fbpx

Displaying items by tag: Michigan Economic Development Corp

Wednesday, 08 June 2016 14:00

DornerWorks to invest $1.3M to expand West Michigan operation

West Michigan technology firm, DornerWorks Ltd. plans to beef up its Grand Rapids operation through a $1.3 million investment.

Published in Breaking News
Sunday, 29 May 2016 11:53

MiBiz Growth Report: May 31, 2016

Here is the MiBiz Growth Report for May 31, 2016. 

  • M&A: Sun Capital Partners Inc., a Florida-based private equity firm, has acquired convenience store operator Admiral Petroleum Co. and Lemmen Oil Co. in Coopersville. Admiral operates 130 Admiral gas stations and convenience stores in Michigan and Indiana, plus nine under the Lemmen brand name. Terms of the deal were not disclosed. Sun Capital named Jeff Turpin, a 20-year veteran of the convenience store industry, as CEO. Turpin previously served as chairman and CEO of VPS Convenience Store Group, a former portfolio company of Sun Capital.
Published in Breaking News
Wednesday, 18 May 2016 16:39

Kraft invests $17 million to produce Grey Poupon mustard in Holland

Kraft Heinz Company has taken the next step in a company-wide consolidation strategy that began in 2015 after Kraft Food Group Inc. merged with H.J. Heinz Company.

Published in Breaking News

Sunday, 15 May 2016 10:52

Niowave raises $5 million to expand production of medical imaging material

LANSING — A mid-Michigan particle accelerator has taken the next step in an ambitious expansion plan that would position the company to capitalize on the multi-billion dollar market for medical isotopes.

Published in Economic Development
Wednesday, 11 May 2016 17:12

Kent Quality Foods to invest $35 million in new Jamestown Charter Township facility

After reaching full capacity at its Grand Rapids production facility, Kent Quality Foods Inc.plans to invest $35 million into a second plant in Ottawa County’s Jamestown Charter Township.

Published in Breaking News
Wednesday, 11 May 2016 17:08

Spiech Farms invests over $1 million in Paw Paw expansion

Spiech Farms LLC will invest more than $1 million into an expansion project at its production facility in Paw Paw.

Published in Breaking News


Sunday, 01 May 2016 09:36

MiBiz Growth Report: May 2, 2016

Here is the MiBiz Growth Report for May 2, 2016.

  • M&A: Brad Davis and Lynne Bosgraaf, both formerly executive team members at Grand Haven-based Light Corp., have acquired Ram Electronics Inc., a manufacturer in Fruitport of printed circuit boards, custom wire harnesses and other components. The deal came about as Ram’s previous owner, Don Neidlinger, looked to retire. Zeeland-based Rua Associates LLC advised Davis and Bosgraaf on the deal, the terms of which were not disclosed. The executives partnered with Mercantile Bank Corp. to structure a loan through the Michigan Economic Development Corp.’s collateral support program. The program provides collateral to fund down payments on expansions or mergers and acquisitions.
  • M&A: Lansing-based Neogen Corp., a manufacturer of food and animal safety products, acquired Brazil-based Deoxi Biotecnologia Ltda, an operator of an animal genomics laboratory, according to a statement. Terms of the deal were not disclosed. Deoxi’s management and staff will remain with the company.
Published in Breaking News
Sunday, 01 May 2016 12:48

GVSU considers new ways to foster entrepreneurial growth

GRAND RAPIDS — The formation of a new support system to foster entrepreneurship in West Michigan severs what had been a direct link between higher education and the venture capital community. 

Published in Talent
Sunday, 01 May 2016 11:54

Downtown Grand Rapids theater project requires developers to think bigger

GRAND RAPIDS — Realizing that a movie theater would not work as a standalone project in downtown Grand Rapids, J.D. Loeks knew that he needed to broaden the scope of his long-planned development.


Wednesday, 20 April 2016 22:00

West Michigan manufacturing executives acquire Ram Electronics

Two former office furniture executives hope to leverage their collective experience as they start on a new business venture in West Michigan.

