Pete Daly

Pete Daly

Pete Daly is a Grand Rapids Business Journal staff reporter who covers small business, banking and finance, food service and agriculture and government. Email Pete at pdaly at grbj dot com. Follow him on Twitter @PeteDalyGR

ARTICLES

Gun Lake Casino wins in federal court

July 3, 2015
(As seen on WZZM TV 13) David Patchak, the former Wayland Township trustee who has been waging a personal court battle against Gun Lake Casino since 2008, has lost in federal court again. Read More

State’s Blight Elimination fund targets Club Tequila

Kent County Land Bank has $50K grant to demolish the old South Division joint.

July 3, 2015
Happy hour ended at Club Tequila at 719/725 S. Division Ave. in Grand Rapids back in 2010, which up to then had been the site of 120 crime reports filed with police since 2008. Read More

Kent passes financial audit with ease

The independent report comes back ‘very, very clean’ for such a large organization.

July 3, 2015
The annual state-mandated independent auditor’s report on Kent County government’s finances is a “voluminous document,” according to Steve Blann of Rehmann Robson LLC, which produced the report comprised of more than 200 pages. Read More

Global factors shrink Kent recycling revenue

Haulers bringing in household recyclables will have to pay to dump them.

July 3, 2015
Over the last 25 years, the Kent County Department of Public Works has taken in and processed more than 300,000 tons of recyclable material — plastic jugs and containers, tin cans and aluminum cat food cans, newspapers and other paper, glass bottles and jars — at no cost to the commercial trash haulers who bring it in along with their customers’ non-recyclable trash. Read More

Planning the Michigan marijuana industry

Three groups have competing ideas for a legal pot industry in the state.

June 26, 2015
Three organizations — only one of which is revealing its financial backers at this point — claim to be working on plans for the commercialization of fully legalized recreational marijuana in Michigan. Read More

‘Payday’ loans aren’t loans under Michigan law

They are not subject to the legal limits on loan interest rates in Michigan.

June 26, 2015
The so-called payday lenders in Michigan are subject to state law and regulated by the Michigan Department of Insurance and Financial Services, but they are not subject to the legal maximum interest rates established by state law. Read More

Attorney General claims Western Sky borrowers due refunds

Approximately 17,500 in Michigan borrowed from the online lender at interest as high as 300 percent.

June 26, 2015
Michigan’s Department of Insurance and Financial Services is asking the Michigan Credit Union League and other trade associations in the Michigan financial sector to help make sure their members know about refunds that may be due them from Western Sky Financial LLC. Read More

Fifth Third trims branches

Internet, mobile apps are triggering changes at banks and credit unions.

June 26, 2015
Fifth Third Bancorp in Cincinnati has announced it will move forward on its “expected” changes to its branch network — namely, the consolidation or sale of about 100 branches, as well as the sale of about 30 properties it had purchased previously for future branch expansion. Read More

Export economic development tool is down to the wire

The deadline for reauthorization of the federal Export-Import Bank is Tuesday.

June 26, 2015
Tomorrow’s expiration of the federal Export-Import Bank’s charter — if Congress does actually let it happen — will have “an impact right here in the Grand Rapids area,” according to U.S. Sen. Gary Peters, D-Michigan. Read More

Regional airport authority OK’d by Legislature

Kent County commissioners now must work out details of the independent authority.

June 26, 2015
The proposed regional airport authority to run Gerald R. Ford International Airport is definitely moving forward, but it still has a long runway ahead. Read More