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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.

Between 2007 and mid-2012, with Michigan’s economy in the grips of the Great Recession, more than 100,000 residents went to work for themselves either as sole proprietors or operators of small businesses.

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

Maninderpal Singh said he’s been fighting for the better part of a decade to make alcohol home-delivery legal.

America’s Auto Auction has acquired West Michigan Auto Auction of Wayland and Parma-based Interstate 94 Vehicle Auction as part of a larger acquisition strategy.

Two buildings just northwest of the state’s Capitol Building will undergo significant renovations, according to a statement from economic development organization Lansing Economic Area Partnership (LEAP).

A Freehold, N.J.-based Real Estate Investment Trust (REIT) has acquired a light industrial building in northwest Kent County in a $32 million sale-leaseback deal.

The city-owned 201 Market Ave. property in the southwest corner of downtown has drawn interest from five different development teams, city officials said today.

7 Monks Taproom sets opening date

Written by | Tuesday, 04 April 2017 11:37 |

On April 21, 7 Monks Taproom on Michigan Street will open its doors to the public at 4 p.m.

Stryker Corp. has laid off an undisclosed number of workers in Southwest Michigan as part of a larger restructuring strategy under its Stryker Instruments business unit.

Gov. Rick Snyder today commissioned a pilot program aimed at creating a state infrastructure management plan.

Sparrows Coffee Tea and Newsstand is expanding to the Westside in early June.

The board of directors for MSU Federal Credit Union (MSUFCU) today announced its plans to open a branch in downtown Grand Rapids later this year.

MiBiz Growth Report: April 3, 2017

Written by | Sunday, 02 April 2017 12:48 |

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.”

COOPERSVILLE — A glut in raw milk production throughout the state is driving substantial agribusiness growth in West Michigan as area processing companies struggle to keep up.

As the four partners developed the business plan for Creston Brewery, they faced a key decision that would define the future direction of their company.

A nascent Grand Rapids real estate firm has expanded to the state’s capitol.

Siliconature Corp. will open a production facility in Kentwood, a suburb of Grand Rapids, in a bid to increase sales in its North American market.

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