Published in Breaking News
Wednesday, 13 April 2016 10:03

Economic impacts released for downtown mixed-use theater project

If the first phase of a proposed mixed-use, movie theater-anchored development project goes through as planned, it could generate a projected $369 million in economic benefits in the first 10 years.

Published in Breaking News
Sunday, 03 April 2016 15:47

Foreign investment in West Michigan real estate remains elusive

Foreign investors have considered Michigan an attractive place put their capital to work in the post-recession years.



Sunday, 03 April 2016 15:34

Economic developers increase focus on growing West Michigan’s rural communities

As Michigan’s industries have evolved over the years, so too have the roles economic developers play when it comes to helping businesses grow and expand in communities across the state.  

Published in Economic Development
Sunday, 03 April 2016 15:17

Michigan ‘green bank’ could spur $3 billion in clean energy investment, report says

Midwest energy analysts say Michigan could leverage a $105 million public investment into roughly $3 billion in private clean energy development under what’s known as a “green bank.”

Published in Economic Development
Sunday, 20 March 2016 17:48

Economic developers prioritize educating legislators to keep West Michigan competitive

The budget cuts at the state’s economic development organization have forced industry executives in West Michigan to adjust their tactics. 

Published in Economic Development

Sunday, 20 March 2016 16:20

State re-evaluates popular development financing tool

The Michigan Economic Development Corp. plans to “re-evaluate” a gap financing mechanism that commercial real estate professionals say has played a crucial role in the redevelopment of key corridors across West Michigan. 

Published in Economic Development
Sunday, 06 March 2016 13:53

MiBiz Growth Report: March 7, 2016

Here is the MiBiz Growth Report for March 7, 2016.

Published in Economic Development
Sunday, 06 March 2016 14:51

Business groups balance priorities with need to solve Flint, DPS problems

As the state grapples with the Flint water crisis and a long-term funding solution for Detroit Public Schools, business advocates hope lawmakers will still be able to tackle policies that keep health care costs down, add transparency and help companies attract talent. 

Published in Economic Development

Thursday, 25 February 2016 09:57

Disher Design to increase staffing by 30 percent with help from MEDC grant

Disher Design & Development plans to increase its workforce by approximately 30 percent with the help of a $200,000 performance-based grant from the Michigan Economic Development Corp.

Published in Breaking News
Sunday, 21 February 2016 22:18

MichBio report outlines path to continued life sciences industry investment, growth

new roadmap aims to reboot efforts to build Michigan’s life sciences industry and compete with similar clusters around the U.S. and the world.

Published in Health Care
Sunday, 14 February 2016 20:43

The Right Place to host free Resource Connect event

The Right Place Inc. has partnered with the Michigan Economic Development Corp. (MEDC) to host a free event aimed at connecting West Michigan businesses with supporting resources.

Published in Breaking News

Sunday, 07 February 2016 23:44

Switch’s love affair with Michigan started with reliable, renewable energy

While a competitive tax structure was important, Las Vegas-based Switch Communications Group LLC had a different prerequisite before even considering opening a cloud-based data center in Michigan: reliable, renewable energy. 

Published in Economic Development
Wednesday, 03 February 2016 11:30

Venue Tower breaks ground in downtown Grand Rapids

Orion Construction Inc. and The Gilmore Collection broke ground today on the long-planned Venue Tower project that will bring 88 new apartments and a music venue to the corner of Fulton Street and Monroe Avenue in Grand Rapids.

Published in Breaking News
Sunday, 24 January 2016 22:56

Caster Concepts banks on automakers’ shift to Mexico

As automotive production and the industry’s supply chain grows in Mexico, one mid-Michigan manufacturer of custom casters and wheels decided to engage in a foreign market for the first time in the company’s history.

Published in Manufacturing

Sunday, 10 January 2016 22:51

City of Muskegon to develop housing

With developers facing a series of complications in creating a sustainable housing market in downtown Muskegon, city government decided to take the rare move and jump into the business of commercial real estate development.

Page 10 of 10