Economic Development

The build-out of West Michigan’s nascent startup and entrepreneurial support network will be a marathon, not a sprint. 

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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.

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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.

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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. 

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In 2009, Michigan State University economist Charles Ballard met with then-gubernatorial candidate Rick Snyder to discuss tax policy at an Applebee’s off I-96 near Okemos.

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LANSING — A mid-Michigan particle accelerator has taken the next step in an ambitious expansion plan that would position the company to capitalize on the multi-billion dollar market for medical isotopes.

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West Michigan’s business community says it has a vested interest in how well third-graders can read. 

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Charter boat captains and small businesses along the lakeshore are bracing for potential rough seas this year in Lake Michigan’s $16 million charter fishery.

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Detroit-based DTE Energy is in the middle of a five-year, $2.5 billion gas and electric infrastructure upgrade that will have the utility investing millions into projects in West Michigan. 

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Midwest energy analysts say Michigan could leverage a $105 million public investment into roughly $3 billion in private clean energy development under what’s known as a “green bank.”

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JACKSON — Michigan’s second-largest electric utility says it is developing a program to meet the needs of large energy users who want more of their electricity to come from renewable sources

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As Michigan’s industries have evolved over the years, so too have the roles economic developers play when it comes to helping businesses grow and expand in communities across the state.  

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The Michigan Economic Development Corp. plans to “re-evaluate” a gap financing mechanism that commercial real estate professionals say has played a crucial role in the redevelopment of key corridors across West Michigan. 

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The environment for an entrepreneur to start and grow a business in Michigan continues to improve, although gains are slowing after a decade of significant change as other states do better as well.

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Establishing a regulatory framework for the sale of medical marijuana could generate between $44.3 million and $63.5 million annually in tax revenue for Michigan, according to a new report. 

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GRAND RAPIDS — Despite negotiating for the past seven months, Grand Rapids Symphony musicians and the organization’s management team have yet to agree to terms of a new contract.

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The budget cuts at the state’s economic development organization have forced industry executives in West Michigan to adjust their tactics. 

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Gov. Rick Snyder is asking state lawmakers to increase funding for the popular Skilled Trades Training Fund program as part of his budget for the 2017 fiscal year.

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ALLEGAN — Fighting off a hostile takeover bid cost Perrigo Co. plc $100 million last year, driving up administrative expenses sharply for the producer of over-the-counter medications.

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As the state grapples with the Flint water crisis and a long-term funding solution for Detroit Public Schools, business advocates hope lawmakers will still be able to tackle policies that keep health care costs down, add transparency and help companies attract talent. 

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State lawmakers remain focused on passing energy policy this year that preserves Michigan’s limited electric choice market and abandons renewable energy standards in favor of comprehensive planning requirements.

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Here is the MiBiz Growth Report for March 7, 2016.

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Here is the MiBiz Growth Report for Feb. 22, 2016:

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The state legislature’s inaction on extending equal civil rights protections to lesbian, gay, bisexual and transgender (LGBT) people has led a growing number of prominent West Michigan business leaders to call for change.

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Advocates in West Michigan have spent nearly two years pitching Property Assessed Clean Energy financing to Kent County officials as one more tool in the Grand Rapids region’s economic development toolbox.

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While a competitive tax structure was important, Las Vegas-based Switch Communications Group LLC had a different prerequisite before even considering opening a cloud-based data center in Michigan: reliable, renewable energy. 

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As the price of wind and solar energy declines and even falls in line with fossil fuels, some policymakers have started to wonder if it’s time to expand Michigan’s renewable energy mandates.

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Here is the MiBiz Growth Report for Feb. 2, 2016:

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Here is the MiBiz Growth Report for Jan. 25, 2016:

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Here is the MiBiz Growth Report for Jan. 11, 2016.

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