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Displaying items tagged: finance

Sunday, 05 December 2021 18:30

New hire part of Michigan Women Forward’s West Michigan, loan expansion

Hiring a new business development director who’s based in Grand Rapids is part of Michigan Women Forward’s goal to build a larger West Michigan market presence for business lending and support for female-owned businesses and entrepreneurs of color.

Published in Finance
Sunday, 05 December 2021 18:45

Survey: Pay raises grow in a year marked by tight labor market

Employers competing for talent in a tough labor market across the region used larger pay raises in 2021 than in previous years, according to an annual wage and salary survey. 

Published in Finance
Tuesday, 30 November 2021 08:30

Michigan Capital Network expands to Saginaw, Midland markets with addition of BlueWater Angels

GRAND RAPIDS — Michigan Capital Network has further expanded its angel investment network across the state with the addition of Saginaw-based BlueWater Angels.

Published in Finance

Monday, 29 November 2021 12:48

MiBiz on WOOD-TV: The Right Place expands to Mason, Mecosta counties

GRAND RAPIDS — Regional economic development organization The Right Place Inc. recently announced new partnerships that would bring its services and expertise to Mason and Mecosta counties in West Michigan.

Published in Finance
Tuesday, 23 November 2021 16:06

Gage eyes retail cannabis acquisitions after securing $55M in financing

DETROIT — Vertically integrated cannabis company Gage Growth Corp. has secured a $55 million senior secured term loan to support retail acquisitions in Michigan and provide working capital.

Published in Finance
Sunday, 21 November 2021 18:10

Bill would allow tax credit on investments in Michigan-based businesses

Individuals investing in Michigan-based businesses could seek a credit on the state’s income tax under legislation proposed in Lansing.

Published in Finance

Sunday, 21 November 2021 18:00

PE deals expected to drive record-breaking year for M&A in 2022

recovering U.S. economy and readily available capital to finance deals are expected to drive M&A activity even higher in 2022.

Published in Finance
Sunday, 21 November 2021 17:30

Bankers: Commercial lending remains strong despite various economic headwinds

Given all that’s occurred in the past 20 months, Krista Flynn considers the present lending environment a pleasant surprise.

Published in Finance
Sunday, 21 November 2021 17:10

Finance experts prepare for likely interest rate increase in 2022

Borrowing could cost a little more in 2022 should the Federal Reserve follow expectations and begin raising interest rates.

Published in Finance

Monday, 15 November 2021 13:49

MiBiz on WOOD-TV: Bell’s Brewery deal latest in West Michigan craft beverage acquisitions

GRAND RAPIDS — Bell’s Brewery Inc.’s announcement last week that it’s selling to the parent company of New Belgium Brewing Co. sent shockwaves through Michigan’s craft beverage industry. It also represents the latest in a series of high-profile deals involving Michigan craft beverage companies.

Published in Finance
Thursday, 11 November 2021 16:53

2022 M&A activity expected to remain strong, according to new outlook

A hot M&A market should get even hotter in the coming year, according to the results of law firm Dykema Gossett PLLC’s latest annual M&A outlook survey.

Published in Finance
Wednesday, 10 November 2021 15:28

Whitmer joins bipartisan call to pass federal cannabis banking regulations

Gov. Gretchen Whitmer has joined 20 other governors in urging Congress to enact legislation that would enable more banks and credit unions to serve the growing cannabis industry.

Published in Finance

Monday, 08 November 2021 12:28

MiBiz on WOOD-TV: New Community Transformation Fund names first managing director

GRAND RAPIDS — A venture capital fund that plans to invest in minority-owned businesses has named Ollie Howie as its first managing director.

Published in Finance
Sunday, 07 November 2021 18:55

Ollie Howie named first managing director of minority-focused venture capital fund

The first managing director of a venture capital fund that plans to invest in businesses owned by people of color sees an opportunity to pioneer an initiative for greater economic diversity in West Michigan.

Published in Finance
Wednesday, 03 November 2021 14:47

Mercantile Bank expands northern Michigan reach with Petoskey lending office

PETOSKEY — Mercantile Bank Corp. has expanded further in the northern Lower Peninsula with the opening of a lending office in Northern Michigan.

