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NYC developer plans 240-unit affordable housing complex in Grand Rapids
GRAND RAPIDS — A New York City-based developer has proposed a 240-unit affordable housing complex along Lake Michigan Drive on the city’s west side.
Breaking News
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Whitmer renews call for federal aid, outlines budget priorities
Uncertainty over whether the federal government will approve new stimulus funding for state and local budgets continues to cloud the future of Michigan’s multi-billion-dollar revenue…
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Utilities extend shut-off protections, bill assistance through June 12
Utilities regulated by the Michigan Public Service Commission will extend shutoff protections and flexible payment options for vulnerable customers through June 12, state officials announced…
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Independent Bank raises $40 million through debt offering
GRAND RAPIDS — Independent Bank Corp. raised $40 million in a debt offering that comes amid the economic downturn and uncertainty from the COVID-19 pandemic.
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Nessel joins lawsuit challenging Trump administration fuel economy rollback
Michigan Attorney General Dana Nessel has joined 22 other states in challenging the Trump administration’s rollback of Obama-era automobile fuel economy standards.
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Integrated Architecture begins $2M renovation to move headquarters to Monroe North
GRAND RAPIDS — Integrated Architecture LLC is starting construction this week to renovate a 13,600-square-foot building north of downtown into its new headquarters.
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Legislation would bring property tax relief, raising concerns for local governments
State lawmakers will consider a bill this week that waives penalties for property owners who defer payments on their summer property tax bills because of hardships caused by the coronavirus…
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Salons, spas, barbers call on Whitmer to reopen industry
A coalition of barber shops, spas and salons today urged Gov. Gretchen Whitmer to allow them to reopen with precautions in place.
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Woodland Mall to reopen June 1 under new safety protocols
GRAND RAPIDS — Woodland Mall will reopen June 1 with new protocols in place, including limited access and occupancy to comply with state regulations, mall officials announced today.
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New public restroom aims to revitalize GR Heartside community
GRAND RAPIDS — A downtown public restroom set to break ground this week in the Grand Rapids Heartside district is meant to benefit all community members, but will also help…
COVID-19 BUSINESS RESOURCES (SPONSORED)
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Benchmark removes roadblocks when it comes to SBA loans
By MiBiz Marketing Staff
REAL ESTATE & DEVELOPMENT
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State board approves funding for Lansing mixed-use project, Cass County public improvements
The Michigan Strategic Fund approved financing today for a range of economic development initiatives, including brownfield tax incentives for a major mixed-use project in Lansing and public improvements in Cass…
HEALTH CARE
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Priority Health plans rate cuts for June and July
GRAND RAPIDS — Citing lower medical claims and utilization rates during the COVID-19 pandemic, Priority Health plans to provide temporary rate reductions to employers and individual policyholders.
FINANCE
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Reporter's Notebook: Banker beware
In a recent conference call, the president and CEO of Detroit-based TCF Financial Corp. — the parent company of what remains known in Michigan as Chemical Bank — voiced a…
FOOD / AGRIBUSINESS
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Cities weigh creating ‘social districts’ to help bars and restaurants
As northern Michigan restaurants and bars reopen under occupancy limits and other restrictions, business leaders and city officials are considering ways to expand the footprint of existing restaurants to help…
MANUFACTURING
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Manufacturers tap into new vendors to meet safety protocols in wake of COVID-19
People line up early at manufacturing plants to have their temperature taken by registered nurses who were laid off from hospitals in the chaos of the COVID-19 crisis.
ENERGY
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DTE, Consumers shareholders reject calls for more political spending disclosures
Shareholders of Michigan’s two major investor-owned utilities have recently rejected calls for more transparency on the companies’ contributions to tax-exempt nonprofit advocacy groups.
ECONOMIC DEVELOPMENT
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MiBiz Growth Report: May 27, 2020
Here is the MiBiz Growth Report for May 27, 2020.
NONPROFITS
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Nonprofits hit pause on fundraisers, grapple with loss of revenue
Rescheduled. Postponed. Canceled. These are the words Michigan nonprofits are using frequently these days when talking about the status of fundraisers that are critical to the financial health of their organizations.
TALENT
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Higher ed leaders plan for fall, respond to budget setbacks
Leaders at public universities, community colleges and private schools across Michigan are getting a clearer picture of their budget shortfalls resulting from COVID-19, but uncertainty still clouds enrollment prospects and…
SMALL BUSINESS
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SBA turns focus to PPP loan forgiveness
After approving more loans in six weeks than during the prior nearly 60 years combined, the U.S. Small Business Administration now looks to provide debt forgiveness to borrowers.