fbpx
Mark Sanchez

Mark Sanchez

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

A Grand Rapids-based venture capital fund that will invest nationally in startup companies owned by minorities has secured commitments now totaling $6.25 million, with potentially millions more on the way.

GRAND RAPIDS — Grand River Aseptic Manufacturing Inc. will produce a COVID-19 vaccine under development by a Belgian pharmaceutical company.

More than seven in 10 small businesses in Michigan expect further sales declines from the COVID-19 pandemic in the months ahead, according to new survey results from the Small Business Association of Michigan.

Meijer Inc. recently invested $500,000 in Rende Progress Capital, a racial equity loan fund in Grand Rapids.

After taking a step back in the early months of the COVID-19 pandemic, angel investors say they are actively seeking deals, particularly in startups that are able to take advantage of the resulting economic disruptions.

Just 13 of the 80 venture capital professionals working in Michigan in 2019 were racial minorities. An equal number of all VC professionals in the state, or 16 percent, were women.

As the weather cools and winter approaches, health professionals warn about complacency and encourage residents and businesses to remain vigilant in the COVID-19 pandemic.

Business Leaders for Michigan plans to begin collecting and tracking data on diversity and inclusion efforts among members.

Gov. Gretchen Whitmer aims to create more clean energy jobs in the state by reducing greenhouse gas emissions and becoming carbon neutral within 30 years.

M&A activity that declined sharply in the second quarter as the COVID-19 pandemic took hold and slammed the economy appears to have started rebounding after mid-year.

Gov. Gretchen Whitmer says existing state law provides employers the protection needed should they get sued by an employee or customer alleging they contracted COVID-19 while at work or at a business.

Employers could buy pandemic-related personal protection equipment without having to pay state sales or use taxes under proposed statewide legislation.

Ottawa County today issued a stay-in-place order that requires Grand Valley State University to remain in their residences for 14 days.

MUSKEGON — A federal grant will pay for an analysis on how groups that support entrepreneurs and startup companies in West Michigan can adjust for when the economy emerges from the COVID-19 pandemic.

Securities regulators hope a change in the federal definition of accredited investors brings more people into the investor pool for startups and other companies seeking private capital, although it remains unclear whether it will significantly affect the flow of capital.

Alegislative effort to curtail surprise medical billing in Michigan has gained attention from national health care organizations shifting their focus to states amid stalled efforts federally.

The origins of the Bradford Co. date back to 1897, when W.J. Bradford started a paper company on the south side of Chicago that made candy boxes and popcorn bags.

Results from a recent global survey show most family-owned businesses in West Michigan still lack a formal succession plan to transition the company to the next generation of leadership.

The Grand Rapids Area Chamber of Commerce’s annual Athena Award was created in 1989 to recognize professional excellence, community service and assistance to women for helping attain professional leadership skills. This year’s winner is Tasha Blackmon, who has served three years as president and CEO of Grand Rapids-based Cherry Health, the largest Federally Qualified Health Center in Michigan that provides care in underserved areas.

Gov. Gretchen Whitmer today rolled out a $24 million initiative to provide tuition for workers on the frontlines of the COVID-19 pandemic who lack a secondary education and want to earn an associate’s degree or professional certification.

Three of four key activity indexes for West Michigan’s industrial economy improved in August, furthering the economic rebound of recent months from a deep decline last spring with the onset of the COVID-19 pandemic and resulting stay-home orders.

KALAMAZOO — Bronson Healthcare Group plans to develop a new inpatient psychiatric center in Battle Creek by 2022 that would more than double its licensed inpatient beds for behavioral health care.

Huntington Bancshares Inc. has pledged to lend and invest $5 billion in Michigan over five years to support financial opportunities for businesses, consumers and community organizations.

KALAMAZOO — First National Bank of Michigan plans to open a new branch office in Lansing.

Since forming two years ago, High Street Insurance Partners Inc. grew steadily through acquisitions.

Health Alliance Plan’s entry into the West Michigan market comes amid a broader strategic push to grow and become a larger statewide player for employee health benefits.

Even with the economic downturn, uncertainty and high unemployment resulting from the COVID-19 pandemic, employers still need to look strategically at employee health care benefits to retain and attract talent.

Economic conditions for Michigan and across the U.S. should keep improving through 2020 and into 2021, according to recent outlooks.

MUSKEGON — New investors were aligning this past spring to back a capital round for HyVIDA Brands Inc.

KALAMAZOO — A new $50 million venture capital fund that organizers launched in Kalamazoo seeks to offer opportunity to a new generation of business executives while keeping established businesses local.