Mark Sanchez

Mark Sanchez

Senior writer, covers health care, finance and life sciences. Twitter: @masanche

Wednesday, 28 September 2022 21:50

Michigan Legislature approves $846.1M to support economic development projects

State lawmakers have steered another $846.1 million into a state fund to support major economic development projects in Michigan.

Wednesday, 28 September 2022 17:51

After strong quarter, MillerKnoll forecasts slower sales and plans cost-cutting measures

ZEELAND — Despite strong sales in recent months, MillerKnoll Inc. executives forecast slower sales growth in the months ahead and are taking several measures to generate up to $35 million in cost savings.

Tuesday, 27 September 2022 09:55

Spectrum Health to break ground on orthopedic surgery and care center in Grand Rapids Township

GRAND RAPIDS TWP. — BHSH Spectrum Health West Michigan plans to break ground today on a new orthopedic outpatient surgery and care center in Grand Rapids Township.

Sunday, 25 September 2022 22:10

Q&A: Conference to define challenges, opportunities with rural economic development

The W.E. Upjohn Institute for Employment Research in Kalamazoo and the Federal Reserve Bank of Chicago will host a conference this week in Greenville and Grand Rapids focused on rural economic development. Scheduled for Wednesday and Thursday, the conference will discuss the “challenges and opportunities facing rural economic development.” Among the scheduled speakers is Martin Lavelle, a business economist with the Detroit branch of the Federal Reserve Bank of Chicago. He spoke with MiBiz on the issues the conference will address, including access to housing and how the pandemic and the rise of remote work has changed the equation.

Sunday, 25 September 2022 18:10

North Ottawa eyes opportunities in merger with Trinity Health

GRAND HAVEN — In deciding to merge into the large Trinity Health ecosystem, North Ottawa Community Health System potentially stands to reap one immediate benefit: a greater ability to attract physicians.

Thursday, 22 September 2022 11:59

Steelcase execs attribute salaried job cuts to ‘dark clouds,’ slow adoption of hybrid work models

GRAND RAPIDS — Steelcase Inc.’s plan to eliminate up to 180 salaried positions this fall comes as the economy faces what CFO and Senior Vice President Dave Sylvester calls “dark clouds” and as the office furniture maker has experienced reduced incoming orders in recent weeks.

Wednesday, 21 September 2022 17:17

Steelcase to slash 180 salaried positions, citing current slump in new orders

GRAND RAPIDS — Citing a 20-percent decline in incoming orders during the first few weeks of its current quarter, Steelcase Inc. plans to cut up to 180 salaried positions and has reduced its quarterly dividend.

Tuesday, 20 September 2022 10:00

North Ottawa Community Health System merging into Trinity Health Oct. 1

GRAND HAVEN — North Ottawa Community Health System will become part of Trinity Health Michigan on Oct. 1 when the two health care systems close their planned merger.

Tuesday, 13 September 2022 16:22

Grand Rapids Chamber launches Center for Economic Inclusion to break down barriers for BIPOC entrepreneurs

GRAND RAPIDS — The Grand Rapids Chamber of Commerce today launched a new initiative that intends to create greater economic diversity and inclusion.

Tuesday, 13 September 2022 14:56

Calvin University launches Startup Garage business incubator backed by $500K donation

GRAND RAPIDS — After selling the church management software company he started in 2014, Jon VerLee decided to put his money into assisting other entrepreneurs get their businesses off the ground.

Monday, 12 September 2022 11:07

Michigan Capital Network raises target for next VC fund to $35M, citing strong interest

GRAND RAPIDS — Strong interest from investors led Michigan Capital Network to expand the size of its new venture capital fund, the organization’s fourth since its inception.

Sunday, 11 September 2022 18:31

Pandemic creates ‘sense of urgency’ for succession planning

Amid its many strains on companies, the COVID-19 pandemic appears to have prompted more owners to think about the future and eventually pass a family business down to the next generation.

Sunday, 11 September 2022 18:27

Family-owned biz retained workers during pandemic, prioritize tax changes, survey finds

survey this year of hundreds of U.S. family-owned businesses showed that owners prioritized keeping employees on the payroll even as the pandemic disrupted their business and that most regularly give to local charities.

Sunday, 11 September 2022 05:00

KeyBank plans new permanent office in downtown GR

GRAND RAPIDS — KeyBank intends to plant a flag in the West Michigan market with the opening of a downtown Grand Rapids office later this year or in early 2023.

