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Displaying items by tag: Consumers Energy Foundation

Thursday, 21 July 2022 13:33

Downtown Muskegon Heights redevelopment lands $250K boost from Consumers Energy Foundation

Muskegon Heights’ downtown revitalization plan has received a $250,000 boost from the Consumers Energy Foundation.

Published in Economic Development
Sunday, 07 November 2021 18:55

Ollie Howie named first managing director of minority-focused venture capital fund

The first managing director of a venture capital fund that plans to invest in businesses owned by people of color sees an opportunity to pioneer an initiative for greater economic diversity in West Michigan.

Published in Finance
Tuesday, 22 June 2021 11:32

Grants to support 3-year planning process around Palisades closure

COVERT TOWNSHIP — Local officials in Southwest Michigan got a more than $1.2 million boost last week to advance their efforts to prepare for the impending closure of the Palisades nuclear power plant. 

Published in Energy

Sunday, 31 January 2021 15:56

Diversity-focused VC fund garners widespread attention, even before making initial investment

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.

Published in Finance
Tuesday, 26 January 2021 13:44

GR-based VC fund targeting minority-owned companies raises $8.5M in first year

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.

Published in Finance
Sunday, 17 January 2021 12:24

Utility foundations use deep nonprofit network to distribute millions in COVID relief funds

The corporate foundations of the state’s two major energy utilities have distributed nearly $26.5 million in direct relief funds to meet basic needs such as food, shelter and personal protective equipment since the COVID-19 pandemic began. 

Published in Nonprofits


Wednesday, 30 September 2020 16:45

Grand Rapids venture capital fund secures millions for minority-owned companies

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

Published in Finance
Sunday, 02 August 2020 17:00

New diversity-focused VC fund seeks $5M locally before making national pitch

GRAND RAPIDS — A new venture capital fund to invest in businesses owned by racial and ethnic minorities looks to secure financial backing locally before reaching out nationally for investors.

Published in Finance
Sunday, 21 June 2020 17:36

Kildee, Upton push $50.5B federal aid package for small businesses

Two Michigan congressmen behind legislation that would create a $50.5 billion relief fund for small businesses nationwide hope to get it included in the next federal aid package that may come before Congress this summer.

Published in Small Business

Wednesday, 13 May 2020 15:10

New loan, grant funds set up to aid smaller businesses

New grant funds by the state and in Kalamazoo, as well as a loan fund in Grand Haven, are the latest efforts to provide relief to small businesses hit hard by the COVID-19 pandemic.

Published in Small Business
Sunday, 10 May 2020 12:15

MiBiz Growth Report: May 10, 2020

Here is the MiBiz growth report for May 10, 2020.

Published in Economic Development
Wednesday, 06 May 2020 14:15

Battle Creek COVID-19 grant program expanded for small businesses

BATTLE CREEK — A grant fund started in the wake of the coronavirus pandemic has expanded to $600,000 and will cover more businesses in the Battle Creek area.

Published in Small Business


Sunday, 02 February 2020 16:40

Backers hope new VC fund spurs more inclusive West Michigan economy

GRAND RAPIDS — The Right Place Inc.’s new venture capital fund plans to target investments toward an area of the economy where capital historically has flowed the least: startups and businesses owned by racial and ethnic minorities.

Published in Finance
Thursday, 23 January 2020 11:00

The Right Place plans new fund to invest up to $25 million in minority businesses

GRAND RAPIDS — Aiming to create greater ethnic and racial diversity in business ownership across the region, The Right Place Inc. teamed with Bank of America and the Consumers Energy Foundation to form a capital investment fund.

Published in Economic Development