Page 554 – Second Wave

New way to treat diabetes makes Kalamazoo firm a company to watch

By Newsroom

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April 22, 2010

Metabolic Solutions Development Company made this year's 50 Companies to Watch list. The distinction comes from Michigan Celebrates Small Business program of the Edward Lowe Foundation. MSDC is developing novel medicines for type 2 diabetes and other metabolic diseases using pharmaceuticals designed to more effectively treat type 2 diabetes without the side effects of current therapies. The award, which will be handed out April 29 at a ceremony in Lansing, recognizes companies deemed to embody the entrepreneurial spirit of Michigan. Winners are companies that have persevered through the initial startup stage and emerged as leaders. The judges are based in Michigan and come from the banking, economic development, entrepreneurship development and venture capital communities. "Our success is a direct result of the extensive experience of our founders, the insight of our investors, the extraordinary talent and hard work of our employees, and the wide-ranging network of outstanding business partners that we have brought together," says Robert Beardsley, CEO of MSDC. "This award is a special honor. Michigan has a great history in developing innovative metabolic disease therapies and we are proud to carry on that tradition here." PNC Bank is the lead underwriter for Michigan Celebrates Small Business, with additional underwriting support from Clark Hill PLC, Michigan Economic Development Corp., Michigan Certified Development Corporation, Accident Fund Insurance Company of America, Comcast Business Class, Comcast Spotlight and Dynamic Edge. Michigan Celebrates Small Business is presented in association with the Michigan Economic Development Corporation, Michigan Small Business & Technology Development Center, Small Business Association of Michigan, the U.S. Small Business Administration -- Michigan, and the Edward Lowe Foundation. Information about the 2010 Michigan 50 Companies to Watch program can be found at its Web site. For more information about Michigan Celebrates Small Business, visit its Web site. Writer: Kim North Shine Source: Nick Wasmiller, Seyferth & Assoc.

Derek Jeter devoted to Kalamazoo

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Education

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April 22, 2010

A recent USA Today story tells of Derek Jeter's commitment to his former hometown. Almost as famous for his good looks as his skills on the diamond, the New York Yankees captain and celebrity formed Turn 2 Foundation, which promotes positive lifestyles in kids and is run by his family, according to the story. Excerpt: Jeter's foundation focuses its efforts in New York, Tampa ... and Kalamazoo. It maintains a satellite office on the Western Michigan University campus and has awarded more than $3.5 million in grants in the area since its 1996 inception. "I don't care if I'm playing and living somewhere else," Jeter says at the Yankees spring training base in Tampa. "Michigan is where I grew up, and it's where I had my first foundation event. It's where I'll continue to keep the foundation going." Jeter, 35, comes to town about once a year, and his father, Turn 2 vice chairman Charles Jeter, tends to foundation business in town every couple of months. The 10-time All-Star surprised about 250 children when he showed up at the Turn 2 holiday party in December. Later, he and girlfriend Minka Kelly, a 29-year-old actress, dropped by his alma mater, Kalamazoo Central High School, to say hello to former teachers. Jeter said he usually makes a point to drive by his old home, a modest split-level that backs up to the school's athletic fields.For more on Jeter's foundation, including comments from Kalamazooans, read the entire story. Source: USA Today

WMU students support sustainability with their pocketbooks

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Economic Development

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April 22, 2010

Western Michigan University Students have volunteered to pay for something important to them: a campus culture focused on sustainability.Students led the way, asking for a referendum and then voting to approve a new $8 per-semester fee. The fee will generate an estimated $440,000 annually. It will be used to fund student-designed and student-led sustainability initiatives. It also will support a Sustainability Office, a green jobs program for students and student research.Details and logistics for distributing the funds have not yet been determined. To decide the best way to allocate the funds, a committee made up primarily of students will work with the President John Dunn's University-wide Sustainability Committee and Diane Anderson, the vice president for student affairs. The fee referendum appeared on a ballot in a March 15-19 general election sponsored by the school's elected student government organization, Western Student Association.Of those voting, 60 percent -- 1,002 students -- supported the fee, while 40 percent -- 662 students -- opposed it. Western Michigan University trustees have now gone on to give final approval. Writer: Kathy JenningsSource: Cheryl Roland, WMU

Stryker Corp. strikes $3-million deal with a Missouri company

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In The News

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April 22, 2010

Under an agreement reached with a Missouri company, Stryker Corp. of Kalamazoo will purchase neurosurgery devices and microsurgery tools, the Kalamazoo Gazette reports. The $3 million agreement was announced by Synergetics USA Inc., which the story says has agreed to sell Stryker its Omni line of products. Excerpt: "We believe the new strategic agreement with Stryker will be an important part in expanding our neurosurgery device sales," said David Hable, Synergetics' president and chief executive officer. Synergetics, a supplier of precision microsurgery instrumentation, has also said that it expects to increase its business with Stryker. For more on the deal, read the entire story. Source: Kalamazoo Gazette