Friday, 09 September 2022 12:08

BHSH slashes 400 non-clinical, administrative positions statewide to address rising costs

GRAND RAPIDS — BHSH System has eliminated 400 positions across the state in a move to address rising costs that have been hitting the health care industry hard this year. 

Thursday, 08 September 2022 16:39

BHSH System cuts two dozen leadership positions at Spectrum Health Lakeland

ST. JOSEPH — BHSH Spectrum Health Lakeland has cut nearly two dozen leadership positions in Southwest Michigan.

Thursday, 08 September 2022 12:40

University of Michigan economists expect job growth to ease as interest rates continue to rise

Job growth in Michigan will ease through 2023 as the U.S. economy slows as a result of rising interest rates intended to tame inflation.

Tuesday, 06 September 2022 15:42

Statewide jobs report confirms decline in health care employment

The number of health care jobs in Michigan declined in the first year of the COVID-19 pandemic, worsening an existing staffing shortage that — if not reversed — could eventually affect access to care.

Tuesday, 30 August 2022 11:28

New Community Transformation Fund’s second investment goes to fintech relocating to GR

The second investment by the New Community Transformation Fund — a recently formed Grand Rapids investment fund for minority entrepreneurs — went to a Texas fintech that relocated its headquarters to downtown Grand Rapids.

Sunday, 28 August 2022 18:10

Nursing advocates say proposed bill would help keep practitioners in Michigan

The trade group representing nurse practitioners in Michigan hopes updated state data showing high industry growth through the decade will spur action to expand the profession’s scope of practice.

Sunday, 28 August 2022 18:07

Industry leaders see opportunity to leverage global attention on COVID-19 vaccine production

The world’s attention focused on Southwest Michigan in late 2020 as the region began producing the first COVID-19 vaccines.

Thursday, 25 August 2022 12:29

RAISING THE BAR: Behavioral health provider significantly grows capacity with new Marne campus

David and Rae Green started Sanford Behavioral Health seven years ago in a historic home in Grand Rapids’ Heritage Hill neighborhood.

Wednesday, 24 August 2022 15:06

Lakeshore Advantage seeks proposals for spending federal pandemic relief on business stabilization

Economic development organization Lakeshore Advantage Corp. is seeking proposals for using a portion of federal American Rescue Plan Act funding to support local businesses.

Tuesday, 23 August 2022 15:57

Blackford Capital sells Hastings-based housing products manufacturer in latest exit

GRAND RAPIDS — Blackford Capital recorded another exit with the sale of Hastings-based Quality Aluminum Products Inc. to a publicly traded manufacturer and service provider for the renewable energy, residential, agricultural technology and infrastructure markets.

Tuesday, 23 August 2022 09:10

Economists forecast slowed economic growth through 2023

University of Michigan economists expect the U.S. economy to experience a “very mild decline” the rest of this year before slowing to near zero growth in 2023.

Friday, 19 August 2022 09:31

State to deploy $72M in first round of federally funded small business loans, investments

The state has begun the process to dispense nearly $237 million in federal funding to support small businesses.

Thursday, 18 August 2022 12:04

Beaumont Health lost $100M in first half of 2022; Spectrum and Priority Health gains offset losses for BHSH System

First half revenues fell well below BHSH System’s projections as major losses in Southeast Michigan were offset by gains in West Michigan. 

That’s according to a new quarterly report that sheds light on the finances of the largest in-state health care provider created by the merger of Beaumont Health and Spectrum Health earlier this year.

Thursday, 18 August 2022 10:40

Rohs named SW Mich. regional president of Ascension Michigan

Ascension Michigan has named Dr. Thomas Rohs as president and CEO of the health system’s southwest region, overseeing hospitals in Kalamazoo, Plainwell, Allegan and Dowagiac, as well as other care centers across the market.

Thursday, 18 August 2022 10:30

Spectrum Health breaks ground on rehabilitation, nursing center in latest GR construction project

GRAND RAPIDS — BHSH System Spectrum Health West Michigan began work today on a new $37 million rehabilitation and nursing center in Grand Rapids.

Monday, 15 August 2022 16:17

Advia Credit Union names Fielder as next CEO under transition plan

KALAMAZOO — Advia Credit Union has named longtime Chief Financial Officer Jeff Fielder as its next president and CEO.

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