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Finance (301)

The trade group for venture capitalists in Michigan wants to form a $100 million fund to match millions in private capital with public investment. 

Michigan needs to maintain a major push started a decade ago to diversify the state’s economy, according to a study that credits the effort with spurring greater innovation and entrepreneurship.

Bankers say they hear it regularly from their clients: It’s gotten awfully hard to find good talent these days.

Two Michigan bank deals move ahead

Written by | Sunday, 10 July 2016 13:35 |

Two large bank mergers affecting the Michigan market are progressing, with one securing shareholder approval and another awaiting a vote in the coming weeks.

Michigan’s largest agricultural lender views a $25,000 sponsorship and in-kind support pledged to Ottawa County’s Great Lakes Ag-Tech Incubator as a key part of its business.

Credit unions across Michigan have enjoyed strong growth in recent years.

state lawmaker wants to restore an angel investment tax credit in Michigan as a way to create a larger pool of prospective investors in startup companies.

Updates to a Michigan law now allow credit unions to branch into new services while streamlining their state regulatory burden.

State revenue from taxes paid by small businesses more than doubled as Michigan’s economy improved coming out of the Great Recession and as the overall business tax burden in the state declined.

KALAMAZOO — Life sciences startup Innovative Cardiovascular Solutions LLC of Kalamazoo netted $1.4 million so far in a push to raise up to $7 million in Series B capital. 

The opening of equity-based crowdfunding in the U.S. provides a new option for entrepreneurs to raise money from individuals who want to invest but don’t meet the definition of an accredited investor.

HOLLAND — Macatawa Bank Corp. sits in a far better position today than it did in the recent past.

GRAND RAPIDS — Commerce Bank has moved into West Michigan, seeking to carve out a role in the middle market.

When Mike Price and his colleagues formed Mercantile Bank Corp. nearly 20 years, they faced a vastly different landscape versus what exists today.

Venture capital firms in Michigan do better than their counterparts nationally, but women and minorities still account for a small number of investment professionals who work in the industry and the entrepreneurs it supports.

After operating for years in rural communities to the north, ChoiceOne Bank wants to carve out a position in downtown Grand Rapids.

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