ADA — Direct-selling giant Amway Corp. reported a slight sales decline in 2022 from the prior year, citing the strength of the U.S. dollar, the sale of an affiliated nutritional supplement company and the company’s withdrawal from Russia. Excluding a strengthened exchange rate for the U.S. dollar as a result of the Fed’s response to inflation, sales
GRAND RAPIDS - Tier 1 automotive supplier Lear Corp. plans a $112.5 million expansion at three facilities in southeastern Michigan and Traverse City to support the manufacturer’s ongoing growth in the electric vehicle market. The Southfield-based company, which specializes in seating and electrical systems, plans a new 120,000-square-foot facility in Independence Township in Oakland County. The
GRAND RAPIDS — The West Michigan Center for Arts + Technology (WMCAT) recently received a $150,000 grant from Google to support the nonprofit’s new Adult Career Training Program. WMCAT’s new Cybersecurity + GRC program is designed to prepare under-employed and unemployed adults in Kent County for careers in cybersecurity, governance, risk and compliance, as MiBiz previously reported. The seven
MUSKEGON TWP. — A former BASF herbicide production facility in Muskegon County would return to life with a potential $430 million capital investment by Global Life Sciences Solutions USA LLC. The Michigan Strategic Fund Board approved two job-training grants totaling $3 million for Marlborough, Mass.-based Global Life Sciences Solutions USA, which would create up to 200
GRAND RAPIDS - Three area entrepreneurs have launched a new high-tech production space to meet the digital needs of area businesses. TheCollaborative Lab LLC, located at 943 W. River Center Drive NE in Comstock Park, held a soft opening last year but will open its doors to the general public on June 1. The open
KALAMAZOO — Green Door Distilling Co. now has a National Basketball Association Hall of Fame player within its ownership group. The Kalamazoo based-distillery today announced that former Detroit Piston and NBA champion Ben Wallace has purchased a stake in the company, joining majority owners Steve Jbara and Scott Benton, who have grown to become familiar business partners
GRAND RAPIDS - Michigan electric vehicle registrations climbed nearly 60 percent over the past year, which comes as the state is preparing to deploy tens of millions of dollars for additional charging infrastructure. State officials project as many as 60,000 plug-in electric vehicles to be on Michigan roads by 2024. Electric vehicle adoption is expected
GRAND RAPIDS — Charter Growth Capital Fund has acquired a minority stake in Grand Rapids-based public relations and investor relations firm Lambert & Co. The debt and equity investment will support Lambert & Co.’s growth at its locations in Michigan, Arizona, Texas and New York, as well as help accelerate the firm’s M&A strategy and the launch of new
GRAND RAPIDS - Nearly $237 million in federal funding coming to the state is planned to support small businesses in Michigan through lending initiatives and equity investments in venture capital funds. The Michigan Economic Development Corp. aims to deploy the federal funding across five programs, including investing $75 million in one or more venture capital funds
GRAND RAPIDS - Grand Rapids Community College and workforce development organization West Michigan Works! have launched a program aiming to make big strides in preparing participants for the future of manufacturing. In early 2021, GRCC announced that it was a recipient of a $9.8 million grant from the U.S. Department of Labor to create the One Workforce for
