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Leading Michigan business executives view the state as having reached “basecamp two” in its climb up the mountain of becoming a top 10 state in terms of jobs, personal income and economic health.

Meijer planning more smaller format urban stores

Written by | Wednesday, 07 March 2018 07:55 |

Meijer Inc.’s 39,000-square-foot Bridge Street Market being built west of downtown will serve as a “proof of concept” for the company’s planned expansion of smaller format urban grocery stores.

A West Michigan tooling and automation firm has acquired a boutique die and stamped products engineering firm.

The Kent County Department of Public Works (DPW) has taken a step forward in its goal of exiting the landfill business over the next decade.

MiBiz Growth Report: March 5, 2018

Written by | Sunday, 04 March 2018 18:52 |

Here is the MiBiz Growth Report for March 5, 2018:

• M&A: After nearly doubling the business over the last two and a half years, the private equity owners of Action Fabricators Inc. decided the market timing was right to find a partner to take the company to the next level. Last week, Chattanooga, Tenn.-based River Associates Investments LLC announced it had sold the Grand Rapids-based manufacturer of adhesive-backed products for the automotive and medical device industry to Boyd Corp. of Modesto, Calif. Terms of the deal were not disclosed. Action Fabricators grew revenues from around $45 million in 2015 to nearly $80 million at the time of the sale. President and CEO Jon Rudolph and the rest of the management team will stay on with the new owners. Boyd is a portfolio company of San Francisco-based Genstar Capital. Milwaukee, Wis.-based Robert W. Baird & Co. represented Action Fabricators in the deal.

Rates that Blue Cross Blue Shield of Michigan charges small businesses for employee health coverage would increase modestly and in some cases decline for policies renewed in the second half of 2018.

The $50 million Health Pointe medical center that opens next week follows the same model that Spectrum Health has used over the years to develop other outpatient campuses across West Michigan.

Bellaire-based Short’s Brewing Co. LLC will expand its production facility in Elk Rapids, the company announced Thursday.

GVSU President Haas to retire next year

Written by | Wednesday, 28 February 2018 12:21 |

Grand Valley State University President Tom Haas plans to retire in mid 2019.

In a new deal, the Grand Rapids office of Colliers International Inc. seeks to expand its multifamily business.

After nearly doubling the business over the last two and a half years, the private equity owners of Action Fabricators Inc. decided the market timing was right to find a partner to take the company to the next level.

The Grand Rapids Downtown Market continues to restructure long-standing debt tied to a state economic development incentive as it attempts to stabilize its finances.

The path to regulatory approval for a mega-merger of two broadcast television conglomerates could result in the sale of one of their stations in Grand Rapids and Kalamazoo.

Over the next year, SpartanNash Co. plans to reinvest its federal tax savings in its employees and in energizing its Family Fare grocery stores.

A collaborative real estate development project on Grand Rapids’ southwest side received its final city approval on Tuesday night and now plans a fall groundbreaking.  

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