A bipartisan group of lawmakers in Lansing hopes to revive Michigan’s historic preservation tax credit, which they say will encourage redevelopment in communities across the state. Bills introduced in the state Senate and House earlier this year would reinstate a tax credit of up to 25 percent for rehabilitation expenses on historic properties.
Forman Glass LLC, a Comstock Charter Township-based glass and glazing company, is relocating production of its window and entrance frames from Ft. Wayne, Ind. to Southwest Michigan.
WALKER — Industrial technology and electrical services firm Feyen Zylstra LLC plans to invest $5.3 million in a new facility in Walker.
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.
GRAND RAPIDS — A proposed contract between Start Garden Inc. and the Grand Rapids SmartZone would put in place new goals for fostering local tech startups. Rather than focusing on certain activities, the proposed contract establishes outcomes such as adding 10 new tech startups annually to the SmartZone service area, with six of those companies over two years owned by minorities or women, and providing service to 15 startups a year through its business incubator on Pearl Street in downtown.
For years, the city of Hudsonville wanted to encourage developers to create a more traditional downtown for the Ottawa County community. Officials often found themselves in a Catch 22 in trying to spur those kinds of development projects. Because the city lacked what’s traditionally classified as a downtown area, the local government was unable to seek funding incentives for developers, which in turn hindered the growth of a centralized urban area.
MUSKEGON — A deal to redevelop the former Ameribank building is making headway, but the project remains contingent on incentives from the city and the Michigan Economic Development Corp. Muskegon developer John Essex, managing partner and president of Core Development LLC, submitted a formal purchase agreement to the city prior to the Jan. 30 deadline. If the project goes ahead, it would transform a partially demolished building into a new use in the core of the city’s downtown.
At first glance, the 2019 Health Check report published by Grand Valley State University seems to suggest that medical innovation in Michigan and nationally slowed dramatically in recent years. But health care and legal experts say the medical patent numbers in the report don’t quite reflect reality. They cite an array of factors that likely drove steep declines from 2014 to 2017 in the number of medical patents issued and assigned, both nationwide and in Michigan.
A subsidiary of a China-based manufacturer of electromechanical actuators plans to invest $2 million into a new headquarters facility on the lakeshore.
WYOMING — A Cleveland-based producer of specialty abrasive products plans to move part of its business to the Grand Rapids area after it was acquired by local private equity firm Stone Fox Ventures LLC.