Executives at Integrated Architecture had thought 2017 would be a year of “stabilization” and maybe even some slowdown for the firm’s commercial architectural projects. But according to Executive Vice President Mike Corby, that’s not been the case. The Grand Rapids-based firm with a strong focus on mixed-use apartment and commercial buildings sees the momentum only continuing to gain steam.
Tim Streit and McKeel Hagerty started venture capital fund Grand Ventures I LP in Grand Rapids last March and went on to make three investments during the year in companies in Ohio, Indiana and Michigan. Each of the deals were co-investments for Grand Ventures, which invests early-stage capital in technology startups in agriculture, manufacturing, mobility and transportation, as well as other industries in Michigan and the Midwest. A regulatory filing last spring indicated the venture capital fund planned to raise up to $50 million from investors.
A group of independent power producers are vowing to appeal a recent Michigan Public Service Commission ruling affecting how their facilities are compensated by Consumers Energy for the electricity they produce.
Michigan rates far better today than nearly two decades ago for having a knowledge-based economy.
Priority Health and Blue Care Network each reported strong bottom lines through the third quarter of 2017, although financial officers at both plans caution their results could retreat by year’s end.
The federal research grants that Dr. Tom Rothstein and a colleague brought along when they came to Kalamazoo represent a milestone of sorts for the Western Michigan University Homer Stryker M.D. School of Medicine.
DETROIT –– Just a few years ago, Doug Rothwell could look at various bits of Michigan’s economic data and see few paths that led to the state becoming a “Top 10” state.
A proposal to prohibit local units of government from banning short-term rental properties like those found through Airbnb has attracted lobbyists from both sides to the state capital in recent weeks.
GRAND RAPIDS — The head of the Grand Rapids Public Library says she was “disappointed” and surprised by the Grand Rapids Area Chamber of Commerce’s opposition to the group’s millage request before city voters on Nov. 7.
GRAND RAPIDS — Officials from West Michigan acknowledge the region must overcome long odds in its bid to win the economic development sweepstakes for Amazon.com Inc.’s HQ2 project.
Life after Palisades: Despite extension to keep nuclear plant open until 2022, SW Mich. braces for economic impactWritten by Andy Balaskovitz
COVERT — Officials in Van Buren County felt a sense of relief last month when one of its largest employers and sources of tax revenue pledged to stay in the community for four more years.
With more than 200,000 medical marijuana patients in Michigan, a thriving industry of growers, processors, transporters and retailers to support them is poised to explode statewide — if communities allow it.
Economic outlooks project modest growth in the U.S. for the rest of this year and through 2018, along with further increases in interest rates.
PORTAGE — Staffing firm OnStaff USA is struggling to find applicants for the 400 open jobs it has available right now in Southwestern Michigan.
GRAND RAPIDS — A coalition of West Michigan employers and educators wants to bring more people into the tech sector through an outreach initiative intended to grow the talent pool.
FREMONT — A shuttered waste-to-energy power plant in Newaygo County has reopened under new owners and management after abruptly closing two years ago.
West Michigan educators and at least one business group say the Trump administration’s plan to rescind the Deferred Action of Childhood Arrivals program already is leading to anxiety and uncertainty.
West Michigan economic developers plan to jump into an already crowded pool of contenders for Amazon.com Inc.’s proposed $5 billion second headquarters.
Jackson-based Consumers Energy is targeting hundreds of its business customers statewide in an effort to reduce energy demand during times when the electric grid is most stressed.
An ongoing case before the Michigan Public Service Commission over maintaining adequate electricity supplies into the future is prompting concerns over rising energy costs and unnecessarily spending $1 billion on new power plants.
GRAND RAPIDS — A growing manufacturer of high-tech food carts could serve as an example of the kind of business development that’s possible in West Michigan.
The call for new tariffs on imported solar panels has the potential to upend the solar energy industry nationwide.
SAUGATUCK — Ken Fischang hopes to do for tourism in Saugatuck what he did during 12 years at the helm of Sonoma County Tourism in California.
