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West Michigan Business News & Intelligence

04/16/2023

As technology and industry trends continue to rapidly evolve, it's critical for manufacturers to understand the nuances of both business and digital transformations to stay competitive.

Join us during our next free livestream on April 20, where we'll explore the unique benefits and challenges of each approach and provide valuable insights and strategies for success.

Register here:
https://mibiz.com/manufacturingchange
Presented by MMTC and The Right Place

MiBiz - Michigan Business News and Information for Western Michigan - www.MiBiz.com

04/15/2023

Are you considering invoice automation?
Commerce Bank advises easy-to-measure ROI and implementation requires little-to-no IT resources.
Go deeper here:

By now you’ve probably heard about accounts payable (AP) automation, but you might be wondering if it can really have a significant impact on your business. There are many reasons that companies choose invoice automation, but savings is usually at the top of the list. An ideal platform saves both ...

04/14/2023

Manufacturers: This is your reminder to tune in on April 20 for our livestream with Steven Lopez, Business Development Specialist at The Right Place. Register now for this free webinar: https://mibiz.com/manufacturingchange

Presented by MMTC and The Right Place

MiBiz - Michigan Business News and Information for Western Michigan - www.MiBiz.com

04/14/2023

It’s time to pursue a recruitment strategy that gives your business the competitive edge. Beene Garter’s recruitment solutions team of experts can help your business find the most qualified candidates in the finance field.

Read the article below to learn how focusing on employee motivations and improving your recruitment process could impact your talent search.

The pandemic’s grip on our world has finally loosened, but not without leaving permanent changes to our work lives and expectations. From this, a new challenge for businesses was born: The war for talent. The pandemic’s grip on our world has finally loosened, but not without leaving permanent ch...

04/14/2023

From Crain’s Detroit Business: House Democrats began considering new bills Thursday that would make broad changes to Michigan employment law and which have drawn strong opposition from business groups.

LANSING — House Democrats on Thursday began considering new bills that would make broad changes to Michigan employment law, including altering the definition of independent contractors and requiring employers to tell employees the wages of similarly situated co-workers upon request. LANSING — Ho...

04/14/2023

Captive programs are one way to combat market-based insurance pricing, yet many business owners are not aware of their eligibility or have concerns with the process of entering. Lighthouse, An Alera Group Company offers a team of experts to help business owners decide if a captive is the best alternative risk option and if so, ensures the transition causes little to no business disruption.

Almost every business leader has felt it: the sense of no control as your insurance premiums seem to skyrocket. Whether it is your commercial insurance program or your employee benefits package, it often appears there is little you can do to avoid these annual price increases. This is because the gu...

04/14/2023

“This generational investment by an iconic American company will uplift local families, small businesses and the entire community, and help our state continue leading the future of mobility and electrification,” Governor Gretchen Whitmer declared in February 2023.

Michigan took a huge step toward fortifying its place at the center of the EV revolution by securing a $3.5 billion investment by Ford to establish its latest EV battery plant in Marshall, Mich.

Sponsored by Michigan Economic Development Corporation

Michigan took a huge step toward fortifying its place at the center of the electric vehicle (EV) revolution securing a $3.5 billion investment by Ford to establish its latest EV battery plant in Marshall, Mich. Michigan took a huge step toward fortifying its place at the center of the electric...

04/14/2023

The Frederik Meijer Gardens and Sculpture Park has announced a slate of newcomers as well as returning artists for its 30-show summer concert series.

GRAND RAPIDS TWP. — The Frederik Meijer Gardens and Sculpture Park today announced a slate of newcomers as well as returning artists for its 30-show summer concert series. GRAND RAPIDS TWP. — The Frederik Meijer Gardens and Sculpture Park today announced a slate of newcomers as w...

04/13/2023

In what one health care executive called a “momentous day for us,” health systems across Michigan are set to drop COVID-19 mask mandates in most of their facilities.

Several Michigan health systems are mostly dropping mask mandates that they imposed three years ago early in the pandemic, citing a dramatic decline in COVID-19 patients, vaccines and readily available treatments. Several Michigan health systems are mostly dropping mask mandates that they impo...

04/13/2023

Western Michigan University, in coordination with three local tribal nations, will offer a new graduate program in tribal governance that will focus on gaming and other economic development opportunities.

KALAMAZOO — Western Michigan University, in coordination with three local tribal nations, will begin offering a graduate certificate program in tribal governance in early 2023. KALAMAZOO — Western Michigan University, in coordination with three local tribal nations, will begin offering...

04/13/2023

Venture capital investing in Michigan declined by 25 percent in the first quarter of 2023, following along with a steep drop-off in deal flow nationally.

Venture capital investing declined in Michigan in the first quarter, following along with a steep drop-off in deal flow nationally. Venture capital investing declined in Michigan in the first quarter, following along with a steep drop-off in deal flow nationally. Michigan recorded 39 ven...

