“It’s definitely not easy anymore.” — Jason Spaulding, Brewery Vivant
As Michigan’s craft beverage industry matures and gets more competitive, it’s causing more than a few growing pains to emerge. Additionally, the pace of growth has slowed, forcing producersto rely on solid business practices to succeed. In this comprehensive special report, MiBiz examines how these companies are adapting their strategies to survive in the ever-changing market.
As the craft brewing industry grows in Michigan and beyond, it has been met with a continual skepticism about whether the market can support even more producers. Every industry hiccup stirs talk of a craft beer bubble that’s on the verge of bursting. In separate interviews, MiBiz brought that discussion to three professional advisers to get their take on the state of the industry.
Thirsty Michigan craft beer consumers bought the equivalent of around 59,000 more pints of Brewery Vivant’s beer in 2016 than they did the year before.
Milacron Holdings Corp. today detailed its plans to invest in a West Michigan manufacturing facility.
An operator of private prisons plans to close its facility in Northern Michigan’s Lake County.
As the four partners developed the business plan for Creston Brewery, they faced a key decision that would define the future direction of their company.
A Pennsylvania plant closure could translate into growth in West Michigan for a global plastic injection molding supplier.
Because Native American tribes are sovereign nations, they’re tax-exempt and have their own statutes and regulations, although they must follow federal law. Tribally owned firms also are exempt from state and federal income taxes.
Across West Michigan, Native American tribes have started to hang out their own shingle in enterprises that move them away from the familiar tribal-owned casino.
Last month, Laura Bell took on the role of CEO at Comstock-based Bell’s Brewery Inc., the company her father started in 1985 when she was 2 months old. The second-generation leader spoke with MiBiz about what it’s like to run a family-owned business, her vision for the company and why independence still matters in craft beer.