Small Business

GRAND RAPIDS — EPS Security has made its second acquisition of 2018.

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GRAND RAPIDS — A niche law firm plans to relocate its Michigan headquarters to downtown, MiBiz has learned. 

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From the cannabis industry to beverage manufacturers to tech-focused firms, West Michigan continues to see an uptick in startups. 

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The Michigan Strategic Fund steered additional money into two capital funds that support high-tech startups and growing small businesses in the state.

The Invest Michigan Pre-Seed Fund II received $3 million to invest in startups through loans or equity. Grow Michigan LLC will receive $9.6 million for a second mezzanine-style fund that will provide loans to growing small businesses.

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recent kerfuffle between Grand Rapids economic development officials and executives at Start Garden Inc. highlights the challenges cities face when they try to encourage more entrepreneurial investments. 

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KALAMAZOO — The Kalamazoo affiliate of Grand Angels easily exceeded expectations after launching more than a year ago.

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One West Michigan adviser hopes to channel the cultural shift toward localism into corporate succession planning by helping business owners preserve local ownership of their companies after an exit.

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A $150,000 federal grant will enable Grand Rapids Opportunities for Women to expand virtual entrepreneurial training into new areas of Michigan.

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Larry Andrus began thinking about his eventual exit from Trivalent Group Inc. almost from the beginning.

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Family-owned businesses have a few new items to sort through after the passage last year of the federal Tax Cuts & Jobs Act. Here is a look at some of the key considerations. 

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In the middle of an extended construction industry expansion across West Michigan, most contractors are focused on running their businesses, rather than transitioning them to new ownership. 

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The federal tax reform law Congress passed and President Trump signed in December has ramifications for family-owned businesses and how they are ultimately transitioned from one generation to the next.

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A continued robust economy provides the right timing for business owners to consider selling their companies throughout the remainder of the year.

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When Alan Hartline purchased Kingma’s Market four years ago, he pivoted away from a corporate world in which he was at the “mercy of quarterly earnings and Wall Street.”

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GRAND RAPIDS –– Partners in West Michigan’s startup ecosystem continue to explore how best to allocate resources to the region’s entrepreneurs.

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More than 130 startups sought capital this year from a state-backed fund, far exceeding expectations and serving as another example of the need for funding at the earliest stages of the capital continuum.

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Beyond angel funds and venture capital, entrepreneurs behind startup companies today have an assortment of business plan and pitch competitions to test their ideas and win funding.

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thriving business climate and renewed interest in communities across West Michigan have sparked increased demand for event space throughout the region.

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Until last year, state law barred alcoholic beverage makers and wholesalers from using social media to promote their products at the retailer level, even though many of them did anyway.

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GRAND RAPIDS — Accounting, law and marketing firms are hosting more educational and social gatherings than they were just three years ago.

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As the leader of a family-owned business, Aaron Zeigler can relate to the owners of car dealerships acquired by his Kalamazoo-based Zeigler Automotive Group. The $1 billion (revenues) mega-dealer has grown by acquiring other family-owned dealerships in recent years, earning it a national ranking of 64th in new car sales last year, according to Automotive News. Zeigler, a second-generation owner, spoke with MiBiz about the intricacies of buying other family-owned dealerships in an era when the automakers often control whether a transaction can move forward.

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HOLLAND — When Randy Boileau started his Holland-based communications company 14 years ago, he never intended to hand it off to the next generation in his family.

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When two former executives of Pitsch Holding Company Inc. filed a lawsuit against three of their siblings in 2007, they probably didn’t know they’d be starting a 10-year war.

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Every business owner eventually comes to the point when it’s time to step aside and allow new leadership to take over. Leaders of family-owned businesses are no exception.

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Running any business is challenging, but when you add the dynamics of family ownership into the mix, it creates an entirely different set of hurdles.

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Family-owned companies often do what they can to keep their businesses in the family, but at times, that’s not always prudent

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Family-owned companies often do what they can to keep their businesses in the family, but at times, that’s not always prudent

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When Mark Lindquist purchased Rapid-Line Inc. in 1989, he completed the transaction with a strategy for exiting the business already in mind.

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The new head of the U.S. Small Business Administration’s Michigan office believes lending should continue to grow, even as volumes for the agency’s federally backed loans keep moving upward.

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Heralded by backers as a novel way for in-state businesses to raise capital, 2014’s Michigan Invests Locally Exemption (MILE) Act came with great promise.

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As Neil Brown and Wade Thompson considered acquiring Central Interconnect Inc. late last year, they found themselves interested in the opportunity the company presented.

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Over the past decade, many small business owners put off expansions or capital equipment purchases for as long as they could.

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Half of the nearly 500 small businesses across Michigan that have completed a cyber-security assessment since December remained largely unaware of the daily risks they face.

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The Small Business Association of Michigan wants to find a route to further improve the state’s entrepreneurial climate.

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