Farmington - Partner City

Level One Bank adds 50 to its staff, focuses on small biz lending

The need for small business lending has become a rallying cry for the economic activist set in Metro Detroit ever since the recession set in three years ago. One Farmington Hills-based bank is growing at an exponential rate by meeting that need. Level One Bank has watched its small business lending shoot up 32 percent over the last year and it made the Michigan 50 Companies to Watch list. That growth has allowed it to hire 50 people since last June, expanding its workforce to 110 employees and a handful of interns. "There are not many locally owned banks in the market here," says Patrick Fehring, president & CEO of Level One Bank. "It's important to have local banks so they can provide capital to local small businesses." Level One Bank mainly deals with small businesses for its customer base. It has watched its business deposits increase 18 percent over the last year and it has started a residential loan program, which Fehring says has proved to be "robust." He expects that program and the bank's small business lending to continue to grow, allowing its overall operations to jump 15 percent over the next year. "We see that trend continuing," Fehring says. "The economy here is doing much better." Source: Patrick Fehring, president & CEO of Level One Bank Writer: Jon Zemke Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Panasonic sets up R&D center – and 60 jobs – in Farmington Hills

A Motorola facility in Farmington Hills has been vacant since it closed four years ago. Soon, however,  it will be filled with the sounds of engineers and other employees researching and developing new ways for drivers to interact with automotive sound systems. The Panasonic Automotive Systems Co. of America will hire 60 full-time employees initially, says Teri Arbenowske, economic development director for the city of Farmington Hills, and as time goes on more will be added. The Japanese electronics company has leased 90,000 square feet of space, previously used by Motorola, in a corporate park in the 12 Mile and Halstead area. Mercedes Benz and Greenpath are located in the same corporate park. It is renovating the space, where engineers will research and develop human machine interfaces, vehicle sound systems and electronics for electric/hybrid vehicles. "This will be work with advanced software, testing of vehicle sound systems. The exciting thing about this is the number of jobs and the type of jobs," Arbenowske says. The state awarded Panasonic a $500,000 Business Development Program incentive to expand its Southeast Michigan operations, according to the Michigan Economic Development Corp. It says the company is investing $8.16 million to establish the research and development center. The city is has also approved tax abatements for the project. "They're looking for high tech jobs, skilled engineers," Arbenowske says. "That's what we really need in Michigan, is to bring more engineers in to develop new products…A lot of our grads leave Michigan and we need companies that can keep that talent here." Mayor Barry Brickner shared his excitement over the company's arrival in a statement: "Farmington Hills is thrilled to welcome Panasonic Automotive Systems of America to our City. Panasonic will provide jobs and will create excitement and growth in the business community.” Source: Teri Arbenowske, economic develop director, city of Farmington Hills Writer: Kim North Shine

Logicalis creates 35 new IT jobs in Farmington Hills, Michigan

Logicalis isn't just simply Logicalis anymore. Or maybe it's three time the Logicalis it once was. The Farmington Hills-based IT firm has organized itself into more locally oriented business units after it acquired NetArx last year. Each of these three units focuses on its region, so two units focus on Michigan and Arizona, and the third oversees the smaller regional offices across the U.S. "It drives down more accountability to local geography," says Greg Baker, CFO of Logicalis. "That way we're not plain vanilla across the U.S. and can customize more for our customers." That has led to more growth for the 14-year-old firm. It has increased its Michigan presence, mainly focused in Metro Detroit, to 270 employees and 12 interns. That's after it hired 35 people here over the last year. Logicalis has also watched its revenue spike five percent as it has become the second largest IT company in Michigan. "I see us continuing to take market share and create an atmosphere that is attractive in our space," Baker says. Source: Greg Baker, CFO of Logicalis Writer: Jon Zemke Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