Art Shop Too brightens downtown Battle Creek

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Development News

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April 22, 2010

Officials with the Art Center of Battle Creek are painting a brighter picture for downtown Battle Creek with the May 3 opening of a satellite gift shop and smaller exhibit area at 80 W. Michigan Avenue.Linda Holderbaum, executive director of the Art Center, says road construction in front of the organization's East Emmett Street location prompted the opening of the downtown shop and exhibit area, known as Art Shop Too.The shop will feature the work of 170 Michigan artists, some of whom live in the Battle Creek area.A reception on May 2 for downtown merchants to welcome their new neighbor will precede the opening to the general public the following day. Store hours are 11 a.m. to 5 p.m. Monday through Friday.Holderbaum says the move will enable patrons to avoid the road construction and make it easier for them to access the Art Center's shop. The move to the downtown is a temporary one, but there is no set date to leave the new site. A seven-block area of roadway along Emmett from Fremont Street to McKinley Avenue is scheduled to be closed until mid-September for street, sidewalk, water and sewer work.As part of a deal worked out between the Art Center and Battle Creek Unlimited, the arts organization will not pay rent for the previously vacant West Michigan Avenue property and will pay only those utility costs which go above what BCU previoulsy has paid to maintain the storefront.Holderbaum says downtown workers or those with a receipt from a downtown eatery will receive a 10 percent discount on gift shop purchases.For more information about the Art Center of Battle Creek, call (269) 962-9511 or visit their Web site. Writer: Jane ParikhSource: Linda Holderbaum, Art Center of Battle Creek

WMU to teach with planes that will offer commercial airline-like experience

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Development News

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April 22, 2010

Western Michigan University is calling its flight training program the most sophisticated in the collegiate world after entering a long-term partnership that will bring a new fleet of airplanes to student pilots and prepare them like no other school for commercial airline flying. WMU's College of Aviation partnership with Brown Aviation Lease Inc. and Avidyne Corp. of Lincoln, both out of Massachusetts, will have the college sending its current fleet of Cirrus aircraft to be retrofitted with new engines and flight deck avionics systems. Avidyne's Entegra II Release 9 flight deck avionics system is "a sophisticated new flight system that will give WMU flight students experience that is easily transferable to commercial aviation," says Cheryl Roland, WMU spokeswoman. For the past five years, WMU has leased a fleet of 26 Cirrus aircraft, Roland says. During the past two, the college has been involved in negotiations to trade the leased planes in for the next generation of Cirrus. The entire retrofit and fleet transition, valued at $8 million, includes the value of the airplanes, new engines and the new avionics. Dave Powell, dean of the WMU College of Aviation, says, "This is a tremendous deal and will allow us to offer our students the most advanced avionic system used in flight training anywhere. We'll continue to offer flight training equipment that keeps us four to five years ahead of every other program -- not just in this country, but in the world."Writer: Kim North ShineSource: Cheryl Roland, Western Michigan University

St. Joseph unleashes canine sculptures on the community

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Development News

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April 22, 2010

Sculptures of cows, frogs, cars, peacocks, tigers, bears and an array of other animals and objects have been painted by artists over the years in pursuit of public art that doubles as an economic development tool. Now St. Joseph is joining in the movement with its Hot Diggity Dogs Unleashed Art In St. Joseph display May 21 to Oct. 1. The idea is to dress up the city and have fun while drawing visitors to the beach and nearby businesses. Some 34 painted pooches by local artists will be posed about the city. Writer: Kim North Shine Source: Susan Solon, Communications and Marketing, City of St. Joseph

Bank builds second branch in Kalamazoo area

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Economic Development

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April 15, 2010

First National Bank of Michigan has broken ground on its second branch in the Kalamazoo area.Heavy equipment is at the site at 5313 West Main in Oshtemo Township in preparation excavation needed before laying of the foundation, says John Schreuder, First National Bank of Michigan Chairman and CEO.The bank branch will be a 3,200-square-foot office and will employ up to six people, Schreuder says. Some of the positions will be new and other employees will come from the bank's other locations. Schreuder anticipates the new branch office will open by Labor Day.First National Bank was encouraged to pursue a second branch based in part on its success with its Portage office, Schreuder says."When we expanded into Portage we found a good reception in the south county market. We thought the west side would be another good spot to expand."The decision to build the new branch was clinched when Martha Betke agreed to lead the new office, Schreuder says. "Buildings are nice, but the real indicator of success is people. Especially in banking. People like to bank with people they know and Martha Betke is well-known. People have worked with her for years."Before joining First National Bank, Betke was a senior vice president for National City Bank.First National Bank of Michigan also celebrated its fourth year in business this week."April 13, 2006, we opened our office downtown and we've had a good response from opening day."Schreuder attributes that to the bank's willingness to work closely with local small business owners."We got into this business because individual small business owners wanted to know the people who were making the decisions at the bank. Then if their request is denied they have someone to talk to, someone who can help them understand why the decision was made."Four years later, we're still convinced it's good business to serve the small business owner. We work with individuals in a way that they know we understand their business." Writer: Kathy JenningsSource: John Schreuder, First National Bank of Michigan

