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Displaying items by tag: The Right Place Inc

Sunday, 01 October 2017 17:00

Municipalities prepare for — or opt out of — state’s medical marijuana business boom

With more than 200,000 medical marijuana patients in Michigan, a thriving industry of growers, processors, transporters and retailers to support them is poised to explode statewide — if communities allow it.

Published in Economic Development
Sunday, 17 September 2017 19:00

Anxiety and uncertainty: Fallout from Trump administration’s plan to rescind DACA

West Michigan educators and at least one business group say the Trump administration’s plan to rescind the Deferred Action of Childhood Arrivals program already is leading to anxiety and uncertainty.

Published in Economic Development
Sunday, 17 September 2017 20:00

MiBiz Growth Report: Sept 18, 2017

Here is the MiBiz Growth Report for Sept 18, 2017:

Published in Breaking News

Friday, 08 September 2017 10:58

West Michigan economic developers will pursue secondary Amazon headquarters

West Michigan economic developers plan to jump into an already crowded pool of contenders for Amazon.com Inc.’s proposed $5 billion second headquarters.

Published in Economic Development
Wednesday, 06 September 2017 14:56

Auto-Owners Insurance plans Grand Rapids expansion

GRAND RAPIDS — Auto-Owners Insurance will expand its technology center operations in West Michigan.

Published in Breaking News
Sunday, 03 September 2017 17:00

MiBiz Growth Report: Sept. 5, 2017

Here is the MiBiz Growth Report for Sept. 5, 2017.

• M&A: U.K.-based Playtech acquired the technology, intellectual property and certain customer assets of ACM Group, whose CEO, Muhammad Al-Amin Rasoul, and management team are based in Grand Rapids. Playtech, a supplier of online gaming software, is listed on the London Stock Exchange and has 5,000 employees in 17 countries. Grand Rapids investment banking firm Charter Capital Partners served as financial adviser for ACM Group, a business-to-business market maker, dealer and broker in London. The deal is expected to close in early September. Terms include an initial upfront payment of $5 million, two staged payments based on the EBITDA of 2017 and 2018, and contingent consideration based on 2019 EBITDA. The total consideration for the transaction is capped at $150 million.

Published in Breaking News

Wednesday, 30 August 2017 16:47

Chinese-based manufacturer to open production facility in Cedar Springs

J-Star Motion Corporation, a Chinese-based furniture components manufacturer, plans to open a $4.9 million manufacturing facility in Cedar Springs.

Published in Breaking News
Sunday, 20 August 2017 22:30

MiBiz Growth Report: Aug. 21, 2017

• M&A: Three Rivers-based Armstrong International Inc., a fifth-generation family-owned manufacturer of energy management products, has acquired Delta2 s.r.l. of Milano, Italy, according to a statement. Delta2 makes control valves and pneumatic operators for the oil and gas, food, pharmaceutical, power and industrial markets.

Published in Breaking News
Sunday, 20 August 2017 10:37

As West Michigan’s startup culture evolves, Start Garden grows into new roles

GRAND RAPIDS — A growing manufacturer of high-tech food carts could serve as an example of the kind of business development that’s possible in West Michigan.

Published in Economic Development

Wednesday, 16 August 2017 12:42

MOVE Systems expands manufacturing to Walker

MOVE Systems International, a New York City-based manufacturer of eco-friendly food carts and accompanying electrical systems, plans to expand its manufacturing facilities in West Michigan.

Published in Breaking News
Wednesday, 12 July 2017 14:22

‘Good Jobs’ legislation passes Michigan House

Controversial economic development legislation passed the Michigan House on Wednesday afternoon, setting the stage for Gov. Rick Snyder’s likely signature.

Published in Breaking News

Sunday, 25 June 2017 20:00

Office Furniture Supplier Roundtable: Supply chain focuses on fundamentals amid volatile office furniture market

Despite growing operational complexity and a period of industry-led change, office furniture suppliers say they remain optimistic.

Published in Manufacturing
Friday, 23 June 2017 11:46

Q&A: Gov. Rick Snyder discusses stalled economic development legislation, indictments

While Gov. Rick Snyder was on a week-long trade mission to Europe, economic development legislation he’s championed came to a halt and of one of his appointees was indicted over allegations related to the ongoing Flint water crisis. Snyder spoke with MiBiz on these and other topics from Milan, Italy.

Published in Breaking News
Sunday, 14 May 2017 13:49

MiBiz Growth Report: May 15, 2017

Here is the MiBiz Growth Report for May 15, 2017: 

• M&A: Muskegon-based KL Outdoor LLC will add a bevvy of new products to its business through a recent merger with GSC Technologies Corp., a Montreal-based manufacturer of kayaks and other plastic products. About three months ago, KL Outdoor — a manufacturer of kayaks, paddleboards and other watercraft — was purchased by New Water Capital LP, a private equity firm based in Boca Raton, Fla. The private equity firm plans to wrap GSC Technologies under the KL Outdoor brand, according to Dan Harris, vice president of sales at KL Outdoor. Harris expects the merger to expand KL Outdoor’s product offerings, as GSC manufactures a variety of products including outdoor furniture, totes and other related products.

