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Displaying items by tag: Waseyabek Development Co LLC

Tuesday, 17 May 2022 16:09

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. 

Published in Economic Development
Sunday, 13 February 2022 18:29

GR venture capital fund makes first investment, shows ‘strong pipeline’

$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.

Published in Finance
Sunday, 16 January 2022 18:41

MiBiz Growth Report: January 17, 2022

Here is the MiBiz Growth Report for January 17, 2022.

Published in Economic Development

Monday, 15 November 2021 16:50

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.

Published in Health Care
Thursday, 28 October 2021 13:57

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.

Published in Economic Development
Tuesday, 20 July 2021 16:54

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.

Published in Economic Development


Sunday, 14 February 2021 18:00

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. 

Published in Economic Development
Monday, 31 August 2020 11:22

MiBiz Growth Report: August 31, 2020

Here is the MiBiz growth report for August 31, 2020.

Published in Economic Development
Monday, 24 August 2020 12:38

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. 

Published in Economic Development

Sunday, 19 July 2020 17:20

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. 

Published in Economic Development
Sunday, 19 July 2020 17:28

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.

Published in Economic Development
Sunday, 07 June 2020 19:10

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. 

Published in Economic Development


Sunday, 19 January 2020 13:09

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. 

Sunday, 18 August 2019 17:30

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.

Published in Economic Development
Sunday, 23 June 2019 19:00

‘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. 


Sunday, 06 January 2019 10:54

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.

Published in Finance
Sunday, 25 November 2018 21:50

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.