04/12/2023

Employees now expect a personalized experience that meets their needs at every stage of their careers, beginning with the hiring and onboarding processes and extends across all touchpoints.

Does your business need help pursuing a recruitment strategy that gives you that competitive edge? Read the article below to learn how Beene Garter may be the answer.

04/12/2023

From Crain’s Detroit Business: Traverse City-based specialty auto insurer Hagerty is cutting an additional 4 percent of its workforce just months after a 6 percent cut as it seeks cost savings.

Traverse City-based specialty auto insurer Hagerty Inc. is cutting an additional 4 percent of its workforce just months after a 6 percent cut as it seeks cost savings. Traverse City-based specialty auto insurer Hagerty Inc. is cutting an additional 4 percent of its workforce just months after a 6 pe...

04/12/2023

The owner of the Palisades nuclear plant in Van Buren County is reportedly seeking $300 million in state funding in an unprecedented bid to reopen a nuclear facility after it has started decommissioning.

The owner and operator of a shuttered Southwest Michigan nuclear power plant may ask for about $300 million in state funding to help reopen the facility. The owner and operator of a shuttered Southwest Michigan nuclear power plant may ask for about $300 million in state funding to help reopen the fa...

04/12/2023

Michigan CDFIs receive $34.3 million in federal funding to support lending in low- and moderate-income markets that are still recovering from the pandemic.

Fifteen Michigan organizations are receiving $34.3 million in federal funding to support lending in low- and moderate-income markets that are still recovering from the pandemic. Fifteen Michigan organizations are receiving $34.3 million in federal funding to support lending in low- and moderate-inco...

04/12/2023

From Crain’s Detroit Business: Caledonia-based Revolution Farms has broadened a recall to include all products sold under its name to a variety of retailers and distributors in the Midwest.

A West Michigan-based grocery supplier has expanded a recall to include all products sold under its name to a variety of retailers and distributors in the Midwest. A West Michigan-based grocery supplier has expanded a recall to include all products sold under its name to a variety of retailers and d...

04/12/2023

From Grand Rapids Business Journal: A GVSU professor says building public trust in large, overall beneficial manufacturing projects should be a key priority for economic development organizations attempting to lure big investments.

After spending months behind the scenes on complex negotiations and crafting incentive packages to lure major advanced manufacturers, Michigan economic development organizations now face another challenge to landing projects: public sentiment. After spending months behind the scenes on complex negot...

04/11/2023

Developers behind the $150 million Factory Yards redevelopment south of downtown Grand Rapids plan to seek rarely used state “transformational brownfield” tax incentives to offset substantial costs of the project.

GRAND RAPIDS — Developers behind the $150 million Factory Yards redevelopment south of downtown Grand Rapids plan to seek rarely used state tax incentives to offset substantial costs of the project. GRAND RAPIDS — Developers behind the $150 million Factory Yards redevelopment south of downtown G...

04/11/2023

From Crain’s Detroit Business: The Sault Ste. Marie Tribe of Chippewa Indians’ casino gaming authority has agreed to pay developers up to $35 million to settle a dispute over failed casino projects in Lansing and Southeast Michigan.

Kewadin Casinos Gaming Authority has agreed to pay developers up to $35 million to settle a dispute over failed casino projects in Michigan. Kewadin Casinos Gaming Authority has agreed to pay developers up to $35 million to settle a dispute over failed casino projects in Michigan. The settlement, an...

04/11/2023

Holland-based Lakewood Construction has acquired Royal Glass & Aluminum Manufacturing of Fennville, a deal company leaders say was driven by cultural alignment.

HOLLAND — Lakewood Construction Co. plans to learn from a recently acquired glazing business to expand its project scope and its footprint into new geographies. HOLLAND — Lakewood Construction Co. plans to learn from a recently acquired glazing business to expand its project scope and its ...

04/11/2023

Michigan’s banking sector remains in good shape, despite the high-profile collapse last month of Silicon Valley Bank in California and New York’s Signature Bank that gave rise to concern about the state of the industry.

04/10/2023

From Crain’s Detroit Business: Rooms above the historic Schuler’s Restaurant in downtown Marshall have been converted to lodging once again in the form of a boutique hotel.

MARSHALL — Rooms above the historic Schuler’s Restaurant in downtown Marshall that served as storage space for the past 50 years have been converted to lodging once again. MARSHALL — Rooms above the historic Schuler’s Restaurant in downtown Marshall that served as storage space for the past ...

04/10/2023

From Grand Rapids Business Journal: Grand Rapids-area packaging company Praxis Packaging Solutions permanently laid off 60 workers on March 31 amid reduced business.

BYRON TWP. — A Grand Rapids-area packaging company has permanently laid off 60 employees amid reduced business. BYRON TWP. — A Grand Rapids-area packaging company has permanently laid off 60 employees amid reduced business. Private equity-backed Praxis Packaging Solutions Co. on March 31 permane...

