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State representative from Warren resigns to take Macomb County treasurer post
Robert Snell - State Rep. Derek Miller, D-Warren, resigned Monday and will be sworn in as Macomb County treasurer, replacing the late Ted Wahby, who died in December. "Serving the people of my...
View ArticleAmherst Partners recruits Gary Lewis to head new capital-raising group
Tom Henderson - Amherst Partners LLC, an investment banking firm in Birmingham, has recruited Gary Lewis as a partner to head its new capital-raising group. The group will help clients raise between...
View ArticleQuicken launches its first personal loans program
Associated Press - Online mortgage lender Quicken Loans Inc. is expanding into the personal loan business. The Detroit-based company this week launched RocketLoans, an online service offering cash...
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Financing finalized for $65 million The Scott at Brush Park apartment...
Kirk Pinho - The financing package has been finalized for an under-construction multifamily development with 199 apartment units in Detroit that is expected to be complete by the end of the year. The...
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Lansing power brokers: Law firms, others strengthen their lobbying corps
Lindsay VanHulle - LANSING — At times during the past few years, leaders of the Detroit Institute of Arts regularly invited Michigan lawmakers to tour the museum.The invitations were strategic. In...
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Why investor Wilbur Ross Jr. is bullish on Detroit
Tom Henderson - What might have seemed counterintuitive to the rest of the M&A world — investing almost $50 million in a single-branch bank in Michigan in 2010, as banks around the country were...
View ArticleState to hold series on new federal crowdfunding rules for entrepreneurs
Gary Anglebrandt - Michigan’s Department of Licensing and Regulatory Affairs has scheduled a series of seminars and webinars on some of the more complicated and obscure regulations governing capital...
View ArticleWorkers find retirement expectations and reality don't always match
Adam Allington Associated Press - Earl Johnston was 12 when he got his first job, a paper route that he quickly expanded by "buying out" additional routes from other, less industrious boys. After high...
View ArticleLetter: Blame politicians, not bankers, for housing mess
Editor: In a Feb. 8 Crain's Detroit Business column, Publisher Mary Kramer advocated seeing the movie "The Big Short" to better understand the mortgage meltdown of 2008. She interviewed a prominent...
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Which presidential candidates do Michigan business leaders support?
Crain's Detroit Business - A sampling of Michigan business and government leaders who gave the maximum individual contribution ($2,700)* to presidential candidate campaigns. (Read our analysis of the...
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Old money, new direction: State's major givers target candidates in crowded...
Lindsay VanHulle - LANSING — Michigan loves Jeb Bush. Until recently, the former Florida governor was the top fundraiser of all presidential candidates in the state, regardless of political party,...
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Level One may consider IPO after growth to $1 billion level
Tom Henderson - Now that Farmington Hills-based Level One Bancorp Inc. has become a billion-dollar bank, it is time to consider an initial public offering, says President and CEO Patrick Fehring.A...
View ArticleJunior Achievement sets sights on larger role with broader engagement
Detroit-based Junior Achievement of Southeastern Michigan has been empowering young people to own their economic futures by providing robust, real-world financial literacy, workforce readiness and...
View Article3,600 high school students to attend career development event in Detroit
Marti Benedetti - About 3,600 high school students from across the state will head Friday to Michigan DECA’s 70th Annual Career Development Conference at Cobo Center in Detroit. The conference, which...
View ArticleChassix's return to profitability: Plant that sent company spiraling getting...
Dustin Walsh - A year after filing for Chapter 11 bankruptcy, Southfield-based Chassix Inc. is inching closer to fixing the plant that almost single-handedly sent it spiraling into insolvency. The...
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Southfield accounting firm president Kevin McKervey dies
Tom Henderson - Kevin McKervey, the president of the Southfield–based accounting and consulting firm Clayton & McKervey PC, died Sunday at age 61. A cause of death was not disclosed.McKervey is...
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Greenpath Debt Solutions names Holt CEO; former chief sues over severance
Marti Benedetti and Chad Halcom - United Way executive Kristen Holt has been named president and CEO of Farmington Hills-based Greenpath Debt Solutions Inc. on the heels of her predecessor at...
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Huron Capital adds another dental practice
Tom Henderson - Detroit-based Huron Capital Partners LLC has added another dental practice to its dental platform company of Spring & Sprout Dental Holdings Inc., the second addition in four...
View ArticleS&P lowers outlook on Michigan debt, citing cost pressure from Flint, DPS
Lindsay VanHulle - LANSING — Looming financial emergencies in Flint and the Detroit Public Schools have caused Standard & Poor’s to lower its outlook on Michigan’s outstanding debt. The ratings...
View ArticleFinancing programs fund energy efficiency projects in Michigan
Jay Greene - Powers Distributing Inc. in Orion Township has saved an average of $2,000 per month on electricity by installing a rooftop solar panel array and investing in LED lighting and other...
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