Promising companies aim to pair up with funders

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Development News

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April 15, 2010

Two Kalamazoo companies will soon pitch products and plans to venture capitalists looking to invest their money.RealBio Technology, Inc., a company working to develop a better system for growing cell cultures, and Vestaron Corp., a developer of innovative pesticides from snake venom, have been asked to be part of the Michigan Growth Capital Symposium, May 11-12, in Ypsilanti, Mich. The symposium invites leaders in the venture capital investment world to connect with entrepreneurs, startups and emerging growth companies that are actively searching for partners and funding. The event will host more than 400 attendees and 65 investment firms. The 32 emerging and growth business ventures slated to present made it through a rigorous screening process. The businesses seeking capital that would take them to the next level come from the areas of life sciences, energy, IT and technology.At Vestaron, scientists are unlocking the mystery of how spiders kill insects -- work that is leading to a new generation of insecticides. So far, more than 50 unique insecticidal spider peptides have been identified. A patented technology, exclusively licensed to Vestaron, has proven highly effective against insects and related pests and harmless to non-target species, including humans. Target markets include agriculture, animal health and specialty non-crop uses such as household insects. RealBio has developed a new cell culture that allows human stems cells to grow and be maintained for more than a year. Stem cells also can be harvested for the same amount of time without adverse affects. RealBio's technology can be tailored to culture numerous tissue types.Overall, RealBio's Culture System promotes the growth, function, and harvest of a variety of human and animal cells for use in a range of research, study and production applications.Writer: Kathy JenningsSource: Jean Serra, Michigan Growth Capital Symposium

International Keyboard Festival tunes up Southwest Michigan

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Development News

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April 15, 2010

The Irving S. Gilmore International Keyboard Festival opens the piano lid April 17 and doesn't close it again until May 8.In between, Kalamazoo becomes the place for all things piano. There's classical, jazz, chamber music, the ever unpredictable fringe events (a harpsichord performance and piano improv are two this year) and the many collaborations between pianists and a variety of vocalists.Concerts and recitals are the main attraction during the 22-day event, but there also are keyboard education master classes and pre-concert talks where the music is illuminated for the audience. Plus there are piano-themed films.The festival brings music lovers from across the nation and the world to Kalamazoo and shines a spotlight on the depth of the area's cultural offerings.Keyboard Festival events also take place in Allegan, Battle Creek, Grand Rapids, Richland, Three Rivers, Vicksburg and Zeeland. Ticket prices vary depending upon the event and range form $12 to $50.One of the most prestigious honors for pianists, the Gilmore Artist Award, is presented every four years on a non-competitive basis. Pianists never know that they are being considered for the award and all observations of a pianist's performances leading up to their selection are conducted in secret.The 2010 Gilmore Artist Kirill Gerstein takes the stage at 8 p.m. May 3 in Chenery Auditorium, 714 S. Westnedge Ave., in Kalamazoo, and again for the festival's closing May 8 at the Festival Gala Concert for a performance with the Kalamazoo Symphony Orchestra, also at Chenery Auditorium.Born in Voronezh, in southwestern Russia, Kirill Gerstein studied piano at a special music school for gifted children and taught himself to play jazz. He came to the U.S. at 14 to continue his studies in jazz piano at Boston's Berklee College of Music. He also continued to study classical piano repertoire. Following two summers at the Boston University Young Artist program at Tanglewood, Gerstein moved to New York City. There he studied with Solomon Mikowsky at the Manhattan School of Music. By the age of 20 he earned both his Bachelors and Masters of Music degrees. Now 30 years old, he peforms with esteemed orchestras and conductors and in recitals throughout the world.The Gilmore Artist receives a $50,000 cash grant to be used at the artist's discretion and $250,000 typically disbursed over a four-year period for projects and activities that will enhance the artist's musicianship and career."Over the past ten years we have observed Kirill Gerstein develop into one of the most compelling and profound musical artists of his generation," said Daniel Gustin, festival director. "He is the epitome of what we seek in the Gilmore Artist -- a musical thinker and performer who will continue growing and who can, and we believe will, attain a career as a major concert pianist for the 21st Century."Writer: Kathy JenningsSource: Daniel R. Gustin, festival director