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Displaying items by tag: The Right Place Inc

Friday, 08 May 2020 16:45

Suppliers resume manufacturing in preparation for automakers

Automotive suppliers in West Michigan will begin warming up the industry’s supply chain next week.  

Published in Manufacturing
Sunday, 10 May 2020 18:02

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. 

Published in Manufacturing
Friday, 01 May 2020 17:13

West Michigan small businesses receive $1 million in state funding, ‘staggering’ need

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.

Published in Small Business

Sunday, 26 April 2020 18:20

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.

Published in Economic Development
Wednesday, 22 April 2020 11:18

Grand Rapids Chamber seeks additional $2 million for small business relief fund

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.

Published in Small Business
Sunday, 12 April 2020 19:37

Rural broadband access in focus as school, health care, work shift to homes

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.

Published in Economic Development

Monday, 30 March 2020 15:45

West Michigan coalition compiles COVID-19 resources for businesses, employees

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. 

Published in Economic Development
Friday, 27 March 2020 17:09

Stimulus law directs $350B in support for small biz

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.

Published in Small Business
Friday, 27 March 2020 13:15

Applications now open for Michigan small business grants, loans

Michigan’s loan and grant program for small businesses affected by the coronavirus is now accepting applications, state officials announced today.

Published in Small Business

Friday, 27 March 2020 05:02

MSU, The Right Place form task force to connect manufacturers to hospitals in need

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.

Published in Manufacturing
Monday, 23 March 2020 08:08

Everything Begins with Design

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. 

Published in Sponsored content
Friday, 13 March 2020 14:33

Laser Access acquired, plans $1.6 million expansion

GRAND RAPIDS — Laser cutting service Laser Access LLC is under new ownership and plans to expand its facility in Walker. 

Published in Manufacturing

Sunday, 15 March 2020 17:45

Spectrum Health venture capital arm adds ‘buy local’ focus

GRAND RAPIDS — Spectrum Health Ventures LLC’s latest investment follows a new corporate strategy from its parent health system to buy locally more often.

Published in Health Care
Sunday, 15 March 2020 15:30

Economic, community development officials call for action to raise wages

significant and expanding group of people in Michigan are working but still not bringing home a paycheck big enough to cover their basic expenses. 

Published in Nonprofits
Monday, 09 March 2020 09:54

Grand Action relaunches to focus on transformational projects in Grand Rapids

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.

Published in Economic Development

Sunday, 01 March 2020 18:10

Newaygo County working on development opportunities

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. 

Sunday, 01 March 2020 15:30

MSU to open satellite Conquer Accelerator in Grand Rapids

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.

Published in Small Business
Sunday, 16 February 2020 19:20

West Michigan aerospace suppliers manage through uncertainty

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. 

Published in Manufacturing

Sunday, 16 February 2020 16:30

West Michigan communities leverage outdoor recreation in placemaking

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.

Published in Economic Development
Wednesday, 05 February 2020 12:31

The Right Place to prioritize wage growth, inclusion in new 3-year plan

GRAND RAPIDS — Regional economic development firm The Right Place Inc. will focus on new areas of economic opportunity over the next three years.

Published in Economic Development
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
Wednesday, 22 January 2020 14:47

Peterson Farms invests $22 million in expansion

SHELBY — Family-owned fruit processor Peterson Farms Inc. is expanding its operations in Oceana County, north of Muskegon. 

Published in Food/Agribusiness
Sunday, 05 January 2020 17:04

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. 

Published in Economic Development

Sunday, 22 December 2019 11:43

Manufacturing Outlook: West Michigan manufacturing could contract in 2020, economists say

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.

Published in Manufacturing
Sunday, 22 December 2019 14:28

Michigan Economic Outlook: After ‘disappointing’ year, Michigan economy poised to grow in 2020

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.

Published in Finance
Monday, 28 October 2019 12:07

Aquest Machining plans $1.3 million expansion in Greenville

GREENVILLE — Manufacturer Aquest Machining & Assembly plans to invest an estimated $1.3 million into an expansion of its current location in Greenville.

Published in Manufacturing

Sunday, 13 October 2019 15:00

Manufacturing indicators point to long-promised economic downturn

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. 

Published in Manufacturing
Sunday, 13 October 2019 17:37

M&A Awards: Muskegon Area First transitions to private-sector model

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.

Published in Economic Development
Wednesday, 09 October 2019 14:14

Ada software developer to double workforce as part of expansion

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. 

Published in Small Business

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