For the first time in four years, sales for direct-selling giant Amway Corp. have grown on a year-over-year basis.
BELMONT — Filter and Coating Technology Inc., a supplier of filter and coating solutions for the automotive and industrial markets, is under new ownership.
GRAND RAPIDS — Three Grand Rapids women on a mission to “keep Creston funky” have entered into a partnership to bring back Gaia Cafe and The Division Avenue Arts Collective LLC, this time in the city’s north quarter neighborhood. The partners are under contract to purchase a vacant 4,972-square-foot building at 1553 Plainfield Ave. NE, which has commercial space on the ground floor and a two-bedroom apartment on the second level.
GRAND RAPIDS — A strip shopping center along 28th Street has new owners. Grand Central Plaza, located at 2035 28th St. in Grand Rapids, was sold to an undisclosed Michigan-based firm, according to NAI Wisinski of West Michigan.
GRAND RAPIDS — West Michigan investment banking firm Charter Capital Partners led a $18.3 million financing round in Malvern, Pa.-based Trice Medical Inc. The Series C capital round will go to expand Trice Medical’s commercialization and accelerate the development of its product portfolio.
Former Democratic legislator Dan Scripps has been appointed to the Michigan Public Service Commission, Gov. Gretchen Whitmer announced today.
The Grand Rapids Whitewater nonprofit has secured $4.4 million in new public and foundation funding for its restoration efforts of the Grand River through the city.
A co-op hopes to open a grocery store as part of a larger mixed-use project just south of downtown Grand Rapids.
After nearly a century in Michigan, Harsco Corp. plans to permanently close its only manufacturing facility in the state, starting April 1.
The state will help fund the cleanup of a contaminated former dry cleaner in Wyoming to make way for a redevelopment project.
For years, the city of Hudsonville wanted to encourage developers to create a more traditional downtown for the Ottawa County community. Officials often found themselves in a Catch 22 in trying to spur those kinds of development projects. Because the city lacked what’s traditionally classified as a downtown area, the local government was unable to seek funding incentives for developers, which in turn hindered the growth of a centralized urban area.
MUSKEGON — A deal to redevelop the former Ameribank building is making headway, but the project remains contingent on incentives from the city and the Michigan Economic Development Corp. Muskegon developer John Essex, managing partner and president of Core Development LLC, submitted a formal purchase agreement to the city prior to the Jan. 30 deadline. If the project goes ahead, it would transform a partially demolished building into a new use in the core of the city’s downtown.
At first glance, the 2019 Health Check report published by Grand Valley State University seems to suggest that medical innovation in Michigan and nationally slowed dramatically in recent years. But health care and legal experts say the medical patent numbers in the report don’t quite reflect reality. They cite an array of factors that likely drove steep declines from 2014 to 2017 in the number of medical patents issued and assigned, both nationwide and in Michigan.
Two West Michigan craft brewers operating with vastly differing business models are taking a similar approach to growing their operations by using capacity at other breweries. Both Sawyer-based Greenbush Brewing Co. and Muskegon-based Rake Beer Project LLC are taking advantage of a production model that allows them to get beer into the market without a significant upfront capital investment.
KALAMAZOO — More than 60 care providers with a Southwest Michigan medical group plan to switch from Ascension Borgess and instead affiliate with Bronson Healthcare next year. The five-year provider service agreement between Portage Physicians P.C. and Bronson takes effect July 1, 2020. The 30 doctors and 32 physician assistants and nurse practitioners who now practice at six Ascension Borgess ProMed offices in the Kalamazoo area will relocate and staff new Bronson offices.
Like more than half of Michigan’s manufacturers, business runs in the family at Grand Rapids-based Pridgeon & Clay Inc.
Despite a looming plateau in auto sales and automakers overwhelmingly betting on the same pieces of the market, savvy suppliers could still realize major opportunities in the coming years. Those opportunities come as automotive sales hit nearly 17.3 million units for 2018, with trucks and SUVs up 8 percent, accounting for around 11.8 million units. Meanwhile, passenger car sales dipped 13 percent to 5.5 million units.
With the final winter North American International Auto Show in the books, the century-old expo in Detroit and newer market-specific shows across the Midwest may start to change organically — but organizers aren’t planning on it.
The proposed $3.6 billion merger between Chemical Financial Corp. and TCF Financial Corp. would create a Midwest bank based in Michigan that’s able to compete with the largest national banks and that’s likely to pursue further acquisitions. Under the $3.6 billion all-stock deal, the Wayzata, Minn.-based TCF Financial (NYSE: TCF) would merge into the Detroit-based Chemical Financial (Nasdaq: CHFC). Once the deal closes, Chemical Bank locations would take on the TCF name.
HOLLAND — The $6.7 million that ITB Packaging LLC raised from private investors will go to support developing new production equipment and expanding into markets outside of the U.S. In the years ahead, the company aims to accelerate growth, penetrate new product markets such as consumer goods, electronics and the beverage industry, and establish production for overseas customers in Mexico and Europe. The first step is to complete in-house development on the next generation of automated production equipment to produce the packaging dividers.
MUSKEGON — A West Michigan solar energy developer is pursuing new projects and job-training in low-income communities across the state that qualify for tax relief under recent federal tax reforms. The Tax Cuts and Jobs Act of 2017 created qualified Opportunity Zones that allow investors to defer taxes on capital gains meant to spur development in low-income areas. While most projects involve real estate development, some developers across the U.S. are beginning to explore the potential for renewable energy in Opportunity Zones.
KALAMAZOO — Southwest Michigan’s largest city is radically rethinking how its street network connects its people to neighborhoods, businesses and major institutions. In a January agreement with the Michigan Department of Transportation, the city of Kalamazoo accomplished a long-standing goal of getting back under local control the major streets through its downtown and into adjacent neighborhoods. Now, officials want to reconfigure the streets into a multi-modal part of the city’s urban center.
Mercy Health plans to develop more outpatient medical centers in West Michigan over the next few years. The newest center will come online on East Fulton Street in Ada, where Mercy Health is presently building out space that will house family and internal medicine physicians, neurology, OB-GYN, X-ray, a lab and ancillary services, including physical therapy. Mercy Health expects to offer the first services at the new Ada location in April, said Chief Integration Officer Mary Boyd.
A decision out of Washington, D.C. at the end of last year provides further uncertainty as to how far employers can go with incentives to encourage employees to participate in wellness programs. The U.S. Equal Employment Opportunity Commission in mid-December decided to scrap two rules about wellness incentives.
GRAND RAPIDS — The organization that provides blood to most of the hospitals in Michigan took on a new name to create a single brand identity with sister centers in neighboring states. Grand Rapids-based Michigan Blood became Versiti Blood Center of Michigan in mid January. The name change comes six years after Michigan Blood affiliated with Milwaukee, Wis.-based Versiti Inc.
State lawmakers are trying for a third consecutive session to codify rules over property tax assessments that municipalities say have cost them millions of dollars in revenue.
The newly formed Northwest Michigan Rural Housing Partnership has tapped Sarah Lucas as its executive director. Lucas, who also serves as director of community development at Networks Northwest, a 10-county public regional planning agency, talked with MiBiz about the issues that make workforce housing virtually impossible to build in communities that continually get overlooked by state and federal programs.
J.D. Collins became state director of the Grand Rapids-based Small Business Development Center in mid-December. He spent years at larger organizations — Fifth Third Bank, Amway, Spectrum Health — working as a technologist and innovator “before I really found my niche.” Collins also ran his own consulting firm, Collins Innovations LLC, and was chief innovation officer at a heavy equipment technology startup.