Citing the loss of a key contract, Concerto Health Inc. plans to close three locations in Michigan, including an office in Kalamazoo.
ALPINE TOWNSHIP — Dunneback Fruit Farm LLC aims to offer customers something new in addition to the fruits and vegetables grown at the multi-generational family farm. The business will use fruits, hops and other products from the farming operation to make beer, wine and cider and serve them in an on-site tasting room at 3025 6 Mile Road NW.
GRAND RAPIDS — The new owner of Bazzani Building Co. in Grand Rapids plans to maintain the company’s niche focus of sustainable design and construction Investment firm ASA Group LLC, based in Granger, Ind., near South Bend, closed in late April on the acquisition of a majority stake in Bazzani Building, a design and construction management company that over more than two decades established a niche and reputation for its sustainable business practices.
Private prison operator Geo Group Inc. plans to reopen its closed North Lake Correctional Facility in Baldwin.
Forman Glass LLC, a Comstock Charter Township-based glass and glazing company, is relocating production of its window and entrance frames from Ft. Wayne, Ind. to Southwest Michigan.
CWD Real Estate Investment Inc. is nearing completion on a project that will offer offices in a historic building in downtown Grand Rapids.
C.N.C. Products LLC, a Southwest Michigan sheet metal fabricator, has been acquired by Indiana-based private equity firm Parker Holding Inc.
Renishaw Metrology Fixturing Solutions LLC of Grand Haven plans to expand in a move north into a new 52,000-square-foot facility in Norton Shores.
Ensign Equipment Inc., a bulk-material handling and storage systems producer based in Holland, Mich., has been acquired by Muskegon-based Excalibur Co. LLC.
The Waldron Public House, owned and operated by BarFly Ventures LLC, will be transformed into a three-story tiki bar and restaurant this summer.
Global direct-selling giant Amway Corp. has started another round of cuts to its workforce, the company confirmed to MiBiz.
South Bend, Ind.-based Teachers Credit Union plans to acquire New Bancorp Inc., the parent company of New Buffalo Savings Bank.
As Michigan’s venture capital industry made further gains in 2018, it made some progress on one front that’s been the focus of attention the last few years: Diversity. Statistics tucked into the Michigan Venture Capital Association’s 2019 research report show an uptick over five years in investments into startups companies led by women and minorities.
MUSKEGON — Higher Great Lakes water levels this spring should benefit the shipping industry and even recreational boat harbors, but also create shoreline erosion and other problems for docks and piers.
MUSKEGON — Federal guidance on a new incentive program designed to encourage investment in economically-distressed communities comes at an opportune time for Muskegon. Amid an ongoing wave of redevelopment in the city, property investors looking to shield some gains from taxes now have new ways to redeploy their capital and seek returns via Opportunity Zones.
GRAND RAPIDS — As Michigan’s second-largest city continues to grow and developers scoop up the remaining developable vacant land, it’s likely that some Grand Rapids residents who rent homes in desirable neighborhoods could face being displaced.
Problems with Michigan’s infrastructure go beyond deteriorating roads and bridges. Michigan also ranks poorly — 42nd among the 50 states — in terms of digital connectivity, according to an annual report on entrepreneurship in the state.
CRAFT BEER ROUNDTABLE: For West Michigan brewers, adaptability remains key to survival in a changing industryWritten by Joe Boomgaard
As more generations become exposed over time to the craft beer industry, brewers will face new opportunities to find growth and challenges to their existing business models. Add in a healthy dose of regulatory uncertainty and shifting market dynamics that could easily catch breweries off guard financially if they scaled up too large, too soon and it’s easy to see that the craft brewing industry remains in a state of constant flux.
In the hyper-competitive craft beer industry in which growth has started to level off in recent years, Old Nation Brewing Co. proves the exception to the rule. The Williamston-based brewery has garnered a name for itself with its M-43 brand, a popular New England-style hazy India Pale Ale that carries a suggested retail price of $13.99 per four-pack of 16-ounce cans.
GRAND RAPIDS — Craft beer enthusiasts are a spirited bunch who want to discover and follow breweries and brands. This has created an environment of constant sampling at the hundreds of tasting rooms and beer festivals across the country — and a big haul for brewers who are regularly on the road.
Although Michigan has earned a spot among the nation’s top producers of hops after a growth spurt in the last five years, 2018 served as a moment of reckoning for the state’s growers, whose overall acreage declined. The state remains the fourth-largest cultivator of hops, although still lags well behind the Pacific Northwest region of the U.S., where almost 96 percent of the nearly 58,000 acres of hops are grown in the country.
The amount of venture capital invested in the Midwest grew at a compound annual rate of 17 percent from 2013 to 2018, the third highest in the U.S., behind the West Coast at 28 percent and the Mid-Atlantic region at 22 percent. The growth rate was one of the reasons the National Venture Capital Association and the University of California Berkeley chose Ann Arbor as the place to launch a new education program, VC University LIVE, on May 15-17 at the University of Michigan Ross School of Business.
WALKER — Seven years after buying Custom Profile Inc., Blackford Capital Inc. was ready for an exit. In seeking to sell the company, the Grand Rapids-based Blackford Capital evaluated a variety of options. Those options included finding a strategic buyer, a deal with another private equity firm, or selling to Custom Profile’s management and employees under an employee stock ownership plan.
Since deciding last fall to open a psychiatric urgent care center, Pine Rest Christian Mental Health Services President and CEO Mark Eastburg has heard from interested colleagues at care providers in the region asking about the possibility of replicating the model elsewhere.
Michigan House Republicans have advanced a pair of bills blocking local units of government from adopting “sanctuary” policies for undocumented immigrants, although critics say the bills could interfere with local law enforcement.
Dr. Hyung Tai Kim becomes the new president next week at Mercy Health Saint Mary’s in Grand Rapids, a position he viewed as offering an “extraordinary opportunity to join an organization that believes in the things that I believe in.”