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Atlanta-based Dixie Consumer Products LLC recently announced the permanent closure of its manufacturing facility in Parchment, Mich. outside of Kalamazoo.

DGRI proposes $9.7 million FY 2016 budget

Written by | Tuesday, 12 May 2015 11:35 |

Downtown management entity Downtown Grand Rapids Inc. (DGRI) yesterday proposed a $9.7 million budget for fiscal year 2016, subject to approval by the Downtown Development Authority Board of Directors and the Grand Rapids City Commission.

The closing of an Ohio software development office presented a unique expansion opportunity for Mutually Human LLC. The Grand Rapids software developer had known the employees of EdgeCase LLC for quite some time before the Ohio-based firm’s parent company decided to shut down its office in Columbus. When the seven EdgeCase developers decided to reach out to Mutually Human about a possible partnership, Mutually Human said yes.

The Michigan House of Representative passed a series of bills yesterday with wide bipartisan support to limit the effects of the $9.4 billion in outstanding tax credits issued under the former Michigan Economic Growth Authority (MEGA) program. But industry groups say the legislation effectively serves as a step toward incentive disarmament that will hurt Michigan’s ability to attract businesses and jobs.

Digital marketing firm Adtegrity Inc. will be the lead tenant in the recently approved 12 Weston office project in the Heartside District of downtown Grand Rapids.

Saugatuck Brewing Co. said yesterday that it has signed deals with three Ohio-based distributors and one Wisconsin-based distributor to fully cover both states with its Michigan-made craft beer.

Palo Alto, Calif.-based electric vehicles maker Tesla Motors Inc. has acquired a West Michigan tool and die firm.

A global automotive supplier plans to shutter its customer support and engineering operations in Holland by the end of the year. Van Buren Township-based Visteon Corp. informed the 240 employees at its Holland technical center yesterday of the planned closure, according to a statement.

While there ultimately “is a number at some point” where directors at Perrigo Co. plc would have to consider selling, this spring’s $4.5 billion acquisition of a Belgian company positioned it with a greater ability to grow and remain independent, Chairman and CEO Joe Papa said today.

Officials at Western Michigan University (WMU) announced that Italy-based FAiST Light Metals plans to locate its North American headquarters at the Business Technology and Research Park (BRT Park) in Kalamazoo.

Mylan N.V. remains committed to acquiring Perrigo Co. plc and plans to present its case directly to shareholders, setting up a potential shareholder fight for control of the company.

Two lakeshore towns receive MSHDA support

Written by | Tuesday, 05 May 2015 15:24 |

The lakeshore communities of Hart and Grand Haven have been selected for assistance by the Michigan Main Street Center (MMSC), a program through the Michigan State Housing Development Authority (MSHDA).

Despite a relatively slow start to the first quarter of 2015, regional companies have begun to see marked improvement in their businesses as the overall economy continues improve. That’s according to the latest Current Business Trends report published by Brian Long, director of supply chain management research for Grand Valley State University.

Bloomfield Hills-based Agree Realty Corp. (NYSE: ADC) has sold a retail property in Marshall in Southwest Michigan. The Kmart-anchored Marshall Plaza sold for approximately $5.5 million, according to a statement.

Southfield-based 123Net Inc. announced yesterday its acquisition of T2 Communications LLC of Holland. The deal comes as the telecommunications and Internet service provider looked to expand its customer base and capabilities in West Michigan, where it has operated since 2000, according to a statement.

Shareholders at the privately held Lake Michigan Financial – the parent company of The Bank of Holland and The Bank of Northern Michigan – voted Monday to approve the sale, according to a filing Chemical Financial (Nasdaq: CHFC) submitted to federal securities regulators.

Amway appoints new CFO

Written by | Tuesday, 05 May 2015 10:42 |

Ada-based direct selling giant Amway Corp. announced today that it hired Mark Stevens as its new chief financial officer, according to a statement.

Grand Rapids-based ADAC Automotive announced its acquisition of an international automotive supplier through its Vehicle Access Systems Technology LLC (VAST) alliance.

The Grand Rapids office of Chicago-based real estate capital firm Cohen Financial has secured $34.5 million in acquisition funding for a New York investor.

Bronson has no immediate plans to redevelop the 131,419-square-foot building or the 5,353-square-foot building that served as the headquarters of the former Business Review West Michigan, according to a news release. The Gazette building at 401 South Burdick Street has been vacant since 2012 when the MLive Media Group newspaper moved to 306 South Kalamazoo Mall.

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