Traverse City Profile
Traverse City is the economic and retail center of northwest Michigan. This growing, diverse community is situated on beautiful Grand Traverse Bay. The strong and growing local economy is driven by manufacturing, professional and financial services, retail, tourism, a leading hospital, medical facilities, Northwestern Michigan College and more. Traverse City's historic downtown shopping district offers more than 150 unique boutiques, galleries, restaurants and pubs.
| Population (2007) | 14,339* |
|
Median Home Price (2008) |
$150,375** |
| Median Household Income (2004) | $46,912*** |
| Growth Since 2000 | -1.33%* |
*U.S. Census Bureau; July 1, 2007.
**Traverse Area Association of Realtors; 2008.
***2000 Census, U.S. Census Bureau
Why do business here?
- Two business and industrial parks within five minutes of Cherry Capital Airport
- High-tech commercial properties available just minutes from the beach
- Low-interest financing available through the Grand Traverse County EDC Revolving Loan Fund
- Approved Brownfield redevelopment sites located in the City
- Available commercial and retail properties at the historic Grand Traverse Commons - a virtually tax-free location for your business or residence
- Cherry Capital Airport
- Up to 15 daily flights to Detroit, Chicago, Minneapolis, Cincinnati, Atlanta and other seasonal destinations
- One plane change away from anywhere in the world
- Air shipping via Federal Express and UPS
Key Employers
- AlcoTec Wire
- Boride Engineered Abrasives
- Clark Manufacturing
- Cone Drive Operations Inc./Textron
- Hagerty
- Lear Corporation
- Munson Healthcare
- Northwestern Michigan College
- Passageways
- Plascon, Inc.
- Salamander Technologies
Festivals and Cultural Highlights
- National Cherry Festival
- Traverse City Film Festival
- Old Town Playhouse
- Traverse Symphony Orchestra
- City Opera House
- Dennos Museum
- Downtown Farmers Market (seasonal)
- The State Theatre