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Auxo Investment Partners acquires majority stake in Muskegon marine transporter
Private equity firm Auxo Investment Partners moved deeper into the marine transportation business with an investment in Muskegon-based Andrie Inc.
Breaking News
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Andronaco Industries to relocate Oklahoma subsidiary to Kentwood
Manufacturing holding company Andronaco Industries Inc. plans to relocate its Conley Composites LLC subsidiary from Oklahoma to a new location in Kent County.
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Tribal investment firm acquires majority stake in SE Michigan manufacturer
DOWAGIAC — The non-gaming arm of the Pokagon Band of Pottawatomi Indians had acquired a majority stake in Enmark Tool & Gage Co., a Southeast…
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Construction equipment supplier McCann Industries expands to Marne facility
MARNE — McCann Industries Inc. will expand to Michigan with a new facility currently under construction in Marne. The equipment and construction supply sales company hopes…
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Developers plan mixed-use project for former Grand Rapids church
Developers hope to begin construction this summer on housing and commercial space at a former church on the west side of Grand Rapids.
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Legislation could push residential property owners to pay for downtown services
GRAND RAPIDS — Legislation expected to be reintroduced this session could address the question of whether downtown residential property owners should help pay for the…
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Auto industry, suppliers await word from White House on tariff report
After nine months of investigation, the U.S. Department of Commerce submitted a concealed national security report on Sunday that prompted an immediate backlash from the auto industry. -
Muskegon manufacturer to offer custom-made distillery equipment
MUSKEGON — A lakeshore fabrication shop hopes to capitalize on explosive growth in the U.S. craft distilling industry by offering custom Michigan-made stills and other equipment. NexGen Mechanical Solutions LLC founder…
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With latest raise, BarFly targets $7M in funding, plans 3-4 new HopCat locations
GRAND RAPIDS — The company that owns and operates the HopCat craft beer bar chain has secured another $6 million in capital it will use to open three to four… -
Grand Rapids, Start Garden hone SmartZone focus with proposed new contract
GRAND RAPIDS — A proposed contract between Start Garden Inc. and the Grand Rapids SmartZone would put in place new goals for fostering local tech startups. Rather than focusing on certain activities,…
REAL ESTATE & DEVELOPMENT
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Hotel development boom continues in West Michigan
Hotel development in West Michigan remains on a torrid pace for 2019. Developers have plans to add more than 800 new rooms this year, with developments popping up in downtown Grand…
HEALTH CARE
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Pharma spinoff started in Kzoo mulls IPO
A drug developer rooted in Southwest Michigan and backed by investors across the region may pursue an initial public stock offering that could net up to $86.2 million to support…
FINANCE
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Growing Mercantile Bank expands Grand Rapids HQ
GRAND RAPIDS — Steady growth led Mercantile Bank Corp. to proceed with an addition at its corporate headquarters. Rising on the south side of the headquarters building at Leonard Street and U.S.…
FOOD / AGRIBUSINESS
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Pair of distilleries plan launches in Muskegon area
MUSKEGON HEIGHTS — The partners behind Wonderland Distilling Co. want to position their spirits as a connection to the outdoors culture in West Michigan and a link to the water…
MANUFACTURING
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Universal Forest Products to acquire Grand Rapids manufacturer
Universal Forest Products Inc. is acquiring the assets of a Grand Rapids-based wood panel components manufacturer.
ENERGY
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State clean energy financing program reaches milestone, aims higher
A nonprofit “green bank” that finances residential and commercial clean energy projects continues to grow, surpassing $175 million in private investment since 2009. Officials with Michigan Saves Inc., which provides low-interest…
ECONOMIC DEVELOPMENT
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MiBiz Growth Report: Feb. 17, 2019
Here is the MiBiz Growth Report for Feb. 17, 2019.
NONPROFITS
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As CEO of Grand Rapids Whitewater, Heacock to engage people around common goals
GRAND RAPIDS — Steve Heacock admits to having a level of discomfort about being the focus of the Grand Rapids Whitewater project. Heacock left his job as a senior vice president…
TALENT
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B-schools report mixed trends in MBA applications, enrollment
Amid national declines in the number of people applying to MBA programs in recent years, business schools in West Michigan are reporting mixed results. While applications to the MBA programs dropped…
SMALL BUSINESS
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Tech firm C/D/H acquired by Red Level Group
Novi-based I.T. firm Red Level Group LLC has acquired West Michigan business and technology consultant C/D/H.