WYOMING — Midstate Security Co. LLC, a West Michigan-based electronic security and monitoring systems firm, is under new ownership. 

West Michigan businesses are building strategies to accommodate and support the grand opening of the state’s new billion-dollar cannabis industry, although many still crowd behind a self-imposed shroud of secrecy. 

GRAND RAPIDS — Thornapple River Capital LLC invested $10 million in a Denver, Colo.-based company that developed a digital marketplace for private parties to buy and sell vehicles and borrow money for a purchase.

The burgeoning market for CBD, a health product derived from cannabis plants that avoid the “high” from marijuana, is considered “low-hanging fruit” for the nearly 600 Michigan farmers now growing hemp.

When doctors in Wisconsin wanted to put Bonnie Demos on a morphine pump for pain, she decided instead to move to Michigan and grow her own medicine.

While flooding and erosion are wreaking havoc for waterfront businesses and property owners, the changes are creating business opportunities for local marine construction and dock companies, who say they’ve been busy with scheduled projects and inundated with calls in recent weeks.

A new sentiment survey finds business owners still feel good about present conditions, despite outlooks for slower economic growth and ongoing worries about talent and health care costs.

GRAND RAPIDS — Five Michigan breweries are suing the Michigan Liquor Control Commission over the regulatory agency’s quashing of free bingo promotions at their taprooms.

Shoppers often visit Great Northern Trading Co. to look around and ask about products. Many visitors to the Rockford-based home decor and gift store also pull out their smartphones to compare prices with online retailers. 

GRAND RAPIDS — Springstead Bartish Borgula & Lynch PLLC plans to move its Grand Rapids headquarters after purchasing space downtown in the First Community Bank building.

A majority of retailers across Michigan report higher sales this spring and expect to sustain growth well into the summer.

Business law firm Kotz Sangster Wysocki PC acquired Rockford-based Van Eck Law PC.

The recent announcement that Grand Rapids Drive founder and President Steve Jbara joined forces with Royal Oak-based startup WaitTime LLC had been five years in the making. WaitTime CEO Zachary Klima said he had leaned on Jbara for guidance since 2004 when he launched the company, which uses a proprietary system to measure crowd density around restrooms and concession stands inside arenas and venues.

GRAND RAPIDS — More than seven years, $2 million and 500 companies later, Varnum LLP signed on for a third round of providing free legal services to help new companies get off the ground. The Grand Rapids-based law firm will give away another $1 million in legal services through the MiSpringboard program that launched in 2011 under a push by then-Gov. Rick Snyder to support entrepreneurism as Michigan’s economy began recovering from the Great Recession.

GRAND RAPIDS — The $2.05 million in funding Sportsman Tracker Inc. raised this spring will go to further develop a social media platform and mobile app for hunters. As some social media platforms begin to give lower value to hunting content, Sportsman Tracker CEO Jeff Courter saw an opportunity to further build his HuntWise app that has been downloaded by 2 million users.

Legislation that state lawmakers in Lansing are considering would raise requirements for how businesses must handle a data breach. The bills would define the sensitive personal information covered and who is responsible for reporting a data breach, and establish processes and timelines for investigating, responding to and publicly reporting an incident. The law would cover entities with 50 or more employees.

LANSING — A partnership between the state and an economic development organization for the Lansing area is providing an incubator and investment for high-tech, innovative insurance startups.

A West Michigan marine transportation firm is significantly increasing its freight capacity in response to higher demand from a key customer. Port City Barge Inc. of Muskegon last month took delivery of the Commander, a 495-foot by 72-foot freight barge that it plans to use to haul cement for St. Marys Cement US LLC.

Matt Emery felt ready to move on from the automotive industry after 15 years, so last fall he began looking around for a business to buy. After considering a contract manufacturer, machine shops, an HVAC business and others, Emery found the “perfect fit” in Think Chromatic LLC, a Comstock Park-based small company that does 3-D rendering and animation.

GRAND RAPIDS — The company that owns and operates the HopCat craft beer bar chain has secured another $6 million in capital it will use to open three to four more locations in 2019 and 2020, MiBiz has learned. In confirming BarFly Ventures LLC’s latest round of fundraising, founder and owner Mark Sellers told MiBiz approximately $5 million of the funding came from one new investor while $1 million came from Sellers himself. The company is still in the process of raising another $1 million from existing investors to reach its $7 million goal.

Novi-based I.T. firm Red Level Group LLC has acquired West Michigan business and technology consultant C/D/H.

The recent Tax Cuts and Jobs Act purported to simplify tax structures, rates and exemptions, but accountants say small businesses face plenty of nuances depending on their size, structure and profits. “One thing I have noticed, people thought they were going to be left with simpler tax laws and to some extent, some have,” said Sally Steffes, CPA and one of the partners at H&S Companies PC. “There are many variables to contend with.” 

The federal tax reform Congress enacted at the end of 2017 comes with significant complexity that tax professionals say they’re still sorting through as the 2019 tax season begins. For the first time, tax advisers are beginning to prepare and file returns for clients under the 2017 Tax Cuts and Jobs Act. Given the depth of the changes and the complexity of the new federal tax code, the only certainty for the 2019 tax season is the expectation that business owners will need to spend more time with their CPAs and tax advisers as they dive into the details and work through their returns.

Mandi Brower’s first job with the family business was working in college as a cashier at the Quality Car Wash store on Eighth Street in Holland. 

GRAND RAPIDS — When  realized it needed to add vehicles to its fleet to grow the business, founder Rich Flowers ran into some roadblocks familiar to many African American and minority entrepreneurs. 

GRAND RAPIDS — EPS Security has made its second acquisition of 2018.

GRAND RAPIDS — A niche law firm plans to relocate its Michigan headquarters to downtown, MiBiz has learned. 

The Michigan Strategic Fund steered additional money into two capital funds that support high-tech startups and growing small businesses in the state.

The Invest Michigan Pre-Seed Fund II received $3 million to invest in startups through loans or equity. Grow Michigan LLC will receive $9.6 million for a second mezzanine-style fund that will provide loans to growing small businesses.

A recent kerfuffle between Grand Rapids economic development officials and executives at Start Garden Inc. highlights the challenges cities face when they try to encourage more entrepreneurial investments. 

One West Michigan adviser hopes to channel the cultural shift toward localism into corporate succession planning by helping business owners preserve local ownership of their companies after an exit.

A $150,000 federal grant will enable Grand Rapids Opportunities for Women to expand virtual entrepreneurial training into new areas of Michigan.