Displaying items tagged: Waseyabek Development Co LLC
People in the news: Feb. 13, 2023
A roundup of promotions, new hires, advancements and award winners in West Michigan.
Gun Lake Investments taps former deal partner to run operations
After a seven-year career in tribal economic development at Waséyabek Development Co. LLC for his tribe, Jimmy TenBrink now finds himself heading up operations for a familiar tribal partner.
GR venture capital fund makes first investment, shows ‘strong pipeline’
A $500,000 investment from a venture capital fund supporting companies operated by minorities and people of color will help advance Anthony Chang’s vision for a network of advanced cancer treatment clinics across the U.S.
MiBiz Growth Report: January 17, 2022
Here is the MiBiz Growth Report for January 17, 2022.
Tribally owned firm invests $3M in company building advanced cancer treatment clinic in GR
GRAND RAPIDS — Waséyabek Development Co. LLC, the non-gaming economic development arm of the Nottawaseppi Huron Band of the Potawatomi, has invested $3 million in a company developing a new clinic for advanced cancer treatment in Grand Rapids.
Tribes renew partnership with acquisition of two Holland transportation companies
The investment arms of two West Michigan tribes have partnered to acquire a pair of transportation companies in Holland.
Gun Lake Investments CEO Kurtis Trevan resigns
GRAND RAPIDS — The CEO of Gun Lake Investments — the economic development arm of the Match-E-Be-Nash-She-Wish Band of Potawatomi Indians, or Gun Lake Tribe — has resigned after six years in the position.
Tribes leverage similar investment philosophies in McKay Tower transaction
The seeds for the joint purchase of the iconic McKay Tower building in downtown Grand Rapids took root years ago when the CEOs at Waséyabek Development Co. LLC and Gun Lake Investments started talking about doing deals together.
MiBiz Growth Report: August 31, 2020
Here is the MiBiz growth report for August 31, 2020.
Tribally owned firm acquires Re-source Industries Inc. of Muskegon
GRAND RAPIDS — Waséyabek Development Co., the non-gaming economic development arm of the Nottawaseppi Huron Band of the Potawatomi Indians, continues to build out its portfolio of companies with the acquisition of a Muskegon-based manufacturer.
Michigan tribes face ‘circular exclusion’ from key minority business certification
As a citizen of the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians and CEO of its non-gaming enterprise, Kurtis Trevan wants to leverage other corporations’ diversity and inclusion goals to the economic benefit of his fellow tribe members, as well as further the tribe’s own inclusionary spending.
Casino closures make case for Michigan tribes’ further economic diversification
In mid March of this year, all 24 of Michigan’s tribally operated casinos fell silent, their more than 22,280 slot machines spitting out their final paydays for lucky patrons or taking one last injection of cash for the house.
Tribally owned firm secures $161M federal contract, expands GR headquarters
GRAND RAPIDS — A federal contracting firm owned by Waséyabek Development Co. LLC has begun work on a five-year, $161 million contract with the Department of Energy to provide site operations and support services at three National Energy Technology Laboratory locations.
EDITOR’S NOTEBOOK: Tribes reiterate commitment to GR with McKay Tower deal
More than a decade ago, Grand Rapids business leaders lobbied hard to block the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians, known locally as the Gun Lake Tribe, from opening a casino near Wayland.
Groups like 23 is Enough and MichGO drove the narrative that any casino development south of Grand Rapids would “siphon off” jobs and investment from the city’s then-rebuilding downtown, limiting growth in entertainment options and economic opportunity alike. They cited a study commissioned by the Grand Rapids Area Chamber of Commerce in the early 2000s that estimated $880 million of “economic hemorrhaging” in the surrounding counties if Gun Lake Casino were ever allowed to move forward.
Looking around downtown Grand Rapids today, it’s hard to find evidence that their worst fears were in any way realized.
INDIAN COUNTRY: Tribes grapple with how to approach cannabis economically, legally
Native American tribes that want to participate in Michigan’s fledgling cannabis industry face many bureaucratic hurdles.
‘Perfect fit:’ Gun Lake Investments invests in Stockbridge project amid push into real estate deals
GRAND RAPIDS — Tribally-owned Gun Lake Investments is making an active push into the West Michigan commercial real estate market with an investment in a high-profile redevelopment and three property acquisitions so far this year, MiBiz has learned.
M&A/PE Roundtable: Advisers see strong M&A market ahead, even as distressed deals, due diligence ramps up
M&A professionals expect the dealmaking market to remain healthy in 2019. That’s one of the conclusions from a panel of executives MiBiz assembled to talk about West Michigan’s mergers and acquisitions sector.
Tribal firm acquires historic Kendall Building in downtown GR
GRAND RAPIDS — The non-gaming arm of the Nottawaseppi Huron Band of the Potawatomi has acquired a downtown building for its headquarters as it looks to grow its federal contracting business, MiBiz has learned.