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Mark Sanchez

Mark Sanchez

Senior Writer

msanchez@mibiz.com

HUDSONVILLE — Backed by a $15 million capital infusion from its owners and a newly expanded commercial lending team, West Michigan Community Bank aims to further grow market share after doubling in size in four years.

Credit unions would have greater flexibility in how they structure business loans if a proposed change in federal regulations takes effect as written.

GRAND RAPIDS — Michigan State University will seek to raise about $30 million to help pay for the $88.1 million biomedical research center that will add to the growing research cluster in Grand Rapids.

Community Shores Bank Corp. will seek to raise $6.4 million in needed capital in a stock offering to existing shareholders that would go to pay off debt, maintain operations and improve its capital position.

Health care interests in Michigan applauded today’s U.S. Supreme Court ruling that upheld subsidies for millions of people across the country who buy their own health coverage through public exchanges created under the federal Affordable Care Act.

5x5 Night returns this week, offering $5,000 each month to anyone with a great idea. The monthly pitch competition, which is set for a 10-month run, follows the same format created by founder Rick DeVos. Anyone can submit an idea to the 5x5 Night website. A public vote determines the five ideas for a five-minute pitch each month to a five-judge panel that selects the winner of the $5,000. The difference this time is that 5x5 Night — scheduled for 5:30 p.m., Tuesday, June 23 at the Start Garden office — is now run by Emerge West Michigan, a web portal launched last fall that serves as a clearinghouse for services to support entrepreneurs and startup companies. 5x5 Night is the latest program for Emerge West Michigan, which will soon add a mentorship initiative. MiBiz spoke with Emerge Director Laurie Supinski about why the nonprofit organization decided to take over and resurrect 5x5 Night.

Created a year ago in the merger of two Michigan health information exchanges, Great Lakes Health Connect continues to reap the benefits of a strategy shared by its two founding organizations.

LUDINGTON — John Wilson hopes to foster the spirit of entrepreneurism in Ludington. If the new $50,000 business plan competition he’s sponsoring ends up creating a new business in the lakeshore community, all the better.

MSU plans to begin an immediate nationwide search for a successor to College of Human Medicine Dean Marsha Rappley, President Lou Anna Simon said. Rappley is leaving for a position in Virginia.

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