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Mark Sanchez

Mark Sanchez

Senior writer, covers health care, finance and life sciences. Twitter: @masanche

WYOMING — Metro Health-University of Michigan Health has opened the first COVID-19 vaccine clinic away from its hospital campus.

If the coalition coordinating COVID-19 vaccines in West Michigan gets judged for anything, Keith Hustak hopes it’s for how well the group equitably administers doses.

On the surface, the position appears completely counter to what a business organization would typically advocate.

A restructuring for Grand Angels in 2021 aims to create understanding about angel investing and greater diversity among investors and their deals.

GRAND RAPIDS — A West Michigan capital investment fund that involves the family office for Doug and Maria DeVos wants to make long-term investments across a variety of industries with a goal of preserving and growing local companies and jobs.

Advocates for people with disabilities are hopeful that the work from home trend spurred by the COVID-19 pandemic will make employers more open to accommodations workers might need in a post-pandemic workplace.

The two acquisitions ChoiceOne Financial Services Inc. closed over a 15-month period tripled the size of the Sparta-based bank holding company.

After years of raising millions in capital and federal grant funding for Tetra Therapeutics Inc. — which was developing a new drug that could potentially treat Alzheimer’s disease and a form of autism — Mark Gurney in 2020 finally found the big money he needed to get to the end.

Priority Health wanted to build a book of business in Southeast Michigan for its Medicaid HMO.

Greg Williams was looking for a company that could move global insurance brokerage Acrisure LLC into the world of artificial intelligence.

As the economy abruptly ground to a halt last spring under COVID-19 restrictions, Jeff Ott stayed busy.

Since launching in July 2019, the Charter Growth Capital Fund has made five investments and raised $31 million to make minority investments in growing, middle-market companies that need growth capital.

West Michigan’s industrial economy began 2021 “on a very positive note” as key activity indexes all improved.

GRAND RAPIDS — Acrisure LLC has formed a joint venture with NFL quarterback Russell Wilson of the Seattle Seahawks and Grammy-winning singer and songwriter Ciara to support increased access to insurance by minority-owned businesses in the U.S.

KALAMAZOO — Bronson Healthcare Group opened a new downtown Kalamazoo outpatient cancer treatment center today while Ascension Borgess says a separate cancer center should open late this summer in a neighboring township.

Ottawa County expects to have a better understanding later this year of exactly where gaps exist locally for broadband internet service so it can begin to address the issue.

Sunday, 31 January 2021 17:00

SBA simplifies PPP loan forgiveness process

As clients began reaching out in recent weeks to gather documents and apply for forgiveness of their federal Paycheck Protection Program loans from last year, executives at Level One Bank urged them to wait. 

GRAND RAPIDS — The West Michigan venture capital fund that intends to invest in growing, minority-owned businesses has garnered attention from interested parties who want to replicate the model elsewhere in the U.S.

The $91 million Northpointe Bancshares Inc. netted in a private stock placement will help support further growth through mid-decade.

HOLLAND — Macatawa Bank Corp. increased earnings in the fourth quarter, although full-year results declined from the prior year.

Independent Bank Corp. posted strong earnings growth during 2020 based in part on a strong mortgage pipeline and despite pandemic-related challenges.

Michigan small businesses were approved for more than $1.5 billion in federal loans during the first two weeks of the new Paycheck Protection Program the U.S. Small Business Administration launched earlier this month.

KALAMAZOO — Stryker Corp.’s sales grew 3.2 percent in the fourth quarter amid a resurgence of COVID-19 infections that affected market demand for elective medical procedures.

GRAND RAPIDS — The venture capital fund formed a year ago in Grand Rapids to invest in minority-owned businesses has netted $8.5 million in commitments from investors and aims to hit $10 million this year.

Gov. Gretchen Whitmer today named a commission that will work to raise awareness on the safety and effectiveness of COVID-19 vaccines and promote the need for people to get vaccinated.

Huntington Bancshares Inc. intends to close 198 branch offices — about half of which are based in Meijer Inc. stores in Michigan — after completing the proposed $22 billion acquisition of Detroit-based TCF Financial Corp.

LANSING — The director of the Michigan Department of Health and Human Services abruptly resigned today.

GRAND RAPIDS — Spectrum Health and Mercy Health plan to open a large COVID-19 vaccine clinic next week at DeVos Place in downtown Grand Rapids.

GRAND RAPIDS — Mercantile Bank Corp. ended 2020 with higher quarterly earnings despite the ongoing costs and economic turbulence from the COVID-19 pandemic.

The $15 million Sturgis Bancorp Inc. raised through a debt offering will go to support further growth across Southwestern Michigan.