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Wednesday, 16 August 2017 12:42

MOVE Systems expands manufacturing to Walker

MOVE Systems International, a New York City-based manufacturer of eco-friendly food carts and accompanying electrical systems, plans to expand its manufacturing facilities in West Michigan.

Published in In the News

After about eight years away, Jeff Mason has returned to the Michigan Economic Development Corp. Having previously worked at the state’s top economic development organization as a senior vice president for business development, he left in 2009 to head up the University Research Corridor, an alliance of Michigan’s three major research institutions. He’s rejoining the MEDC as its president and CEO, where he’ll lead an organization that’s grown into new focus areas, specifically community development. Mason spoke with MiBiz about these organizational shifts and the new economic development tools the state legislature recently passed to help make Michigan more competitive.

Published in Q&A

When Brian Kelly first heard about a suburban space to move his Grand Rapids-based photography studio, he ignored the idea for one simple reason: It was in Kentwood.

Published in Commercial Real Estate

Gov. Rick Snyder today recommended Jeff Mason, the head of the University Research Corridor that consists of the state’s top three research universities, to lead the Michigan Economic Development Corp.

Published in In the News

The group behind the Kent County Youth Fair will buy Deer Run Golf Club in Lowell Charter Township with plans to turn the 140-acre site into its new fairgrounds by 2020, MiBiz has learned.

Published in Commercial Real Estate
Wednesday, 24 May 2017 16:03

MEDC CEO Arwood to step down June 30

The CEO of the Michigan Economic Development Corp. (MEDC) and president and chairman of the Michigan Strategic Fund will step down at the end of June.

Published in In the News
Sunday, 14 May 2017 13:49

MiBiz Growth Report: May 15, 2017

Here is the MiBiz Growth Report for May 15, 2017: 

• M&A: Muskegon-based KL Outdoor LLC will add a bevvy of new products to its business through a recent merger with GSC Technologies Corp., a Montreal-based manufacturer of kayaks and other plastic products. About three months ago, KL Outdoor — a manufacturer of kayaks, paddleboards and other watercraft — was purchased by New Water Capital LP, a private equity firm based in Boca Raton, Fla. The private equity firm plans to wrap GSC Technologies under the KL Outdoor brand, according to Dan Harris, vice president of sales at KL Outdoor. Harris expects the merger to expand KL Outdoor’s product offerings, as GSC manufactures a variety of products including outdoor furniture, totes and other related products.

Published in In the News
Sunday, 30 April 2017 16:31

MiBiz Growth Report: May 1, 2017

Here is the MiBiz Growth Report for May 1, 2017. 

• M&A: Kalamazoo-based Stryker Corp. acquired the assets of Charleston, S.C.-based Cactus LLC, a manufacturer of pharmaceutical waste management systems, according to a statement. Cactus products have been sold in the U.S. since 2012 and have been installed in more than 1,300 facilities. The products will become part of Stryker’s Surgical Safety business, a division of Stryker Surgical Instruments. Terms of the deal were not disclosed.

Published in In the News

Michigan could generate higher returns on its economic development activities by targeting the tax incentives it still offers toward high-tech, high-wage industries.

Published in In the News
Sunday, 02 April 2017 12:48

MiBiz Growth Report: April 3, 2017

Here is the MiBiz Growth Report for April 3, 2017.

• M&A: Industrial and fastener distributor Manufacturer’s Supply Co. has signed an agreement to sell certain assets to Winona, Minn.-based Fastenal Co. (Nasdaq: FAST). Fastenal expected to close on the deal for Manufacturer’s Supply, or Mansco, at the end of March, after this report went to press. Terms of the deal were not disclosed. Hudsonville-based Mansco generated roughly $50 million in sales in 2016 from locations in Michigan, Alabama and Texas. It was founded in 1928. President Jim Mol has operated Mansco for the last 25 years. Mansco supplies a range of fastener products “with a particularly strong market position with commercial furniture OEMs,” a market to which Fastenal “has not meaningfully contributed in the past.”

Published in In the News
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