Here is the MiBiz Growth Report for May 30, 2017:
• M&A: Grand Rapids-based FEDCom Credit Union, which has three offices in the Grand Rapids area with 7,654 members and assets of $67.6 million, proposed to merge into Midland-based Members First Credit Union. Members First has eight offices, 50,680 members and $480 million in assets. The deal was listed in a monthly activity report issued by state regulators.
Jackson-based Consumers Energy says it hears loud and clear the message from a growing number of large Michigan businesses that want their electricity to come from renewable sources.
BATTLE CREEK — Through a new partnership with one of the world’s largest commercial airline carriers, Western Michigan University hopes to become a premier institution for training aircraft maintenance personnel.
West Michigan continues to attract people looking to start, scale and grow all manner of business ideas.
His first business presented workshops on renewable energy at elementary schools and included solar power kits students could assemble.
As demand for engineering talent continues to intensify, some West Michigan liberal arts colleges are partnering with larger state-funded institutions to add niche programs to their curricula.
A year after diversifying its focus beyond alternative energy technology, Muskegon Innovation Hub continues to find ways to reach and serve both entrepreneurs and the greater community.
GRAND RAPIDS — With three offers on the table to acquire its under-utilized downtown office building, Kent County officials now have a decision to make: whether to actually sell the facility at 82 Ionia Avenue NW.
Bodman PLC became the second Detroit-based law firm to enter the Grand Rapids market in recent months with the opening of a new downtown office.
LANSING — Farmers in Michigan are becoming increasingly dependent on guest workers to fill a void left by migrant laborers who are opting out of coming to the state to harvest crops.
GRAND RAPIDS — When Edwin Collazo and Dave Petroelje announced plans in late 2015 to launch a craft brewery north of downtown, only one other producer had set up shop in the area.
NEWAYGO — One West Michigan entrepreneur hopes to use data science to make users of medical oxygen systems safer with a handful of new products.
In 2013, the discovery of a large deposit of high-quality potash in Michigan touched off a wave of public attention.
More bank branches closed in Michigan than in 45 other states in the years following the most recent financial crisis.
Giving up a Harvard University education to help develop a high-tech wearable device for elite athletes might sound crazy to some.
When Jim Hackett retired from the corner office at Steelcase Inc. in 2014, he told MiBiz the “narrative is still being written” about what he planned to do in the next phase of his professional life.
Jim Hackett, the former top executive at Grand Rapids-based office furniture manufacturer Steelcase Inc., has been tapped to lead Ford Motor Co.
Automotive and manufacturing employment in Michigan will ease during 2017 as vehicle production dips, according to a new outlook from Comerica Inc.
An operator of fast food and other restaurants has added a large portfolio of Wendy’s locations to its portfolio.
Vision Real Estate Investment Inc. today announced plans to begin developing an industrial business park in southern Kent County just south of the U.S. 131 and M-6 interchange.
Bill Hughson has joined Grand Rapids Ophthalmology as CEO, coming from from IntegraMed Fertility, the largest fertility network in North America with 28 practices where he was CEO and continues as vice chairman of the board. He previously served from 2009 to 2013 as president of the health care group for DeVry Education Group.
Spectrum Health rolls out a new mobile mammography unit next week that will offer breast cancer screenings at Meijer Inc. stores across West Michigan.
Here is the MiBiz Growth Report for May 15, 2017:
• M&A: Muskegon-based 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. About three months ago, KL Outdoor — a manufacturer of kayaks, paddleboards and other watercraft — was purchased by New Water Capital LP, a private equity firm based in Boca Raton, Fla. The private equity firm plans to wrap GSC Technologies under the KL Outdoor brand, according to Dan Harris, vice president of sales at KL Outdoor. Harris expects the merger to expand KL Outdoor’s product offerings, as GSC manufactures a variety of products including outdoor furniture, totes and other related products.
Borrowing at last: Small business owners return to banks for financing, even amid emerging economic concernsWritten by Mark Sanchez
Over the past decade, many small business owners put off expansions or capital equipment purchases for as long as they could.
As Neil Brown and Wade Thompson considered acquiring Central Interconnect Inc. late last year, they found themselves interested in the opportunity the company presented.
Heralded by backers as a novel way for in-state businesses to raise capital, 2014’s Michigan Invests Locally Exemption (MILE) Act came with great promise.
The new head of the U.S. Small Business Administration’s Michigan office believes lending should continue to grow, even as volumes for the agency’s federally backed loans keep moving upward.
When Mark Lindquist purchased Rapid-Line Inc. in 1989, he completed the transaction with a strategy for exiting the business already in mind.
GRAND RAPIDS — The growth of a fund established three years ago by a same-sex couple from Grand Rapids proves there’s interest in addressing issues the LGBT community faces in West Michigan.
Even as West Michigan’s economy continues to improve, its public education system faces considerable uncertainty.
MUSKEGON — As a result of the challenging economics of maintaining decades-old coal plants, communities nationwide have wrestled with how to replace lost tax revenue and repurpose large industrial brownfield sites when those facilities close.
Employment in Michigan’s health care sector grew steadily during the first half of the decade, reaching nearly 588,000 jobs as of 2015 and generating an economic impact of about $35 billion.
Legislation requiring doctors to use a state-run drug-monitoring system before prescribing a controlled substance represents the “start of a journey” to address the opioid epidemic in Michigan.
As executive director of the Kent County Land Bank Authority, David Allen thinks his organization contributes to more affordable housing options in the greater Grand Rapids area.
As a business consulting firm, O’Keefe & Associates Consulting LLC has increasingly seen a need to advise its clients on the best ways to invest in automation equipment. Tim Thompson, the firm’s managing director at its Grand Rapids office, spoke with MiBiz about how investing in automation equipment can affect an organization’s long-term investment strategies.
GRAND RAPIDS — One West Michigan electronics manufacturer plans to leverage a recent deal in Europe to further capitalize on the growing electronics manufacturing market.
To build or not to build? West Michigan manufacturers react to limited inventory of industrial facilitiesWritten by John Wiegand
When Siliconature Corp. examined potential sites in West Michigan for its North American headquarters, the company knew finding an existing building that fit its specific needs would be challenging.