Traverse City Record-Eagle

December 15, 2013

Business in Brief: 12/15/2013

From staff reports
Traverse City Record-Eagle

---- — Chamber membership event scheduled

TRAVERSE CITY — Dozens of business leaders from across the Grand Traverse region will come together this month to lead a membership blitz for the Traverse City Area Chamber of Commerce. The Chamber’s Membership Event is set for Dec. 17-19 and is headquartered at the Great Wolf Lodge in Traverse City.

The Traverse City Area Chamber’s first member recruitment initiative in more than a decade is part of a renewed focus on the critical role played by members on the impact and effectiveness of the organization.

The event will include two days of member recruitment by the volunteer teams on Dec. 17 and 18, and wraps up with a special celebration on Dec. 19.

Persons interested in learning more about the Traverse City Area Chamber or assisting with the Membership Event can contact Membership Director Sherry Galbraith at (231) 995-7112 or by email at

Fundraising school

TRAVERSE CITY — Indiana University’s fundraising school in Traverse City, sponsored by NorthSky Nonprofit Network, will be held January 14-16.

Attendees will learn the proper way to structure capital campaigns, including pre-campaign planning, using feasibility studies, enlisting and motivating the right volunteer leadership and working effectively with a consultant. The fee is $600, a 50 percent discount.

The deadline for registration is Wednesday at 5 p.m.

For more information or to register visit

Biz after hours

ELK RAPIDS — The Elk Rapids Area Chamber of Commerce December “Business after Hours” will be held Thursday from 5 to 7 p.m. and will be hosted by the Elk Rapids District Library, 300 Isle of Pines. A special open house will celebrate the “Island House Victorian Christmas.”

For more information call the Elk Rapids Area Chamber of Commerce at 231-264-8202.

GM gets about $343 million for PSA stake

DETROIT — General Motors Co. got about $343 million for its 7 percent stake in French automaker PSA Peugeot Citroen.

The Detroit company on Friday said that it completed the private placement sale of 24.8 million PSA shares for 250 million euros.

GM bought the PSA stake in March 2012 for $402 million when the companies announced a car-building and purchasing alliance. That means the company will lose about $59 million on the deal.

GM said earlier that the alliance with PSA will continue and will focus on jointly developing vehicles, joint manufacturing, purchasing and logistics.

Person seeking scrap sparks Packard fire

DETROIT — Authorities say a person trying to salvage scrap metal from an underground tunnel at Detroit’s Packard complex hit a natural gas line, sparking a fire at the former car plant.

The Detroit News and Detroit Free Press report crews with DTE Energy Co. shut off the flow of gas after the Thursday rupture. Fire department Cmdr. Thomas Burt says crews searched but weren’t able to find the person believed to have sparked the fire.

The utility says it’s investigating.