The Hinman Co. is expanding its property holdings with the acquisition of a downtown Kalamazoo building.
Robert Dye views 2019 as a “transitional year” for the U.S. economy as a trio of forces align to moderate growth during the year.
GRAND RAPIDS — Believing that bringing aboard good talent can contribute to driving growth, Legacy Trust CEO Tracey Hornbeck opted to expand the firm’s reach when seeking to add a wealth management adviser.
Michigan has more angel investors than ever who invest in startup companies, but Skip Simms believes that’s still not nearly enough.
Here is the MiBiz Growth Report for Feb. 19, 2018:
• M&A: Great Lakes Scrip Center Inc., a West Michigan-based provider of gift cards for fundraising, was acquired by Minneapolis, Minn.-based Bold Orange, a recently formed marketing firm. Over 23 years, Great Lakes Scrip Center has worked with more than 48,000 organizations to raise $680 million. The company last spring acquired The Manna Group in Palatine, Ill. and was the largest gift card company in the nation. Local operations at Great Lakes Scrip, which employs about 90 people, will continue “business as usual,” said Jill Whalen, vice president for retail operations.
Two pending deals where West Michigan-based credit unions are buying small community banks follow an emerging trend nationally.
More bank branches closed in Michigan than in 45 other states in the years following the most recent financial crisis.
Fifth Third Bank’s $30 billion corporate commitment over the next four years for community development offers a massive pool of money for West Michigan organizations to potentially tap to fund projects and initiatives.
With more limited resources compared to for-profit businesses but an equal need for talent, nonprofits must turn to other incentives for attracting and retaining qualified, passionate people.