As West Michigan’s economy expands, planners and business owners find they’re facing a new growing pain.

Philanthropists in Grand Rapids and Kalamazoo give to improve their respective communities, but they go about it in vastly different ways.

Two pending deals where West Michigan-based credit unions are buying small community banks follow an emerging trend nationally.

KALAMAZOO — Innovative Cardiovascular Solutions LLC will support further development of its medical device thanks to $5 million in new capital it raised from angel investors.

ZEELAND — Charter House Innovations has taken the strategy of business diversification to an extreme.

By moving R&D from Missouri to West Michigan, Kawasaki Motor Corp. will be able to deliver faster technical support and service to customers and OEMs. That’s according to Nelson Wilner, a veteran sales and marketing executive in the marine industry who was promoted to lead Kawasaki’s Engines Division, which is headquartered in Grand Rapids. The group focuses on manufacturing industrial engines, primarily for the landscaping industry. While Kawasaki’s manufacturing operations are in Missouri, the division operates its sales and marketing and other business operations from Grand Rapids. Wilner spoke with MiBiz about the decision to move the company’s separate R&D group to West Michigan and other innovations at the company.

Manufacturers from high-tech industries will again have the opportunity to put their products on display at this year’s Advanced Manufacturing Expo.

Even as giving to educational causes slows nationally, two West Michigan universities remain hopeful that their capital campaigns will be successful.

GRAND RAPIDS — The new owner of Schuil Coffee Co. LLC hopes to leverage nearly two decades of experience in the packaged food and e-commerce industries to grow the 36-year-old roastery.

After about eight years away, Jeff Mason has returned to the Michigan Economic Development Corp. Having previously worked at the state’s top economic development organization as a senior vice president for business development, he left in 2009 to head up the University Research Corridor, an alliance of Michigan’s three major research institutions. He’s rejoining the MEDC as its president and CEO, where he’ll lead an organization that’s grown into new focus areas, specifically community development. Mason spoke with MiBiz about these organizational shifts and the new economic development tools the state legislature recently passed to help make Michigan more competitive.

Here is the MiBiz Growth Report for July 24, 2017.

• M&A: Ludington-based West Shore Bank acquired Ellis Capital Management in Muskegon. The deal, which closed July 17, extends West Shore Bank’s wealth management services into Muskegon, Ottawa and Kent counties. The bank, with assets of $426 million, previously provided wealth management at its seven branches in Ludington, Manistee and Hart. Ellis Capital Management founder David Ellis, who started the firm in 1997, and his staff joined West Shore Bank’s Wealth Management group. He became a senior vice president primarily responsible for growing the Grand Rapids and Muskegon regions. Ellis Capital Management offices in downtown Grand Rapids and Muskegon will operate under the name of West Shore Bank-Wealth Management. Warner Norcross & Judd LLP advised West Shore Bank in the transaction. Ellis Capital Management was advised by the law firm of Parmenter O’Toole PC.