Mark Sanchez

Mark Sanchez

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

An upcoming open house provides companies a chance to connect with Spectrum Health, the City of Grand Rapids, Grand Valley State University and the Grand Rapids Public Schools. The city and Spectrum Health organized the Meet the Buyers open house for 2-5p.m., Thursday, March 14 at the David D. Hunting YMCA on Lake Michigan Drive in downtown. The open house gives companies a chance to meet with buyers and learn about bidding opportunities with organizations that have $1.5 billion in annual collective buying power.

Business advocates in Lansing panned Gov. Gretchen Whitmer’s proposal to implement what she called “tax parity” by having small businesses pay the same 6-percent state income tax now levied on corporations in Michigan.

Gov. Gretchen Whitmer’s first budget proposal would raise Michigan’s gas and diesel fuel tax by 45 cents per gallon over 12 months to generate $2.5 billion annually to repair state and local roads.

Cultivate(MD) Capital Fund II LP, a venture capital fund operated by Grand Rapids-based Genesis Innovation Group, invested in Embody Inc., a Norfolk, Va. company that developed a collagen-based micro-fiber implant for Achilles’ heel and rotator cuff repairs.

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.

A proposed headquarters project in Cascade Charter Township could become the home for Acrisure LLC, a Caledonia-based insurance brokerage that’s been growing rapidly through an ambitious M&A strategy. 

Grand Angels’ formation of an affiliate investment group in Detroit brings more capital and investors into the field to support startup companies in Michigan. 

GRAND RAPIDS — Along with welcoming new leadership, the Grand Rapids African American Health Institute is preparing to launch a major initiative later this year to bring greater diversity to the region’s health care workforce. Micah Foster became executive director in January at GRAAHI, a 17-year-old nonprofit organization that works to promote parity and eliminate racial disparities in health care. Foster succeeded Shannon Wilson, who in December joined Priority Health as director of Medicaid outreach and quality after leading GRAAHI for eight years.

Blue Cross Blue Shield of Michigan earned $605 million on operations in 2018 across all of its businesses amid enrollment growth and continued moderation in premiums for small business health coverage.

An appeals court ruling upheld the ability of employers to withdraw job offers to people who failed a pre-employment drug test, even if they are a legal user of medical marijuana. In a case involving the City of Lansing and its utility, the Lansing Board of Water and Light, the Michigan Court of Appeals this week ruled that employers may withdraw a just offer from prospective at-will employees.

Page 7 of 78