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About / News / growth

Toledo looks to invest more into small businesses, despite tighter budget for economic development

Posted By: Toledo Blade on December 3, 2024.  For more information, please click here to read the source article. The Toledo Department of Economic Development has big goals for 2025, but like most departments in the city, it’s preparing to operate with a smaller budget. Brandon Sehlhorst, director of economic development for Toledo, said the department views its […]

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Lucas County announces new department for economic development

Posted By: The Toledo Blade on October 28, 2024.  For more information, please click here to read the source article. Lucas County now has an economic development agency tasked with promoting the county in a conscious attempt to move away from a “Toledo-centric” mindset that has characterized some economic development initiatives. The inauguration of the new department was […]

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$83.67 billion? That’s what one researcher says that self-storage market will be worth by 2031

Posted By: REJournals on May 17, 2024.  For more information, please click here to read the source article. The revenue generated by the global self-storage market has long been on the rise. But one new study is predicting higher revenues than even the most optimistic brokers would predict. This new research predicts that the self-storage niche will boast […]

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A Decade Of Demolition Without Substantial Development Has Reset Retail

Posted By: BISNOW on April 28, 2024.  For more information, please click here to read the source article. A great recalibration of the country’s retail footprint has been underway for years, as bankruptcies have roiled some of the most beloved stores and restaurant chains. Now, as other sectors of CRE stumble and slow, retail has stabilized as a result. […]

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What Rose Hotel project means for downtown Rockford

Posted By: woodtv.com on April 4, 2024.  For more information, please click here to read the source article. Project leaders hope a hotel coming to downtown Rockford will help spur further growth. The Rose Hotel is planned for 12 S. Main Street near Bridge Street in Rockford. The 54-room hotel has been years in the making, with Wheeler […]

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New Wyoming-area truck part facility will create 130 jobs

Posted By: WOODTV on March 7, 2024.  For more information, please click here to read the source article. A West Michigan-based truck part company is expanding with a facility in the Wyoming area, Crain’s Grand Rapids Business reports. Weller Truck Parts has renovated the 131,000-square-foot building at 1250 60th Street near Burlingame Avenue in Byron Township to include […]

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Detroit economic outlook remains optimistic, UM report says

Posted By: The Detroit News on February 2, 2024.  For more information, please click here to read the source article. Despite elevated interest rates posing challenges for Detroit’s mortgage and auto manufacturing industries, the city is expected to see economic growth pick up later this year and continue at a steady pace for the next few years, University […]

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Aircraft Engine Forging Market to Reach $22B by 2028

Posted By: DBusiness on October 30, 2023.  For more information, please click here to read the source article.   The aircraft engine forging market is likely to grow 7.2 percent and reach a level of $22 billion by 2028, according to a new report by Detroit-based global market research firm Stratview Research. The report breaks down the aircraft […]

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Private equity takes a shine to the car wash business in Michigan

Posted By: The Detroit News on October 27, 2023.  For more information, please click here to read the source article. New car washes are popping up throughout Metro Detroit, with operators attracted by the outlets’ reoccurring revenue and customers drawn to their convenience and flexibility. For example, Jax Kar Wash recently opened a new location in Oak Park, […]

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Metro Detroit sees boom in industrial development

Posted By: Detroit News on August 17, 2023.  For more information, please click here to read the source article. One recent afternoon, workers at LM Manufacturing in southwest Detroit stood at their stations on the production line, each doing their part to assemble seating for the Ford Bronco and Ford Ranger. After launching production last month, three shifts […]

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Packin’ up: Self-storage spaces grow into new places in Metro Detroit

Posted By: The Detroit News on August 14, 2023.  For more information, please click here to read the source article. Metro Detroit’s self-storage industry is growing in unorthodox places as people look for places to store their stuff. Once located off the beaten path, these facilities are now more visible in repurposed buildings, as the need for other […]

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Kellogg Co. says cereal business spinoff will happen in fourth quarter

Posted By: The Detroit News on August 9, 2023.  For more information, please click here to read the source article. Battle Creek-based Kellogg Co. said Wednesday that its planned split into two companies is on track to be finalized in the fourth quarter of this year. At an investor day event, company officials said the split will create […]

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Lansing’s Biggby Coffee on Track to Have 500 Stores by Year’s End

Posted By: DBUSINESS on August 14, 2023.  For more information, please click here to read the source article. Biggby Coffee, based in Lansing, currently has more than 360-unit coffeehouse franchises and has seen 43 new franchise agreements signed and 31 new stores opened so far this year. “Currently, we have 361 stores open and around another 140 in […]

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Bollinger Motors gets $3M grant to expand Michigan facilities, add jobs

Posted By: The Detroit News on July 25, 2023.  For more information, please click here to read the source article. Oak Park-based electric commercial vehicle company Bollinger Motors Inc. has been awarded $3 million from the state in support of its plan to add up to 237 new jobs and invest $44 million in its Oak Park and […]

