Displaying items by tag: The Right Place Inc
Automotive suppliers in West Michigan will begin warming up the industry’s supply chain next week.
HOME, FOR NOW: Office furniture industry stays vigilant as nation joins ‘huge experiment’ in remote working
The COVID-19 global pandemic has pushed millions of Americans to work from their home offices, or in lieu of a dedicated workspace, their dining room tables and couches.
Nearly 200 small businesses in West Michigan that are struggling to survive through the COVID-19 pandemic will receive grant support from the state’s Michigan Small Business Relief Program.
The new normal: As public officials and businesses plan to reopen, the future will look much different
The world around us — as we knew it in Michigan before March 10 — is going to look much different for the next 12 to 18 months.
The foundation for the Grand Rapids Area Chamber of Commerce wants to raise another $2 million for an emergency relief fund for small businesses affected by closures from the COVID-19 pandemic.
The widespread closure of schools, workplaces and in-person doctor visits has highlighted inequities in reliable internet access across Michigan, particularly among rural and low-income residents.
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A coalition of West Michigan business, community and governmental organizations has formed to provide resources to business owners and employees facing confusion amid new restrictions to control the outbreak of the coronavirus.
The historic $2 trillion federal economic stimulus bill signed into law Friday contains $350 billion in loans for small businesses that could transition into grants.
Michigan’s loan and grant program for small businesses affected by the coronavirus is now accepting applications, state officials announced today.
GRAND RAPIDS — As the coronavirus pandemic spread to Michigan, Norman Beauchamp saw a need and an opportunity to coordinate manufacturers locally to supply equipment and supplies to hospitals expecting a surge in patients.
When it comes to manufacturing, a low-cost product does not have to be synonymous with a low-quality product. That was a main takeaway from a recent webinar hosted by the Michigan Manufacturing Technology Center-West, MiBiz and The Right Place. The webinar on Design for Manufacturing and Assembly — often referred to as DFMA — brought together West Michigan manufacturing executives to discuss the importance of intentional product design in manufacturing.
GRAND RAPIDS — Laser cutting service Laser Access LLC is under new ownership and plans to expand its facility in Walker.
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GRAND RAPIDS — Spectrum Health Ventures LLC’s latest investment follows a new corporate strategy from its parent health system to buy locally more often.
A significant and expanding group of people in Michigan are working but still not bringing home a paycheck big enough to cover their basic expenses.
GRAND RAPIDS — Grand Action, the business group that pushed some of the largest downtown developments over the last 25 years, plans to resume operations with new leadership.
Situated about 35 miles north of Grand Rapids, Newaygo County is a mostly rural area of Michigan that boasts an abundance of natural resources, but struggles with infrastructure.
GRAND RAPIDS — A business accelerator in East Lansing wants to extend into Grand Rapids this fall to tap into the local entrepreneurial ecosystem and support more high-tech startups.
West Michigan-based suppliers of aerospace giant Boeing Co. continue to weigh their ability to bear higher costs during the company’s temporary suspension of production.
Muskegon County officials are hoping the possible purchase of 377 acres of private land will increase the quality of life and help with talent attraction.
GRAND RAPIDS — Regional economic development firm The Right Place Inc. will focus on new areas of economic opportunity over the next three years.
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.
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.
SHELBY — Family-owned fruit processor Peterson Farms Inc. is expanding its operations in Oceana County, north of Muskegon.
MAKING THE CASE: Preserving local ownership a priority as West Michigan firms attract heightened PE interest
Locally owned and operated businesses are a unique asset to West Michigan’s economy, but that dynamic is changing as more owners opt to sell to private equity firms that have increasingly targeted the region for deals.
If the long-promised economic downturn is on the horizon, manufacturers will be the first to feel it in 2020. That’s according to economists and industry experts who say the U.S. economy has become virtually split as it’s powered by confident consumers but weakened by a cautious business sector that is reducing investments and bracing for a contraction.
A combination of factors came together in 2019 to take a bite out of Michigan’s economy. The six-week General Motors strike, white-collar job cuts at GM and Ford early in 2019, a slowing manufacturing sector, and relatively flat auto sales collectively held back the state’s growth this year.
GREENVILLE — Manufacturer Aquest Machining & Assembly plans to invest an estimated $1.3 million into an expansion of its current location in Greenville.
On top of ongoing trade disputes and the disruptive GM strike, two statistical gauges of the U.S. manufacturing industry hit new lows, leaving economists and manufacturers preparing for a meaningful economic shift from a decade of growth.
With former CEO Jim Edmonson back at the helm and a new board of directors, Muskegon Area First has positioned itself for fiscal and programmatic growth to support Muskegon County’s economic development into the next decade.
ADA — Software development firm Michigan Software Labs LLC expects to nearly double its headcount as part of an expansion at the company’s Ada location.