Published in Breaking News

Sunday, 14 May 2017 13:12

To build or not to build? West Michigan manufacturers react to limited inventory of industrial facilities

When Siliconature Corp. examined potential sites in West Michigan for its North American headquarters, the company knew finding an existing building that fit its specific needs would be challenging.

Published in Manufacturing
Wednesday, 03 May 2017 14:32

Attwood Marine invests $2 million in Lowell facility

Attwood Marine will invest $2 million as part of an expansion project to grow its facility located at 1016 N. Monroe Street in Lowell.

Published in Breaking News
Sunday, 30 April 2017 16:31

MiBiz Growth Report: May 1, 2017

Here is the MiBiz Growth Report for May 1, 2017. 

• M&A: Kalamazoo-based Stryker Corp. acquired the assets of Charleston, S.C.-based Cactus LLC, a manufacturer of pharmaceutical waste management systems, according to a statement. Cactus products have been sold in the U.S. since 2012 and have been installed in more than 1,300 facilities. The products will become part of Stryker’s Surgical Safety business, a division of Stryker Surgical Instruments. Terms of the deal were not disclosed.

Published in Breaking News

Sunday, 16 April 2017 12:56

Data enterprise: West Michigan grows as hub for call centers, data centers

Driven by relatively affordable real estate and a diverse workforce, the West Michigan region has become a growing hub for call centers, administrative back offices and — to a lesser extent — data centers.

Published in Other
Sunday, 16 April 2017 12:37

West Michigan electronics makers find growth in IoT devices, autonomous vehicles

After years of leading the market for its signature technology, Fleetwood Electronics realized it let its position slip away.

Published in Manufacturing
Sunday, 16 April 2017 12:34

Wages slower to grow in Michigan, adjacent Right to Work states

In Michigan and two neighboring states that passed Right to Work laws, wages have grown slower than in three other Great Lakes states that have preserved collective bargaining rights.

Published in Breaking News

Sunday, 19 March 2017 16:11

Broadband access becomes key tool for economic growth

LAKETOWN CHARTER TOWNSHIP — Just south of Holland, voters last spring narrowly defeated a local plan to bring high-speed broadband internet service to every residential and commercial building in the township.

Published in Economic Development
Sunday, 19 March 2017 16:04

Energy efficiency financing mechanism ‘outpaced’ by current market trends

GRAND RAPIDS — A group of investors hoping to redevelop one of downtown’s last vacant buildings believes energy-efficient infrastructure could serve as one method to achieve greater affordability.

Wednesday, 08 March 2017 14:00

California closet maker to invest nearly $6 million in West Michigan manufacturing facility

California Closets plans to establish a new manufacturing facility in Grand Rapids in a bid to support customers in the country’s eastern portion.

Published in Breaking News

Tuesday, 07 March 2017 15:16

Former U.K. prime minister David Cameron to visit Grand Rapids for Econ Club address

Former prime minister of the United Kingdom, David Cameron, will visit Grand Rapids on June 19 to speak at The Economic Club of Grand Rapids 30th Annual Dinner meeting.

Published in Breaking News
Sunday, 05 March 2017 20:07

Role for economic developers moves beyond corporate attraction, retention as economy shifts

Economic developers from West Michigan and across the state increasingly find their roles shifting.

Published in Economic Development
Sunday, 19 February 2017 13:53

MiBiz Growth Report: Feb. 20, 2017

Here is the MiBiz Growth Report for Feb. 20, 2017. 

• M&A: AMI Entertainment Network LLC in Grand Rapids has acquired NSM Music Group Ltd., a Leeds, U.K.-based manufacturer of jukeboxes. The deal for NSM Music marks the first overseas expansion for AMI, a provider of digital jukeboxes and other products for the nightclub and bar industry, according to a statement. Founded in 1951 in Germany, NSM will maintain its independent branding and headquarters. General Manager Martin Agabeg will report to AMI President Mike Maas. Terms of the deal were not disclosed. Going forward, AMI plans to invest in NSM and enhance the company’s products and service, according to a statement.

Published in Breaking News

Friday, 17 February 2017 14:15

New dashboard to provide accessible West Michigan data

A new dashboard unveiled today by a coalition of West Michigan economic developers and other organizations aims to increase accessibility to key data about the region.

Published in Breaking News
Sunday, 19 February 2017 18:09

Economic developers again push for enhanced incentives

When it comes to economic development efforts in Michigan, practitioners and policymakers say it’s important to legislate the tools to attract and retain companies, not individual projects.

Published in Economic Development
Sunday, 19 February 2017 17:39

Chilling Effect? West Michigan execs fear talent fallout over Trump’s immigration policies

Growing up in Kalamazoo, Rishi Makkar vividly recalls his father working nights mopping floors at a gas station while chairing the criminal justice department at Western Michigan University by day. 

Published in Breaking News

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