DBusiness Daily Update: Future of Health: Detroit Announces Partners to Manage Home Repair, Rental Funding Sleeve, and More

Future of Health: Detroit Announces Partners to Manage Home Repair, Rental Funding Sleeve

The Future of Health: Detroit development partners — Henry Ford Health, Tom Gores and the Detroit Pistons, and Michigan State University — identified today two nonprofit organizations that will administer a $2.5 million sleeve of funding dedicated to home repair and rental assistance for neighboring residents of the new Future of Health development anchored by a new hospital, residential, commercial, and related facilities.

The funds are part of an estimated $604 million in community benefits associated with the development plan.

Central Detroit Christian Community Development Corp. will receive and administer $2 million in connection with the home repair funding benefits, distributed over five years. Black Family Development Inc. will receive $500,000 distributed over five years as a part of the rental assistance funding benefits.

The funding will coincide with commencement of construction for the initial residential project, scheduled for 2025. The development team, in collaboration with its newly selected nonprofit partners, will coordinate efforts to establish and publicly message programs and mechanisms for distributing funds to eligible homeowners and renters in the impact area.

The selections were made by the Future of Health Development team after research and consultation with the Neighborhood Advisory Council and the City of Detroit Housing and Revitalization Department.

Henry Ford Health, Tom Gores and the Detroit Pistons, and MSU announced the Future of Health partnership in February 2023. It represents a community development and investment of $3 billion over the next decade aiming to positively transform Detroit’s New Center neighborhood into a vibrant, walkable community with state-of-the-art health care, residential, commercial, retail and recreational components.

The development will be anchored by a major expansion of Henry Ford Hospital that features a new more than 1 million-square-foot facility and patient tower. It also includes a new, cutting-edge medical research facility for Henry Ford Health + Michigan State University Health Sciences, part of the two organizations’ 30-year landmark partnership.

For more information on the Future of Health development, visit futureofhealthdetroit.com .

ChoiceOne Financial Services in Sparta Merges with Fenton’s Fentura Financial

ChoiceOne Financial Services Inc. in Sparta, north of Grand Rapids, and Fentura Financial Inc. in Fenton, announced the signing of a merger agreement in which ChoiceOne and Fentura will merge in an all-stock transaction. The agreement was unanimously approved by the boards of directors of both companies.

Once completed, the combination will create the third largest publicly traded bank in Michigan with approximately $4.3 billion in consolidated total assets and 56 offices in western, central and southeast Michigan. The proposed transaction is expected to close in the first quarter of 2025, subject to the satisfaction of customary closing conditions, including receipt of approval from Fentura and ChoiceOne shareholders and receipt of all necessary regulatory approvals.

Under the terms of the merger agreement, each share of Fentura common stock outstanding immediately prior to completion of the merger will be converted into the right to receive 1.35 shares of ChoiceOne common stock. The proposed transaction is valued at $40.18 per share of Fentura common stock, or approximately $180.4 million in the aggregate, based on the closing price of ChoiceOne’s common stock of $29.76 on July 24, 2024.

Gordie Howe International Bridge Deck Connected

Texas-based Fluor Corp. and its partners Wednesday celebrated the deck connection of the Gordie Howe International Bridge spanning the Detroit River. Measuring a half-mile, the bridge connects Windsor, Ontario and Detroit. It is the longest cable-stayed bridge in North America and 10th longest in the world. The bridge also has the distinction of being the longest composite steel and concrete decked cable-stayed bridge in the world.

Bridging North America (BNA), a joint venture between Fluor, ACS Infrastructure Canada, and Aecon Group Inc., are building the bridge for Windsor-Detroit Bridge Authority (WDBA).

Construction began in 2018 from both sides of the river and culminated with an intricate, four-week, multi-step, precision process that included the placement and removal of temporary bents, and the installation of the final steel girders, beams, panels, and precast concrete.

“The team has worked incredibly hard since 2018 to achieve this important project milestone,” says Shawn West, president of the Fluor infrastructure business. “The connection of this iconic bridge serves as a testament to our dedication and perseverance to build safe and reliable infrastructure. This bridge will soon serve as a major gateway between Canada and the United States.”

While the main focus of construction has been on the bridge deck, progress also is being made on the ports of entry in Canada and the United States, as well as the connection to I-75.

When completed, the bridge will include six lanes of traffic, two ports of entry, a multi-use path, a new interchange at I-75 with four new road bridges, five pedestrian bridges, and four interchange ramps connecting I-75 to the U.S. Port of Entry.

The Gordie Howe International Bridge is scheduled to open in the fall of 2025.

Upon completion, Fluor and ACS will operate and maintain the facility for 30 years for the WDBA.

One Detroit Credit Union to Open New Inkster Branch This Fall

One Detroit Credit Union will be serving the Inkster community when a mini bank branch opens this fall.

The mini branch aims to bring banking services closer to residents by being nestled inside the city’s community hub, the Booker Dozier Recreation Center located at 2025 Middlebelt Road in Inkster. The branch will serve as a full-service financial center providing financial solutions to the City of Inkster and surrounding communities.

“We intend to become an active community partner and fully support and develop products that meet the specific needs of Inkster residents,” says Portia Powell, chief experience officer of One Detroit Credit Union. “Our commitment extends beyond just offering financial services; we plan to be deeply involved in the Inkster community by forming partnerships that foster financial wellness and prosperity for everyone. Through our initiatives, we aim to empower individuals, support local businesses, and contribute to the overall economic growth and stability of the area.”

