Breaking News

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.

EAST GRAND RAPIDS — Spectrum Health plans to relocate long-term acute care to Blodgett Hospital through a partnership with a major national provider in the field.

GRAND RAPIDS — Michigan State University Federal Credit Union’s plan for a downtown office brings another player into the market as Michigan credit unions enjoy a period of strong growth.

MUSKEGON — After more than six years of operating under increased regulatory scrutiny, CEO Heather Brolick wants people to know that Community Shores Bank Corp. is “back on track” and growing again.

KALAMAZOO — A $40 million venture capital investment in a company spun out of a Kalamazoo-based drug development firm comes with a new executive management team based across the country.

As the city of Grand Rapids considers selling publicly-owned land, it hopes to use a new method of engaging would-be developers looking to redevelop the parcels.

GRAND RAPIDS — What started as a business serving a niche of natural food aficionados has moved into the mainstream.

After years of leading the market for its signature technology, Fleetwood Electronics realized it let its position slip away.

In Michigan and two neighboring states that passed Right to Work laws, wages have grown slower than in three other Great Lakes states that have preserved collective bargaining rights.

Last year, Larry Zeiser answered a phone call that would forever change the way he perceived drug abuse in West Michigan.

GRAND RAPIDS — In the three years since Peter Jones moved from Los Angeles to Grand Rapids, he’s helped to more than double the amount of federal research funding that Van Andel Institute receives.

Grand Valley Protective Coatings LLC, a painting and paper hanging company based in Grant north of Grand Rapids, has filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Western District of Michigan.

First National Bank of Michigan plans to enter the Lansing market after expanding to the lakeshore area with a Holland loan office last fall.

Melanie Spring thinks most employers desperately need to update their hiring practices.

Edward Montgomery, dean and a professor of economics at Georgetown University’s McCourt School of Public Policy, will become Western Michigan University’s next president this summer.

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.

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

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

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.

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.

West Michigan-based contract furniture companies have muddled through the recent period of political uncertainty and mixed international demand.

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.”

Cultural arts groups in West Michigan are thankful for the current support they find in donors and audiences, but they have serious concerns for the future.

Business as usual has never really been business as usual for nonprofits. Each new presidential administration and the efforts to cultivate that next generation of donors leave very little room for complacency, especially in the financial arena. Keith Hopkins has made a successful career out of assisting nonprofits of all sizes with fundraising campaigns. MiBiz spoke with Hopkins about how nonprofits are dealing with the current environment and what that could mean for their fundraising activities.

The impact of possible budget cuts under the Trump administration is weighing on the minds of most nonprofit leaders in West Michigan, but it’s especially concerning for executives at arts and cultural organizations.

KALAMAZOO — The level of hiring activity and the frequency of job changes for today’s workers has generated steady growth for companies performing alcohol and drug screening.

ZEELAND — On the heels of opening an outpatient surgery center in Grand Rapids in February, a California firm has set its sights on developing another facility in West Michigan.

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.

WYOMING — Stakeholders in the ongoing development of the Metro Health campus say they’re about halfway to their targeted $1 billion investment in southwestern Kent County.

As developers from around the Midwest descend on Michigan’s capital region, the Lansing area’s brownfield sites could soon become a lot less brown.

Upcoming cybersecurity regulations could catch manufacturers off guard and put at risk their ability to perform government contracts.

WALKER — After several years of stagnating sales in its core business, one West Michigan company is diversifying into the packaging industry with a new expansion project.

ZEELAND — A legal dispute challenging the validity of the 2014 merger between Herman Miller Inc. and Design Within Reach could head to trial in Delaware this November.

KALAMAZOO — The launch of a clinical trial in Europe brings a Southwest Michigan medical device startup a step close to the marketplace and an eventual sale.