00 pm. LRCC Office: 500 E Michigan Avenue, Suite 200, Lansing MI
    Click Here for Registration
    There is no fee for attending, but pre-registration is required. To register go to: https://members.lansingchamber.org/ap/Events/Register/NWHjRMotxHaCm

    Speakers include:
    J.V. Anderton, Foster Swift Collins & Smith, PC
    Amanda Dernovshek, Foster Swift Collins & Smith, PC
    Taylor Gast, Foster Swift Collins & Smith, PC
    Benjamin Brakken – Tri-Star Trust
    Jessica Stark – Transworld Business Advisors.

    • 5 min

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There was never a dull moment speaking with Michael. This podcast was very insightful.

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