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Finance (390)

As established small and midsize companies, particularly manufacturers, look to grow, many of them run into challenges accessing traditional business loans from banks.

New angel investment group launches in Muskegon

Written by | Sunday, 17 February 2013 22:00 |

MUSKEGON — A new angel investment group formed in Muskegon has $550,000 in the bank and is ready to invest in companies and ideas.

LANSING — The idea isn’t to do more regulation, Kevin Clinton says, but to advocate for the growing financial services and insurance industries in Michigan.

GRAND RAPIDS — Changes in the Michigan management structure at Huntington Bank are designed to better enable the lending institution to gain market share across the state.

A new angel investment group formed in Muskegon has $550,000 in the bank and is ready to invest in companies and ideas.

Muskegon investors form angel group

Written by | Friday, 08 February 2013 09:12 |

An angel investment group launching in Muskegon could provide a potential new source of capital for local entrepreneurs.

Venture capital investing in Michigan had one of its best years ever in 2012, setting the stage for what one venture investor sees as “another very big year” for further growth.

Macatawa Bank Corp. ended 2012 doing something it hadn’t done for some time: growing loans and deposits.

Huntington Bank announces leadership change

Written by | Wednesday, 30 January 2013 17:00 |

As Regional President Jim Dunlap focuses on the Huntington’s statewide operations, veteran banker John Irwin steps into the role as West Michigan market leader.

An Indiana bank’s entry into the Southwest Michigan market through the acquisition of 20 Bank of America offices follows an ongoing expansion strategy and may serve as a “stepping stone” for more moves in the future.

A $750,000 investment in a Grand Rapids software company made 2012 the busiest year ever for Grand Angels.

The $1.25 million Blue Medora received from Start Garden and Grand Angels will go to add staff and develop new products.

 

Most outlooks project slow growth in 2013

Written by | Sunday, 20 January 2013 22:19 |

Economic outlooks and survey results generally view West Michigan’s economy and employment growth as plodding along with the nation for the first half of 2013, then picking up during the latter months of the year.

 

An Indiana bank plans to enter the Southwest Michigan market with the acquisition of 20 branch offices from Bank of America.

Office furniture makers upbeat despite challenges

Written by | Sunday, 06 January 2013 23:13 |

Steelcase Inc. is expecting a relatively flat sales pace for the present quarter, while rival Herman Miller Inc. anticipates solid growth, part of which will come from making up sales that were delayed by Hurricane Sandy on the East Coast.

Voters to get final say in PPT repeal

Written by | Sunday, 06 January 2013 23:08 |

After securing a partial victory in a long-sought goal of repealing Michigan’s personal property tax, business advocates next need to turn their attention to convincing voters to go along with the plans.

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