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GRAND RAPIDS — Demand remains strong for urban apartments, although occupancy rates for the burgeoning market have begun to slip as new units come online. 

MiBiz presents the fourth-annual West Michigan’s Best-Managed Nonprofit Awards. This year, we received a record number of nominations for the awards, which were solicited in three organizational categories separated by annual revenues and one honoring professional achievement. 
Here are the winners and finalists: 

Two Cranker’s Restaurant & Brewery locations in Grand Rapids and Big Rapids were shut down temporarily on Thursday upon the orders of the state of Michigan, MiBiz has learned.

Utility customers across the state could be refunded hundreds of millions of dollars as a result of the federal tax overhaul that passed in December, reducing the corporate income tax rate.

Construction management firm Wolverine Building Group has completed its 18-month long leadership transition, the company said Friday.

Mayors and city officials across Michigan consider economic development a top priority in their communities, but they tend to put more emphasis on placemaking and quality of life than jobs and entrepreneurship.

ALLEGAN — As Perrigo Co. plc transitions to a new CEO, John Hendrickson thinks the company is “positioned in exactly the right place.”

CHARLOTTE — Specialty chassis designer and vehicle manufacturer Spartan Motors Inc. has partnered with a recreational vehicle maker on a new motorhome aimed at users just coming into the market. 

Office furniture manufacturers have been late adopters of automation, particularly inside their West Michigan-based factories.

WYOMING — As more municipal fire truck fleets exceed their life expectancies, that’s good news for one West Michigan-based manufacturer of heavy duty truck chassis and fire apparatuses.

Venture capital investors put more money into a similar numbers of deals in 2017 compared to the prior year, a sign that target companies are maturing and securing larger capital rounds.

Over the last couple of years, Eric Seifert has started hearing from past clients whom he helped get commercial loans to start their businesses more than two decades ago.

GRAND RAPIDS — With construction of the $37.5 million Raleigh J. Finkelstein Hall and work set to begin later this year on another facility along the Medical Mile, Grand Valley State University expects to expand its health care programs.

The deal to buy a majority stake in Muskegon-based Shoreline Vision serves as the largest transaction yet for Great Lakes Management Services Organization.

Despite their strong ties to smartphones and virtual communication, Gen Xers and Millennials still crave face-to-face interaction, and the philanthropic sector is taking note.

Unlike many public and for-profit companies, nonprofits sometimes need to pump the brakes in their quest for growth.

Q&A: Ryan Kilpatrick, Ottawa Housing Next

Written by | Sunday, 21 January 2018 13:08 |
Q&A

Ryan Kilpatrick hopes to lend his experience in economic development to a new housing initiative in Ottawa County. After four years as a senior community assistance specialist at the Michigan Economic Development Corp., Kilpatrick departed from the organization this month to become the first executive director of Ottawa Housing Next, a public-private partnership tasked with bringing more affordable housing options to Ottawa County, the state’s fastest growing municipality. Before making the transition, Kilpatrick spoke with MiBiz about how the organization hopes to tackle the need for affordable housing in the lakeshore community.

MiBiz Growth Report: Jan. 22, 2018

Written by | Sunday, 21 January 2018 13:09 |

Here is the MiBiz Growth Report for Jan. 22, 2018: 

• M&A: Bridgman-based Kruger Plastic Products has been acquired by Chicago-based private equity firm HC Private Investments, according to a statement. Kruger President Pat Brandstatter and VP of Engineering Dirk Kruger retained “significant stakes” in the custom injection molding company. Terms of the deal were not disclosed. Grand Rapids-based Varnum LLP served as legal counsel to Kruger, which was advised on the transaction by BlueWater Partners LLC, a Grand Rapids-based investment banking and consulting firm.

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