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Proposed federal budget cuts have the potential to wipe out key hop and barley research programs that have helped improve the quality of the raw material supply chain for craft brewers.

Dynamics within the maturing craft beer industry are creating new growth opportunities for suppliers.

As the craft brewing industry grows in Michigan and beyond, it has been met with a continual skepticism about whether the market can support even more producers. Every industry hiccup stirs talk of a craft beer bubble that’s on the verge of bursting. In separate interviews, MiBiz brought that discussion to three professional advisers to get their take on the state of the industry.

Saugatuck Brewing Co. thought it was being edgy in 2011 when it coined the name “Hop on a Blonde” for its new blonde ale.

Thirsty Michigan craft beer consumers bought the equivalent of around 59,000 more pints of Brewery Vivant’s beer in 2016 than they did the year before.

Executives in Michigan’s solar energy industry spent most of 2016 dealing with anxiety and uncertainty over proposed legislative changes most believed would have stifled growth in the state’s nascent sector.

In securing a $40 million investment, Cirius Therapeutics Inc. illustrates a fundamental change that occurred in Michigan’s venture capital sector over the last decade.

A new kind of institutional investor has started to capitalize on opportunities in West Michigan.

HASTINGS — A West Michigan ammunition equipment manufacturer wants an arms maker owned by the United Arab Emirates to pay up.

HOLLAND — Executives at Evoqua Water Technologies LLC expect a combination of aging municipal infrastructure and an increased focus on sustainable business practices to drive interest in its water treatment technologies.

The sector that provides the majority of tooling, fixtures and molds required to manufacture automotive components is facing a crisis.

GRAND RAPIDS — A medical device startup will use a new $2.1 million capital investment to prepare for larger clinical trials for its new product that treats obesity.

The retail real estate sector could be on the verge of a major upheaval, beyond the near steady stream of headlines about brick-and-mortar store closures and bankruptcies in recent weeks.

Universal Forest Products Inc. surpassed analyst expectations in the first quarter of 2017, growing annual sales by 24 percent largely due to an acquisition that closed last fall.

Buoyed by continued strength in the automotive market, Gentex Corp. reported double digit sales growth in the first quarter of 2017.

Whirlpool Corp. grew sales modestly in the first quarter of 2017.

Two Southwest Michigan economic development organizations have taken to federal court to argue over who gets the right to use the term “269.”

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.

Developers continue to eye the Heartside neighborhood of downtown Grand Rapids for new construction.

Macatawa Bank Corp. grew earnings by 28 percent in the first quarter with strong commercial loan originations.

More than a year after first announcing its intentions to close its Grand Rapids manufacturing operations in late 2017, Dematic Corp. may reconsider the move.

JCT Industries LLC in Grand Rapids acquired industrial distributor Brammall Supply Inc. in Benton Harbor.

Falcon Lakeside Manufacturing Inc. will invest $1.8 million to establish a new production facility in Stevensville and Eau Claire.

Milacron Holdings Corp. today detailed its plans to invest in a West Michigan manufacturing facility.

Perrigo Co. plc intends to restate financial reports for two previous fiscal years and 10 quarterly periods after agreeing to reclassify royalty revenues from the multiple sclerosis drug Tysabri that it sold two months ago.

An operator of private prisons plans to close its facility in Northern Michigan’s Lake County.

Chemical Financial Corp. doubled earnings for the first quarter, the second full three-month period for the company following its $1.7 billion acquisition of Talmer Bancorp Inc. last summer.

An affiliate entity of Rockford Construction Company Inc. today received approvals and state Brownfield funds from the board of the Michigan Strategic Fund to move forward with its proposed “superblock” on Grand Rapids’ west side.

Service Express Inc., a provider of hardware maintenance services for data center infrastructure based in Grand Rapids, acquired Delta Computer Services Inc. in Farmingdale, N.Y.

Founders Brewing Co. plans to expand beyond its physical Grand Rapids roots and open a taproom and brewing facility in the Motor City.

Fast-growing insurance broker Acrisure LLC named D. Michael Sherman as president.

GRAND RAPIDS — Blackford Capital has entered the baking business.

Contrary to a report in an international brewery trade publication, Founders Brewing Co. has no plans to repurchase some of its shares from its Spanish investors.

Rockford Construction Company Inc. continues to expand its presence on the west side of Grand Rapids.

A Farmington Hills-based hotel operator continues to look at southwestern Kent County as a target for continued growth in hospitality.

Waterworks Car Wash LLC in Grand Rapids has sold to a Arizon firm with a growing presence in Michigan.

As it continues its streak of acquisitions, Meritage Hospitality Group Inc. (OTCQX: MHGU) remains on a growth trajectory.

Orion Construction Company Inc. today announced the formal completion of its most recent mixed-use residential project.

Marshall Excelsior Co. has been acquired by Harbour Group, a St. Louis-based private equity firm.

Mercantile Bank Corp.’s net income dipped in the first quarter, the result of one-time events.

Spectrum Health today named Tina Freese Decker as executive vice president and chief operating officer as part of an executive restructuring.

Oxx LLC, a manufacturer of rugged appliances, closed a $2 million capital raise earlier this month.

Here is the MiBiz Growth Report for April 17, 2017.

• M&A: Dallas-based America’s Auto Auction has acquired West Michigan Auto Auction of Wayland and Parma-based Interstate 94 Vehicle Auction as part of the company’s larger acquisition strategy. The Texas company closed on the deal April 1. Both West Michigan Auto Auction and Interstate 94 Vehicle Auction were owned by Carl Miskotten, who will remain as the general manager of both facilities, according to a report in Auto Remarketing. Prior to the deal, America’s Auto Auction acquired seven facilities from Baton Rouge, La.-based Auction Broadcasting Co. in January 2017. The company operates a total of 21 auction locations across the U.S. Terms of the deal were not disclosed.

A veteran executive from the Michigan Chamber of Commerce will join the administration of Gov. Rick Snyder.

Target Corp. this week announced plans to open a small-format store along East Grand River Avenue in downtown East Lansing.

About 20 years ago, energy experts predicted a major challenge with producing the amount of electricity needed to accommodate the huge growth of the internet and storing companies’ data on energy-intensive servers.

Driven by relatively affordable real estate and a diverse workforce, the West Michigan region has become a growing hub for call centers, administrative back offices and — to a lesser extent — data centers.

To date, nonprofit leaders have looked skeptically at the concept of compensating board members for their “volunteer” service.