Mission
The Right Place, Inc. is an economic development organization founded in 1985 that assists companies in the Greater Grand Rapids area by providing business support services that lead to job creation and investment. The organization collaborates with industry partners and stakeholders to develop strategies that enhance the regional economy.
Basic Information
Tax-Exempt
Founded in
2010
EIN
27-4012914
Total Assets
$1.421 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
Showing 3 of 3 goals
At a Glance
Annual Economic Outlook
An event providing insights into the economic forecast of the Greater Grand Rapids region.
Medical Mile Development
Highlighting the growth and potential of the healthcare sector in Grand Rapids.
Investing in Diverse Businesses
Support for diverse business initiatives across the region.
Impact Stats
$6.1 billion
Total Investments
Investment Generated
Assisted in generating significant investments throughout the region.
50,000
Total Jobs Created
Jobs Created
Facilitated the creation of new jobs to boost the local economy.
3 per year
Total Events
Annual Economic Outlook Events
Hosted numerous events to provide insights into economic trends and forecasts.
Past Events
Place Matters Summit
November 13, 2024
A summit gathering community leaders to discuss actionable steps for vibrant neighborhoods.
The Right Place Investor Exchange
October 30, 2024
An investor-exclusive event discussing investment opportunities and partnerships.
Harvest Hub Summit
October 24, 2024
Summit for food & beverage growers in the local region.
Upcoming Events
Economic Outlook for 2025
December 5, 2024
Gain insights into the future of the Greater Grand Rapids region.
Learn MoreNewaygo County Economic Outlook 2025
January 28, 2025
Annual economic forecast event for Newaygo County featuring Dr. Paul Isely.
Learn MoreOur Programs
Business Retention and Expansion
Supporting existing businesses in the area to grow and retain their workforce.
Talent Development Strategies
Collaborating with organizations to enhance workforce capabilities.
Economic Research Initiatives
Conducting research to support informed economic decision-making.
Testimonials
"The Right Place has been a great partner in our decision to expand, providing invaluable knowledge and connections."
Nate Koetje
CEO of Feyen Zylstra
"The Right Place brings together the right players to attract jobs and businesses to our state."
Garrick Rochow
President & CEO of Consumers Energy
"Their dedicated staff ensures that West Michigan is one of the most attractive places to conduct business."
Chris Williams
Owner of Medbio, Inc.
Impact Reports
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
52
54
/100
Program Expense Ratio
99.03%
20
/20
Program Revenue Growth
0.00%
2
/20
Leverage Ratio
0.1093
18
/20
Working Capital Ratio
1.297
12
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 487.5K | 100.00% |
| Program Services | 0 | 0.00% |
| Investment Income | 0 | 0.00% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 0 | 0.00% |
| Total Revenue | 487.5K | 100.00% |
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