The new mini branch will feature state-of-the-art technology and a welcoming environment designed to meet the evolving needs of today’s banking customers. With a focus on accessibility and efficiency, the mini branch will provide a range of services.

AI Powers Viewing Experiences for Graham Media Group in Detroit

New York-based AnyClip is partnering with Graham Media Group in Detroit, which is known for its innovative approach to television broadcasting and digital media. The collaboration could revolutionize video content management and viewer engagement across Graham Media Group’s extensive media outlets.

The collaboration leverages the full suite of AnyClip’s AI-powered products, improving workflow efficiencies, user engagement, and revenue generation. AnyClip’s proprietary AI technology, Visual Intelligence, is the missing layer between content creation and “dataless” large archives using content metadata to automate publishing workflows, create contextual and personalized viewing experiences, and boost revenue with targeted cookie-free advertising.

Michael Newman, director of transformation at Graham Media Group says, “The end-to-end solution for video hosting, publishing, and advertising – direct, contextual, programmatic, and sponsorships – has enabled our teams to publish more videos and our audience to have a better experience. This has ultimately quadrupled the number of hours of content watched by our audience.”

To learn more about AnyClip and Graham Media Group’s partnership, visit here .

Quinn IP Law in Northville Expands Services to Include M&A, and Corporate Law

Quinn IP Law, an intellectual property law firm in Northville, is expanding its services to include mergers and acquisitions (M&A) and corporate law. The move is part of the firm’s commitment to providing comprehensive legal solutions to its clients.

The new practice area will be led by Kenton M. Bednarz.

The new M&A and corporate law services at Quinn IP Law will include:

• Mergers and acquisitions advisory and execution
• Corporate structuring and governance
• Due diligence and compliance as well as assisting in day-to-day contract drafting, review, and related negotiations.
• Strategic business advisory
• Legal solutions, contract drafting and negotiation support for entrepreneurs and businesses

These services are designed to help businesses navigate the complexities of corporate transactions, commercial transactions and governance, helping clients capture the value of business opportunities, and mitigate associated risks.

For more information, visit quinniplaw.com .

Report: MSU College of Osteopathic Medicine No. 1 in Graduates in Areas Facing Shortages

The Michigan State University College of Osteopathic Medicine in East Lansing earned the No. 1 ranking in the nation from U.S. News & World Report for the medical school with the most graduates practicing in areas experiencing a health professional shortage.

The ranking reflects the college’s strong history of training doctors of osteopathic medicine, or D.O.s, physician-scientists, or D.O.-Ph.D.s, and physician assistants, or PAs, as well as supporting people and communities in need.

Of the college’s graduates, 52.5 percent work in these underserved areas, meeting the needs of people and their communities.

In addition to the No. 1 ranking, the college earned a No. 14 ranking for the most graduates practicing in primary care and No. 58 for the most graduates practicing in rural areas.

Oakland Uncorked to Celebrate Region’s Wines, Food, Craft Beer, and Culture

Oakland Uncorked invites all to celebrate Michigan’s culture and harvest from 7-10 p.m. Aug. 2 at the Oakland County Farmers Market (2350 Pontiac Lake Road) in Waterford.

Oakland Uncorked is an annual event showcasing the talents and products of local restaurants, wine distributors, craft beer brewers, and artists.

“The farmers market offers a comfortable and relaxed setting for Oakland Uncorked, providing the perfect background showcasing the fabulous food, beverage and artisan offerings available locally and beyond,” says Brad Wethy, manager of the Oakland County Farmers Market. “It is an open-air venue with tables and seating options arranged to encourage conversation. We are pleased to host this event with the Waterford Area Chamber of Commerce.”

Rustic Leaf Brewing Co. will have craft beers for sampling and area restauranteurs, including Buffalo Wild Wings, Fork N’ Pint, Greek Jalapeno, Irish Tavern, Red Wood Grill, Square One Eats & Treats, and Via Bologna, will serve small plates of their signature dishes. Additional breweries and restaurants may be added closer to the event date.

Local distributors will pour their vineyards’ finest wines for tasting, inviting guests to order their favorite wine selections for pick up at a later date.

The evening’s music will be performed by Taylor DeRousse, a local Indie rock singer and songwriter. Local artisans also will display and sell their work and a silent auction is planned.

Cost is $60 per person and attendees must be 21 or older. Reservations are required as space is limited. Non-refundable tickets can be purchased at WaterfordChamber.org or by calling 248-666-8600.

Laurium Manor Inn in U.P. Competes for Best Historical B&B on Newsweek.com

The Laurium Manor Inn, in Laurium in the Upper Peninsula, is competing for its place as the Best Historical B&B on Newsweek.com . Pushing through the ranks of other experiences across the US, the Laurium Manor Inn stands alone as Michigan’s Upper Peninsula’s shot at winning.

With its regal, white tile balcony and exotic elephant hide walls in the dining room, this copper mining manor sits in the Keweenaw. All are encouraged to vote daily .

The contest closes on Aug. 15 at noon, and the top 10 winners will be announced on Aug. 22.

The post DBusiness Daily Update: Future of Health: Detroit Announces Partners to Manage Home Repair, Rental Funding Sleeve, and More appeared first on DBusiness Magazine .