Legislative Update: Historic preservation tax credits reintroduced; Closing the ‘dark store’ loopholeWritten by Nick Manes
Michigan’s House and Senate may be in recess for most of the summer, but legislative issues continue to percolate. Advocates continue their work to move forward a range of legislation, including bills that would bring back tax credits for the redevelopment of historic buildings and another that would curb a controversial tax loophole. MiBiz checked in on the status of the two packages.
Small, independently owned power plants across Michigan are locked in a battle with Jackson-based Consumers Energy over what may very well decide their fate.
GRAND RAPIDS — A dispute over 3.3 miles of railroad track running through the city could soon be coming to an end.
Backers of a marijuana legalization ballot initiative in Michigan say they have the financial and grassroots support necessary to put the question before voters in 2018.
As Flint continues to recover from its water crisis that started more than three years ago, the city’s mayor is working on a multi-track approach to improve the city’s fate. Karen Weaver, who was elected mayor in November 2015, said she’s focusing on improving water quality and infrastructure, while also working on economic development initiatives for the city of around 98,000 people. Weaver spoke with MiBiz during the annual Mackinac Policy Conference hosted by the Detroit Regional Chamber on Mackinac Island.
Sen. Gary Peters has focused his recent efforts on clearing the regulatory path for the advent of autonomous vehicles. In the coming weeks, the first-term U.S. senator plans to introduce bipartisan legislation to open up that regulatory framework. Peters sat down with MiBiz at the Mackinac Policy Conference to discuss his autonomous vehicle legislation, as well as his push for further infrastructure investments.
Economists expect Michigan’s economy to grow through 2017, although at a little slower pace as automotive sales dip and the state’s manufacturing employment follows suit.
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.
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.
Even as West Michigan’s economy continues to improve, its public education system faces considerable uncertainty.
Executives in Michigan’s solar energy industry spent most of 2016 dealing with anxiety and uncertainty over proposed legislative changes most believed would have stifled growth in the state’s nascent sector.
THE RISE OF AN EPIDEMIC: As death toll mounts, employers can stand as a line of defense in battling opioid addictionWritten by John Wiegand
Last year, Larry Zeiser answered a phone call that would forever change the way he perceived drug abuse in West Michigan.
Fisheries managers witnessed firsthand the devastation caused to coastal communities around Lake Huron when the population of chinook salmon abruptly crashed in 2004.
LAKETOWN CHARTER TOWNSHIP — Just south of Holland, voters last spring narrowly defeated a local plan to bring high-speed broadband internet service to every residential and commercial building in the township.
Roughly a year ago, Jackson-based Consumers Energy became the first major utility in Michigan to propose a statewide network of electric vehicle charging stations.
Across West Michigan, Native American tribes have started to hang out their own shingle in enterprises that move them away from the familiar tribal-owned casino.
EXPLORING THE TRIBAL ADVANTAGE: How non-tribal companies can benefit from working with West Michigan tribesWritten by Joe Boomgaard
Because Native American tribes are sovereign nations, they’re tax-exempt and have their own statutes and regulations, although they must follow federal law. Tribally owned firms also are exempt from state and federal income taxes.
COLDWATER — When Clemens Food Group began searching for a site to house its new 550,000-square-foot pork processing facility, access to wastewater capacity emerged as its top requirement.
GRAND RAPIDS — Despite the many accolades for West Michigan’s economy in recent years, prosperity hasn’t necessarily reached all people in the broader community to the same extent.
GRAND RAPIDS — Betsy DeVos’ new role as U.S. Secretary of Education under President Donald Trump will require her to step away from some of her vast business interests to comply with federal ethics laws.
Mark Williams worked at the Grand Rapids Home for Veterans for about 20 years as an employee of the state Department of Military and Veterans Affairs. He was laid off in 2013 when the state privatized the facility and turned to contracted workers.
When it comes to economic development efforts in Michigan, practitioners and policymakers say it’s important to legislate the tools to attract and retain companies, not individual projects.