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In the News (2585)

MiBiz Growth Report: Aug. 6. 2018

Written by | Sunday, 05 August 2018 20:00 |

Here is the MiBiz Growth Report for Aug. 6. 2018.

Spurred on by changing consumer shopping habits, West Michigan grocery retailers want to make the task of shopping less of a “chore” by leveraging new technology-driven initiatives.

A new report by Lansing-based research firm Public Sector Consultants Inc. determined that Michigan consumers sent $18.5 billion out of state with their growing use of e-commerce. The report, commissioned by the Michigan Retailers Association, was released in conjunction with the debut of the group’s Buy Nearby campaign that aims to educate consumers on the benefits of shopping locally. The PSC report found that if consumers switched just one out of every 10 purchases to a local retailer, Michigan would stand to gain $1.2 billion annually in increased economic activity and 10,600 new jobs in the retail industry, which already employs one in five Michiganders. MRA President and CEO James Hallan spoke with MiBiz about the trade group’s focus on the benefits of shopping locally. 

Immigrants play an outsized role in Michigan’s small business economy, according to a new research from the Michigan League for Public Policy.

One of West Michigan’s prominent contract medical device manufacturers has been acquired by a Philadelphia, Pa.-based private equity firm.

Teleperformance USA plans to close a Grand Rapids-area customer call center, a move that will lead to 91 people losing their jobs.

Aerospace manufacturer Arconic Inc. is investing $104 million into a 103,000-square-foot expansion at its casting plant north of Muskegon.

A West Michigan manufacturer of stand-on leaf and debris blowers has agreed to sell to Briggs & Stratton Corp.

Outdoor retailer REI plans Grand Rapids store

Written by | Wednesday, 01 August 2018 09:59 |

New-to-market retailers continue to focus on the vicinity of the 28th Street-East Beltline Avenue intersection for store locations.

Neogen acquires water test developer

Written by | Wednesday, 01 August 2018 09:41 |

A Mid-Michigan manufacturer of food and animal safety testing products has acquired a California company to broaden its access to the water microbiology testing market.

Betten Baker acquires Midland dealership

Written by | Wednesday, 01 August 2018 08:55 |

Betten Baker Auto Group acquired its fourth dealership so far this year with the purchase of a store in Midland.

Distributor Gordon Food Service Inc. is beefing up its Canadian operations with an expansion project in Quebec.

Macatawa Bank Corp. credits higher net interest income, federal tax reform and cost control for a 17.5 percent increase in earnings for the second quarter.

Strong loan growth, the recent acquisition of Traverse City State Bank, and a lower tax rate drove Independent Bank Corp.’s earnings significantly higher in the second quarter.

Industrial equipment manufacturer Burke Porter Group continues to expand its European holdings with the acquisition of an Italian firm specializing in the design and engineering of refrigeration and air-conditioning systems.

ChoiceOne Financial Services Inc. recorded higher earnings for the second quarter.

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