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U-M Report: Oakland County Economy Projected to Rebound

Posted By: DBUSINESS on May 8, 2023.  For more information, please click here to read the source article.   Oakland County’s economy is expected to return to normal this year and has a “solidly positive outlook” over the next few years, according to a new report from economists at the University of Michigan in Ann Arbor. As one […]

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Retail sector heading in the right direction

Posted By: REjournals on April 27, 2023.  For more information, please click here to read the source article. Tight vacancy rates. Resilience. And growth. These are all positives of the U.S. retail sector according to the latest research from Cushman & Wakefield. According to a first-quarter report from Cushman & Wakefield, the U.S. retail sector started 2023 riding the […]

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Against the grain: These retailers are adding stores in Michigan

Posted By: The Detroit News on March 10, 2023.  For more information, please click here to read the source article.   For more than a decade, a former Kmart store sat vacant in the Utica Park Place shopping center on Hall Road. The 61,000-square-foot space finally got a new use this past fall with the opening of the […]

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Amazon’s belt-tightening affects towns across the country

Posted By: The Detroit News on March 7, 2023.  For more information, please click here to read the source article.   Last year, Amazon planned to open a new warehouse in Florida’s state capital, creating 1,000 jobs. The company bought up so much concrete and acquired so many sprinter vans in anticipation of the project that local business […]

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Chinese LiDAR Firm RoboSense Opens North American HQ in Plymouth Township

Posted By: DBUSINESS on October 21, 2022.  For more information, please click here to read the source article. Jason Stough of Signature Associates was proud to be a part of this deal.   RoboSense, a provider of smart LiDAR sensor systems based in Shenzhen, China, today announced the opening of its North American headquarters at 46057 Five Mile […]

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Michigan Strategic Fund Approves Projects Totaling 1,869 Jobs, $550M in Investment

Posted By: DBUSINESS on October 26, 2022.  For more information, please click here to read the source article.   The Michigan Economic Development Corp. (MEDC) in Lansing announced Michigan Strategic Fund (MSF) approval of a wide range of new projects, that, in total, could create 1,869 jobs and generate more than $550 million in investment in the state. […]

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Sprawling building gets new life as a plant to retread tires

Posted By: The Blade on October 18, 2022.  For more information, please click here to read the source article.   They call him “Coach.” Jim Jones, co-founder of a 19-year-old business called JAM Fleet Service, prefers that title and not because he once coached Sylvania Northview High School’s varsity wrestling team. He’s an unconventional owner of an unconventional business […]

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Detroit economy overcoming pandemic challenges, faces recession fears, UM report says

Posted By: The Detroit News on August 25, 2022.  For more information, please click here to read the source article.   The city’s economy is expected to recover from pandemic-related challenges faster than Michigan or the United States overall, even as new recession threats loom, University of Michigan researchers predict. The Detroit Economic Outlook for 2021-27 notes that […]

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Michigan’s small businesses had a growth spurt in 2021, highest new job count in two decades

Michigan customers had lots of options to support a new, small business in 2021. They could get a “Millennial Lunchable” in Saginaw, an “all-beef dirty water plain dog” in Kalamazoo or BYOC — bring your own container — and fill up on cosmetics in Ann Arbor. Despite a labor shortage and a wave of resignations defining the first year after coronavirus […]

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Dana project planned for Napoleon

Projects recently approved by the Ohio Tax Credit Authority include one in northwest Ohio involving Dana, Inc., the Ohio governor’s office announced. Dana Light Axle Manufacturing LLC expects to create 175 full-time positions, generating $7.4 million in new annual payroll as a result of the company’s new project in Napoleon, the announcement stated. Dana Light […]

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New production facility expected to create 135 jobs in Defiance

The Regional Growth Partnership has announced a new $49-million Defiance manufacturing facility expected to start operations early next year. APackaging Group (APG), an Azusa, Calif.-based cosmetics packaging company, is expected to hire 135 people to produce up to 500 million plastic dispensing pumps for the health and beauty industries at the new facility, the Northwest […]

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GR, Wyoming, Kentwood seek development opportunities along South Division corridor

Planning officials in Grand Rapids, Kentwood and Wyoming hope a nearly completed study will help spur redevelopment along South Division Avenue after a highly touted bus rapid transit project failed to deliver on its economic development promises. Involving local residents and community leaders to share their vision for the future was a key aspect to […]

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Western Lucas County growth steady for decades

A housing community the size of Waterside Sylvania needs to be located on the outskirts or builders will run out of space. “This is the very edge of Sylvania Township,” said JP Ankney, co-owner of Gulfstream Development, as he walked along Windward Drive and Montauk Court within the Waterside Sylvania community. “That field over there is […]

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