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Mercantile Bank Corp.’s net income dipped in the first quarter, the result of one-time events.

GRAND RAPIDS — In the three years since Peter Jones moved from Los Angeles to Grand Rapids, he’s helped to more than double the amount of federal research funding that Van Andel Institute receives.

In Michigan and two neighboring states that passed Right to Work laws, wages have grown slower than in three other Great Lakes states that have preserved collective bargaining rights.

MiBiz Growth Report: April 17, 2017

Written by | Sunday, 16 April 2017 14:07 |

Here is the MiBiz Growth Report for April 17, 2017.

• M&A: Dallas-based America’s Auto Auction has acquired West Michigan Auto Auction of Wayland and Parma-based Interstate 94 Vehicle Auction as part of the company’s larger acquisition strategy. The Texas company closed on the deal April 1. Both West Michigan Auto Auction and Interstate 94 Vehicle Auction were owned by Carl Miskotten, who will remain as the general manager of both facilities, according to a report in Auto Remarketing. Prior to the deal, America’s Auto Auction acquired seven facilities from Baton Rouge, La.-based Auction Broadcasting Co. in January 2017. The company operates a total of 21 auction locations across the U.S. Terms of the deal were not disclosed.

Spectrum Health appoints new EVP and COO

Written by | Friday, 14 April 2017 16:47 |

Spectrum Health today named Tina Freese Decker as executive vice president and chief operating officer as part of an executive restructuring.

Oxx LLC, a manufacturer of rugged appliances, closed a $2 million capital raise earlier this month.

A veteran executive from the Michigan Chamber of Commerce will join the administration of Gov. Rick Snyder.

Target Corp. this week announced plans to open a small-format store along East Grand River Avenue in downtown East Lansing.

Grand Valley Protective Coatings LLC, a painting and paper hanging company based in Grant north of Grand Rapids, has filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Western District of Michigan.

First National Bank of Michigan plans to enter the Lansing market after expanding to the lakeshore area with a Holland loan office last fall.

Melanie Spring thinks most employers desperately need to update their hiring practices.

WMU names Georgetown dean as new president

Written by | Wednesday, 12 April 2017 12:04 |

Edward Montgomery, dean and a professor of economics at Georgetown University’s McCourt School of Public Policy, will become Western Michigan University’s next president this summer.

Michigan’s venture capital industry maintained steady growth in the last year, although fewer out-of-state venture firms have an office in the state.

A company that spun out early last year from a Kalamazoo drug developer plans to move its office to San Diego, Calif. after securing $40 million in new venture capital funding.

Digital marketing and advertising firm Adtegrity Inc. announced today its plan to vacate its current headquarters at 38 Commerce Ave. SW and move to the growing Bridge Street corridor.

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