DIA brings art to the streets of metro Detroit communities

Art is in the streets, outside libraries, shops, restaurants, city offices, churches, banks, coffee shops, parks and many other outdoor spaces as the Detroit Institute of Arts expands its Inside/Out art project to more metro Detroit communities. Now in its third year, the project is a way to promote art - all reproductions from the DIA's collection - while creating the reciprocal benefit of drawing visitors to the DIA to see them in person. The DIA has arranged free admission on set Sundays for residents of the communities where the outdoor art is displayed. There are 80 works can be found in the cities of Clarkston, the Bloomfields, Eastpointe, Roseville, Farmington, Farmington Hills, the Grosse Pointes, Mount Clemens, Southfield, Taylor, Wayne and Wyandotte. Click here for locations. The Inside/Out project is in third year, and besides installing the pieces of art outdoors it is cluster the works so that they are within walking or biking distance, generating pedestrian traffic through the communities with the open air galleries. The DIA is working with the communities to plan bicycle and walking tours. Source: Detroit Institute of Arts Writer: Kim North Shine

TM Group expands staff in Farmington Hills

TM Group is preparing to consolidate its staff in Farmington Hills into a bigger space that will allow the software company to continue its growth. The 28-year-old firm was at 25 people two years ago and has now grown to a staff of 36. Of those employees, five were hired in the last year. TM Group plans to expand its staff to 40 people over the next year. To accommodate that growth, it is consolidating two office suites in one building into a single bigger office space in a new building about a mile away. "We're increasing our space by about 20 percent," says Ken Jacobsen, director of sales & marketing for TM Group. "We're moving into a suite that is about 7,000 square feet. We wanted to get everyone into one suite." Jacobsen expects his firm to continue its current growth streak as it adds more products to its portfolio. The company is also looking to fuel its growth through more Internet marketing and expansion into new business verticals. "We're planning on growing our practice with integrated marketing," Jacobsen says. Source: Ken Jacobsen, director of sales & marketing for TM Group Writer: Jon Zemke Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Yessian: Making Music You Can’t Get Out Of Your Head

From jingles to mash-ups, family-owned Yessian Music in Farmington Hills has been creating soundtracks for commercials, theme parks, movies, and high profile events for 40 years. This year's Super Bowl, which boasted five different ads with their work, demonstrates the ever-growing global reach of this homegrown firm.

Sports Official Source turns rec-league refs into growing biz

Ramil Elicanal found his entrepreneurial calling while organizing a basketball recreation league. He noticed that finding referees was the most challenging part of his job, which prompted him to create a solution for this niche market, Sports Official Source. "I had the darnedest time finding referees to work our games," says Elicanal, president & founder of Sports Official Source. Soon he was turning this problem into an opportunity, figuring out the pros outweighed the cons of starting his own business that provided referees and umpires to amateur sports. That was four years ago. Today Elicanal's moment of inspiration is a Farmington Hills-based company that employs three people. It brought on two people last year and now works with more than 250 leagues and is looking to expand into private and middle schools across the country. "We're growing so rapidly," Elicanal says. So much so that Elicanal expects to take Sports Officials Source from a virtual company run from his home to its own office in Royal Oak. Elicanal grew up in Royal Oak and likes how the city has evolved. "The way the city has grown up is marvelous," Elicanal says. Source: Ramil Elicanal, president & founder of Sports Official Source Writer: Jon Zemke Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Beringea adds 26th start-up to InvestMichigan! portfolio

The InvestMichigan! Growth Capital Fund portfolio keeps getting bigger, adding one more company last week and setting its sights on more for later this year. "You can expect to see some more action from the fund," says Michael Gross, managing director of Beringea. The $185 million mezzanine fund, which is co-managed by Beringea and Credit Suisse, has invested in 26 growing companies in the Great Lakes State. The latest is a $2.5 million investment in a Series A venture capital round worth a total of $9.9 million for Molecular Imaging made by Beringea. The Ann Arbor-based start-up provides in vivo pre-clinical imaging services for pharmaceutical, biotechnology and medical devices industries. "We think this is a segment of the market for a focused player to emerge," Gross says. The InvestMichigan! Growth Capital Fund is made up of institutional investors such as the State of Michigan Retirement Systems and Municipal Employees Retirement System of Michigan. The fund invests in early stage and mature companies that are either headquartered in or moving to Michigan, or have a significant workforce in the state. Source: Michael Gross, managing director of Beringea Writer: Jon Zemke Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Farmington Hills biz behind $1B 5-Hour Energy

