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Three proposed Grand Rapids developments have received more than $2.7 million in federal tax credits for the creation of affordable housing units.

Chemical Financial Corp. has completed a restructuring that was designed to drive $20 million in annualized cost savings and put more focus on commercial lending.

ChoiceOne Financial Services Inc., the Sparta-based parent company of ChoiceOne Bank, reported lower earnings for the fourth quarter resulting from a one-time charge.

For the fourth time since 2014, the Grand Rapids Downtown Market has asked permission to keep paying only the interest on its loans tied to a state economic development incentive as it seeks to restructure its debt load.

Viking Group plans Caledonia R&D facility

Written by | Monday, 22 January 2018 15:28 |

A Hastings-based manufacturer and distributor of fire protection equipment plans a new research and development facility in southern Kent County.

MiBiz Growth Report: Jan. 22, 2018

Written by | Sunday, 21 January 2018 13:09 |

Here is the MiBiz Growth Report for Jan. 22, 2018: 

• M&A: Bridgman-based Kruger Plastic Products has been acquired by Chicago-based private equity firm HC Private Investments, according to a statement. Kruger President Pat Brandstatter and VP of Engineering Dirk Kruger retained “significant stakes” in the custom injection molding company. Terms of the deal were not disclosed. Grand Rapids-based Varnum LLP served as legal counsel to Kruger, which was advised on the transaction by BlueWater Partners LLC, a Grand Rapids-based investment banking and consulting firm.

ALLEGAN — As Perrigo Co. plc transitions to a new CEO, John Hendrickson thinks the company is “positioned in exactly the right place.”

Mayors and city officials across Michigan consider economic development a top priority in their communities, but they tend to put more emphasis on placemaking and quality of life than jobs and entrepreneurship.

A Cranker’s Restaurant & Brewery location in Grand Rapids was shut down temporarily on Thursday upon the orders of the state of Michigan, MiBiz has learned.

Construction management firm Wolverine Building Group has completed its 18-month long leadership transition, the company said Friday.

Tami VandenBerg has decided to step down from the role of executive director at Well House, a Grand Rapids-based nonprofit focused on ending homelessness, citing the current strength of the organization.

The U. S. Department of Commerce awarded the city of Coopersville a $2.1 million grant to improve water infrastructure, including upgrades to the city-owned water system.

When online retail giant Amazon.com Inc. announced the top 20 possible locations for its second headquarters this morning, it did not include Grand Rapids in the list of metropolitan areas up for consideration.

Lansing-based XG Sciences Inc. (XGS) announced Wednesday that it plans to open a new 64,000-square-foot facility near Mason to house production for product platforms and to meet capacity requirements.

Kruger Plastic Products of Bridgman has been acquired by a Chicago-based private equity firm. 

Mercantile Bank recorded slightly lower earnings for 2017, although executives say they’re satisfied with the bank’s performance.

Shape Corp. acquires Ohio aluminum extruder

Written by | Monday, 15 January 2018 21:13 |

Automotive supplier Shape Corp. plans to acquire Trenton, Ohio-based Magnode Corp., a manufacturer of aluminum extrusion.

GRAND RAPIDS — The relationship between two companies involved in a 2016 acquisition appears to have soured, with both entities now pointing the finger at each other in federal court.

A nearly year-long federal court case between two Kalamazoo-area economic development organizations over the use various iterations of “269” in publications and marketing materials has been dismissed.

B&K Technology Solutions Inc. (which does business as Advanced Technology Recycling) has moved its Grand Rapids operations to a 25,000-square-foot facility on Cottage Grove St. SE, the company announced this week.

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