News Summary UFP Industries, Inc. announced its second-quarter earnings revealing a profit of $100.7 million, falling short of analysts’ expectations. Despite the disappointing earnings, the company experienced strong revenue growth...
News Summary Grand Rapids is set to welcome a new Dunkin’ doughnut location as part of a franchise expansion plan that includes two upcoming sites in nearby Grandville and Kentwood....
News Summary Elegance Wigs, a long-standing wig retailer in Downtown Grand Rapids, is set to close after over 30 years of service. Owned by Yong Cho, the store has provided...
News Summary Three major housing developments in the Grand Rapids area have been granted a total of $78.9 million in loans by the Michigan State Housing Development Authority. These projects...
News Summary Independent Bank Corp. has delivered impressive second-quarter earnings of $16.9 million, exceeding analysts’ forecasts. However, the bank’s revenue fell short of estimates at $78.2 million, despite a year-over-year...
News Summary CWD Real Estate is initiating a significant renovation of the Fifth Third Bank building in downtown Grand Rapids, converting office spaces into residential apartments. This project aims to...
News Summary The New Community Transformation Fund (NCTF) has announced new investments in four minority-owned businesses, reflecting its ongoing commitment to diversity and economic growth in Michigan. The invested companies...
News Summary Plans are underway in Grand Rapids for the demolition of a vacant grocery store, previously known as Duthler’s, to make way for a new mixed-income apartment complex. The...
News Summary Mercantile Bank Corp. has reported a net income of $22.6 million for the second quarter of 2025, exceeding Wall Street expectations. The bank plans to acquire Eastern Michigan...
News Summary UFP Industries, Inc. announced its second-quarter earnings revealing a profit of $100.7 million, falling short of analysts’ expectations. Despite the disappointing earnings, the company experienced strong revenue growth...
News Summary Independent Bank Corp. has delivered impressive second-quarter earnings of $16.9 million, exceeding analysts’ forecasts. However, the bank’s revenue fell short of estimates at $78.2 million, despite a year-over-year...
News Summary The New Community Transformation Fund (NCTF) has announced new investments in four minority-owned businesses, reflecting its ongoing commitment to diversity and economic growth in Michigan. The invested companies...
News Summary Mercantile Bank Corp. has reported a net income of $22.6 million for the second quarter of 2025, exceeding Wall Street expectations. The bank plans to acquire Eastern Michigan...
News Summary CertifID, a wire fraud protection platform based in Grand Rapids, secures $47.5 million in Series C funding. The investment aims to enhance capabilities in identity verification, transaction monitoring,...
News Summary Grand Rapids Public Schools has announced the elimination of 25 positions due to severe budget constraints exacerbated by rising living costs. Superintendent Leadriane Roby communicated these challenges in...
News Summary Grand Rapids is implementing a two-year Micro Local Business Enterprise (MLBE) Bonding Pilot Program to enhance the bonding capacity of certified small construction businesses. Designed to help emerging...
News Summary TerrAscend Corp., a leading cannabis company, will exit the Michigan market by closing 20 dispensaries and four cultivation facilities due to financial challenges. This decision will lead to...
News Summary Grand Rapids is gearing up for significant urban development with several projects under review, including a mixed-use development and a 72-unit apartment complex on Ball Avenue NE. The...
News Summary UFP Industries, Inc. announced its second-quarter earnings revealing a profit of $100.7 million, falling short of analysts’ expectations. Despite the disappointing earnings, the company experienced strong revenue growth...
News Summary Three major housing developments in the Grand Rapids area have been granted a total of $78.9 million in loans by the Michigan State Housing Development Authority. These projects...
News Summary CWD Real Estate is initiating a significant renovation of the Fifth Third Bank building in downtown Grand Rapids, converting office spaces into residential apartments. This project aims to...
News Summary Plans are underway in Grand Rapids for the demolition of a vacant grocery store, previously known as Duthler’s, to make way for a new mixed-income apartment complex. The...
News Summary Grand Rapids is implementing a two-year Micro Local Business Enterprise (MLBE) Bonding Pilot Program to enhance the bonding capacity of certified small construction businesses. Designed to help emerging...
News Summary Two housing developments, Alpine Senior Apartments and Union Suites on Coit II, have received low-income housing tax credits in Grand Rapids. Additionally, Gaines Township is considering two new...
News Summary Woodchuck, a Grand Rapids-based startup, is transforming wood waste into renewable energy using AI technology. Their biomass processing facility, opened in May, aims to tackle the 41 million...
News Summary Grand Rapids is experiencing a critical shortage of industrial real estate, with vacancy rates dropping to 2.9%, well below the national average of 6.8%. The demand for industrial...
News Summary Construction has commenced for a new restaurant at Green Ridge Square shopping center in Walker, Michigan. Located at 3130 Alpine Ave. NW, the addition is aimed at enhancing...
News Summary Small businesses in Grand Rapids and Muskegon can apply for a grant package through the Comcast RISE program, which has allocated $3 million to support their growth. The...
News Summary Michigan Governor Gretchen Whitmer has unveiled $1.49 million in grants for 63 local businesses under the state’s ‘Match on Main’ program. This initiative aims to support small businesses,...
News Summary The planned $55 billion semiconductor manufacturing facility by SanDisk in Mundy Township, Michigan, has been canceled due to significant uncertainty surrounding federal economic policies and tariffs. This decision,...
News Summary Black homeownership in Michigan faces significant challenges, with mortgage denial rates exceeding 20% for Black applicants in Grand Rapids and Detroit. A recent LendingTree analysis shows that the...
News Summary Michigan is witnessing notable demographic shifts in 2025, with residents relocating mainly within the Midwest and a surprising influx into Detroit. U-Haul’s analysis indicates that summer moves account...
News Summary A report from the National Low Income Housing Coalition highlights a growing housing crisis for Michigan renters, with the income needed for a two-bedroom apartment rising to $24.46...
News Summary Nearly 48,000 Michiganders are set to receive $34 million in retroactive unemployment payments following a review by the Michigan Unemployment Insurance Agency. The payments result from legislation that...
News Summary Michigan’s marijuana market is experiencing a downturn, with sales dropping by 4.2% statewide in June, following a period of growth since legalization. The average retail price for cannabis...
News Summary In a pivotal move, Michigan Governor Gretchen Whitmer signed a law providing nearly 48,000 residents with retroactive unemployment payments totaling about $34 million. Effective January 1, 2024, weekly...
News Summary Sheetz is set to celebrate the grand opening of its second store in Michigan on July 22, 2025. Located at 29225 Smith Road in Romulus, the event will...