Put this in the "Betcha didn't know" column. Living Essentials, the company that makes the 5-Hour Energy drink (and has sued out of existence the 6-Hour and 8-Hour Energy copycats) is a billion-dollar company in our own backyard. That's right, billion -- with a "b". Excerpt: "The privately held Living Essentials doesn’t report revenue or profits, but a source with knowledge of its financials says the company grossed north of $600 million last year on that $1 billion at retail. The source says the company netted about $300 million. Checkout scan data from research firm SymphonyIRI say that 5-Hour has 90% of the energy-shotmarket. Its closest competitor, NVE Pharmaceuticals’ Stacker brand, has just over 3%. Yet Bhargava, 58, is so under the radar that he barely registers on Web searches. His paper trail is thin, consisting primarily of more than 90 lawsuits. This is his first press interview. “I’m killing it right now,” he says, adjusting a black zip-up cardigan from behind the table of a soulless conference room in a beige low-rise building in a suburban business park in Farmington Hills, Mich. “But you’ll Google me and find, like, some lawyer in Singapore.” Read the rest here.

LTU students re-imagine a struggling suburban shopping center

A project by students at Lawrence Technological University in Southfield has focused on how to revive one struggling corner of a major intersection at 8 Mile and Grand River, just one of many examples of shopping centers that have gone dark as population and business has shifted to outlying suburbs. The intersection is a meeting point of Detroit, Livonia, Farmington Hills and Southfield. In conceptualizing how the corner would be best re-used, the students working under the direction of Ralph Nunez and Mark Nickita decided to connect a new development to Botsford Hospital in Farmington Hills. They also decided to make the river that runs west of the property one focal point, rather than a hidden, missed opportunity. "The shopping center there has basically gone dark," except for one restaurant, the Nibble Nook, Nunez says. Along with Nickita, who is also mayor of Birmingham and an architect and urban planner, Nunez took suggestions for sites to redevelop from the 8 Mile Boulevard Association, a nonprofit focused on revitalizing the mile road that splits Detroit from the suburbs. The university and the association have worked together in the past, bringing students real-life situations to learn from and giving the community a potential real-world revitalization. Ideally, such projects could be put into practice, eliminating the ramp-up time and expenses of pre-planning for professional redevelopment. James R. Smith, corporate director of planning & business development for Botsford Health Care, was among the jurors who critiqued the final concepts designed by the 12-14 students. The students, playing architects, city planners, market researchers and more, had to determine whether to demolish what's there and start over, to completely renovate and work with the building now there or redevelop the property with a combo of demolition and renovation. They chose the last approach. They designed plans with consideration for pedestrian use, parking, amenities to attract workers from the hospital or nearby businesses, and more. They decided to dedicate a portion for senior housing and make the rest professional offices, retail, and physical therapy practices. In addition, they wanted to build on the work of nearby cities to make the river more of a useful attraction, Nunez says. Tami Salisbury, executive director of 8 Mile Boulevard Association (8MBA), says the proposals, which included reconfiguring roads to join the property to the medical center, were impressive. Salisbury and Smith, from Botsford, were jurors on the proposals. 8MBA provided potential project locations for the students. The organization has also worked with other universities. "We're a nonprofit so the price is right," she says. "And what's nice is students come to us with a fresh perspective and new thinking." While development money is tight, she says, "the next step is to put our heads together so we can make the students' vision a reality." Source: Ralph Nunez, adjunct professor, Lawrence Technological University, and Tami Salisbury, executive director, 8 Mile Boulevard Association Writer: Kim North Shine

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