A consortium of academics, government officials and industry leaders wants to refocus the state on wood products and create a hub for bio-materials produced from Michigan’s forests.
Both the Michigan and U.S. economy are plugging along in fairly good shape, although just about everybody would like to see a higher rate of growth.
The build-out of West Michigan’s nascent startup and entrepreneurial support network will be a marathon, not a sprint.
West Michigan’s construction executives hold to the notion that the region’s industry will continue to accelerate for the foreseeable future, despite increasing concerns of a broader economic slowdown.
Even though a pair of sweeping energy reform bills advanced in the state Senate late last month, key business groups stood opposed to the plans.
While ongoing crises with the Detroit Public Schools and Flint’s poisoned water get the majority of headlines, Gov. Rick Snyder says he’s committed to tackling a number of other important issues around the state. The term-limited governor says the remainder of his two years in office will focus on fixing problems, everything from determining how Michigan will fund much-needed infrastructure upgrades to positioning the state as a hub for mobility. Snyder sat down with MiBiz for a wide-ranging discussion during the Mackinac Policy Conference in early June.
A handful of economic outlooks and surveys signal that Michigan’s economy should continue on an upward trajectory for the second half of this year and into 2017.
Galas and golf outings may find themselves on the way out as nonprofits test the waters with more experiential activities to engage a larger audience.
GRAND RAPIDS — Five years after performing its first adult heart transplant, Spectrum Health not only treats more patients locally but also now looks to reach out to people in new markets.
Blue Cross Blue Shield of Michigan plans to ramp up a telemedicine service that enables members to connect electronically with physicians to discuss minor medical issues.
The Boyd Group Inc., announced today the opening of a new Gerber Collision & Glass repair center in Kalamazoo, formerly operated by the adjacent Seelye Ford car dealership.
LANSING — One mid-Michigan entrepreneur wants to fill a need in the rapidly growing market for unmanned aerial vehicles by catering his products to educators and students.
After driving the West Michigan economy for several years, the manufacturing sector has reached a holding pattern of flat growth that has economists on the lookout for the next downturn in the business cycle.
GRAND RAPIDS — Walking around the southern end of the historic Heritage Hill neighborhood, Mark Miller points out clues for how Grand Rapids could achieve greater housing affordability in the coming years.
BENTON HARBOR — Whirlpool Corp. may have operated with a $579 million research and development budget last year, but the global appliance maker decided to tap into crowdfunding when it came time to launch a new product.
State revenue from taxes paid by small businesses more than doubled as Michigan’s economy improved coming out of the Great Recession and as the overall business tax burden in the state declined.
Shipston Aluminum Technologies Inc., a manufacturer of aluminum safety components, plans to invest $10 million to expand its facility in Spring Lake Township.
Blue Cross Blue Shield of Michigan is seeking state regulatory approval for a relatively small average rate increase of 2.9 percent for small businesses in 2017.
CWD Real Estate Investment Inc. appears primed to make another significant acquisition in Grand Rapids’ central business district.
Alticor Inc. struck an agreement with Japan-based Shiseido Americas Corp. to sell off its Gurwitch Products LLC subsidiary.
West Michigan technology firm, DornerWorks Ltd. plans to beef up its Grand Rapids operation through a $1.3 million investment.
Retailer Meijer Inc. has opened two new 192,000-square foot superstores.
The owner of Acrisure LLC, the Caledonia-based insurance brokerage that’s been growing rapidly across the U.S. with an aggressive M&A strategy, is working on a potential sale to New York City-based investment firm Blackstone Group LP, according to a report by Reuters.
Kalamazoo’s Borgess Health and Marshall-based Oaklawn Hospital will strengthen ties under a collaborative partnership.
Mary Free Bed Rehabilitation Hospital in Grand Rapids and Troy-based Residential Home Health formed a joint venture to provide home care in West Michigan.
When Andy Thomas won the inaugural Momentum Business Plan Competition last year, it helped propel the growth of his startup business faster than he expected.
A looming cloud hung over this year’s Mackinac Policy Conference, and it wasn’t left over from Wednesday’s rain. The majority of the approximately 1,500 attendees at the annual retreat hosted by the Detroit Regional Chamber were laser-focused on two issues the state would rather not be known for: the legislative budget fight for the nearly-bankrupt Detroit Public Schools (DPS) and the ongoing Flint water crisis.
A new venture capital fund in Grand Rapids that will do tack-on deals for existing portfolio companies of Michigan Accelerator Fund I closed this week after raising $5 million from investors.
The Grand Rapids Symphony has named Marcelo Lehninger as its new music director, following a three-year search.
Restaurant operator Meritage Hospitality Group Inc. in Grand Rapids announced the promotion of two long-term executives.
Sakae Seiko Co. Ltd. of Ōbu, Japan has opened its first North American sales office in Battle Creek.
A long-vacant part of Grand Rapids’ burgeoning West Side neighborhood could soon become the focus of a new development project.
The retail landscape is changing for Michigan’s largest craft beverage producers, which continue to grow at a rapid pace. In this comprehensive special report, MiBiz examines the opportunities, challenges and strategies these companies are deploying in an ever-changing market.
Despite a first quarter revenue decline, executives at grocery retailer and food distributor SpartanNash Co. say they’re hungry for new business opportunities and possibly acquisitions.
A West Michigan attorney is among a group of legal professionals nationwide hoping to raise the bar for advising the growing craft beverage industry.
Here is the MiBiz Growth Report for May 31, 2016.
- M&A: Sun Capital Partners Inc., a Florida-based private equity firm, has acquired convenience store operator Admiral Petroleum Co. and Lemmen Oil Co. in Coopersville. Admiral operates 130 Admiral gas stations and convenience stores in Michigan and Indiana, plus nine under the Lemmen brand name. Terms of the deal were not disclosed. Sun Capital named Jeff Turpin, a 20-year veteran of the convenience store industry, as CEO. Turpin previously served as chairman and CEO of VPS Convenience Store Group, a former portfolio company of Sun Capital.
ROTATION NATION: Pressured from above and below, larger craft brewers seek out their place in the marketBy Joe Boomgaard and Nick Manes
Pioneers of the craft brewing industry face a steep challenge from the growing market they helped establish.
Navigating a shifting market: Beer braces for eventual plateau, retail challenges; cider and spirits see room to growBy Joe Boomgaard, John Wiegand and Josh Veal
As the craft beverage industry matures, it’s attracted new entrants who may be more concerned with making a quick profit than with the quality of the liquid.
Savor the flavor: West Michigan flavoring and juice concentrate producers capitalize on move to flavored beerWritten by John Wiegand
In an attempt to differentiate themselves from their competition, craft breweries in Michigan and nationwide have started to infuse various combinations flavors into their beers.