Published in Finance

Tuesday, 02 November 2021 14:18

PE firm Blackford Capital adds to hospitality holdings with new acquisition

GRAND RAPIDS — Private equity firm Blackford Capital has added to its holdings in the hospitality sector with the acquisition of ID Collaborative Inc., a Greensboro, N.C.-based interior design firm.

Published in Finance
Monday, 01 November 2021 16:27

Norton Shores distributor Nichols Paper & Supply acquired by expanding New Jersey firm

NORTON SHORES — Nichols Paper & Supply Co., a Norton Shores-based distributor of paper, industrial packaging and sanitary supplies, has been acquired by a New Jersey-based distributor with deep experience in food service packaging and janitorial supplies.

Published in Finance
Friday, 29 October 2021 10:37

Macatawa Bank earnings increase slightly amid deposit, commercial loan growth

HOLLAND TWP. — Macatawa Bank Corp.’s third-quarter earnings grew slightly from a year earlier amid strong deposit growth.

Published in Finance

Thursday, 28 October 2021 16:22

ChoiceOne Bank reports strong Q3 earnings as core deposit base grows

SPARTA — ChoiceOne Financial Services Inc. reported strong earnings growth over the third quarter from a year earlier that included merger-related expenses.

Published in Finance
Tuesday, 26 October 2021 13:43

Independent Bank reports drop in quarterly earnings, though strong commercial lending pipeline remains

GRAND RAPIDS — Independent Bank Corp. recorded lower third-quarter earnings from a year earlier, though year-to-date profits have grown by more than 28 percent.

Published in Finance
Monday, 25 October 2021 17:01

Auxo Investment Partners acquires railroad maintenance company, expects further growth in sector

GRAND RAPIDS — Private equity firm Auxo Investment Partners has entered the railroad business with the acquisition of maintenance company Genesis Rail Services LLC.

Published in Finance

Sunday, 24 October 2021 17:45

Whitmer proposes $200M in federal pandemic relief for tech startups

Gov. Gretchen Whitmer seeks to inject $200 million into Michigan technology startups using federal pandemic relief funds.

Published in Finance
Sunday, 24 October 2021 17:30

Kalamazoo-based med device firm raises $2M as it moves closer to market

CrossLiner Inc. secured a $2 million venture capital investment in the third quarter that will help the company move closer to the marketplace with a new cardiac catheterization device.

Published in Finance
Wednesday, 20 October 2021 09:24

Mercantile Bank records strong Q3 commercial loan growth with new clients

GRAND RAPIDS — Mercantile Bank Corp. recorded strong loan growth in the third quarter with an earnings increase of more than 40 percent from a year earlier.

Published in Finance

Friday, 15 October 2021 15:43

Comerica economists lower expectations, forecast higher inflation rate in 2022

Comerica Inc. economists have lowered their expectations for U.S. economic growth next year while raising the forecasted inflation rate in their latest outlook.

Published in Finance
Sunday, 10 October 2021 17:30

New customers, federal relief programs drive growth in bank deposits

Some of the smallest banks in Michigan’s market recorded the biggest growth rates in deposits during a recent 12-month period of the COVID-19 pandemic.

Published in Finance
Tuesday, 21 September 2021 15:53

Skymint to acquire 3Fifteen in latest Michigan cannabis deal

ANN ARBOR — Michigan-based cannabis company Skymint Inc. has acquired 3Fifteen Cannabis in a deal that broadens the company’s position across the state.

Published in Finance

Thursday, 16 September 2021 15:19

Grand Rapids tax services firm acquires N.Y. software provider

WALKER — Greatland Corp., which provides tax reporting services to businesses nationwide, has acquired a New York firm that provides W-2 and 1099 preparation forms and software.

Published in Finance
Wednesday, 15 September 2021 16:34

CTS Telecom to expand Southwest Michigan service area after acquisition by MetroNet

GALESBURG — Indiana-based fiber optic provider MetroNet, which services clients across the U.S., announced on Wednesday that it has acquired Southwest Michigan-based fiber optic internet provider CTS Telecom Inc.

Published in Finance
Wednesday, 15 September 2021 10:39

Acrisure appoints former Disney executive as new CFO

GRAND RAPIDS — Acrisure LLC has hired a new chief financial officer who comes from The Walt Disney Co. and will play a key role in helping the company grow beyond the core insurance business.

Published in Finance

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