04/10/2023

The Saginaw Chippewa Indian Tribe of Michigan’s economic development subsidiary has formed two consulting firms to help spread economic diversification in Indian Country.

MOUNT PLEASANT — The economic development subsidiary of the Saginaw Chippewa Indian Tribe of Michigan has launched two new consulting firms that aim to further diversify the tribe’s holdings and also support similar strategies for other tribes and non-tribally owned businesses. MOUNT PLEASANT .....

04/10/2023

Managing editor Andy Balaskovitz appeared on WOOD-TV8 this morning to discuss a recent survey finding that nearly 40% of Michigan nurses plan to quit within their first year.

The COVID-19 pandemic and resulting staff shortages at Michigan hospitals is driving up the number of nurses who want to quit within their first year. The COVID-19 pandemic and resulting staff shortages at Michigan hospitals is driving up the number of nurses who want to quit within their first year...

04/10/2023

By using a captive program, a company can reduce the premiums being paid to insurance carriers and recapture part of these premiums as long-term equitable savings.
To help explain the cost-saving complexities of captive programs, Lighthouse Insurance has put together a helpful guide.

04/10/2023

Michigan took a huge step toward fortifying its place at the center of the EV revolution by securing a $3.5 billion investment by Ford to establish its latest EV battery plant in Marshall, Mich.
Read on to learn how BlueOval Battery Park Michigan will create 2,500 high-paying jobs, building a robust new economic engine for both Calhoun County and all of southwest Michigan.

Sponsored by Michigan Economic Development Corporation

04/10/2023

With the struggle to secure talent only increasing, what recruitment strategies would give your business the competitive edge? Beene Garter’s recruitment solutions team of experts can help your business succeed in quickly finding the most qualified candidates in the finance field.

Read the article below to discover how you could work with Beene Garter’s in-house talent acquisition specialists one-on-one to ensure optimal talent matches.

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Videos

Manufacturing Change: Talent Pipeline

Talent. How do you find it? And more specifically, how does West Michigan get its college students to stay, live, and work here? Terry and Clare are joined by Rachel Gray, Executive Director, and Jessica Kuster, Program Manager, of HelloWestMichigan, which offers programing precisely to answer these questions.

Supply Chain 2023: Flexibility & Responsibility

Terry Hossink spent 30 years in a variety of automotive manufacturing functions across West Michigan. In his current role as a Vice President of Manufacturing Services at The Right Place, he interacts with leaders and employees of all levels across the vast variety of manufacturing places in the region. He hears their concerns, their dreams, and is deeply connected to what is happening on the floor and in the corner office. Terry is passionate about supporting manufacturing leaders and advancing the industry. Justine Burdette grew up in her family’s apparel manufacturing company and has a heart for all things business. As the Associate Publisher of MiBiz, she engages in the Western Michigan business community to hear from all the people and resources leading, changing and shaping the economy.

Building a Retention Culture

Manufacturing is always in a state of change. AND that today, that change is happening at a faster and faster pace. All the shocks to our systems breed an array of new ideas, solutions, and technologies. Trying to understand it all and then incorporating what one has learned into any manufacturing role has become a job in itself. To cut through the noise, on the third Thursday of every month, Terry Hossink (Vice President, Manufacturing Services; The Right Place) and Justine Burdette (Associate Publisher, MiBiz) go in-depth with monthly conversations highlighting best practices that offer direct, actionable solutions and introduce local experts who offer their know-how and can-do attitude to tackle the most pressing manufacturing issues.

Video invite

Webinar tomorrow! Come learn with Terry and Justine. Implementing any Industry 4.0 technology is a strategic move and has benefits. Click here to register: https://bit.ly/3R2Rnma

Video Invite

Planning your upcoming week? Register for the last webinar of our 2022 series, Industry 4.0 Stories from the Road. Learn why implementing these advanced technology should be part of strategic plan and what the benefits of implementation are. Click here to register: https://bit.ly/3R2Rnma

Video Invite

You're Invited!

Last webinar of the series! Tune in to hear why and how manufacturers are strategically prioritizing Industry 4.0 implementations! Click here to learn more: https://www.mibiz.com/MfgWorkforceStrategies

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MiBiz is the top source for business news in West, Southwest and Central Michigan. We reach more than 100,000 business readers each month with a bi-weekly print edition, web coverage, e-newsletters and social media updates. MiBiz’s unique regional perspective has earned it a “Must Read” reputation with C-suite executives, business owners, professional advisers, policy makers and influencers throughout Michigan and the Midwest. We provide a comprehensive and analytical look at the region’s economic activity with daily coverage of the industries that drive West Michigan business: manufacturing, healthcare, agribusiness, real estate, finance, energy, nonprofits and professional services. We offer unparalleled coverage of the region’s merger, acquisition, venture capital, private equity and capital formation public activities.

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