Predict your next investment

The Right Place company logo
Non-Profit Foundation
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Management & Strategy Consulting
rightplace.org

See what CB Insights has to offer

Funds

1

About The Right Place

The Right Place is a private, non-profit economic development organization located in Western Michigan that provides business growth assistance to both local and international companies including site location services, connections to regional supply chain and service providers, regional business tours, consultation on state and local business incentives, and more.

The Right Place Headquarter Location

125 Ottawa Avenue NW Suite 450

Grand Rapids, Michigan, 49503,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

The Right Place Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

The Right Place Rank

Latest The Right Place News

Gen3 Defense & Aerospace, Blackmer receive state support for manufacturing expansions

Aug 26, 2021

BY Mark Sanchez Wednesday, August 25, 2021 02:51pm Two Grand Rapids area manufacturers have secured state grants to support expansion plans. Gen3 Defense & Aerospace LLC in Comstock Park received a $1 million Michigan Business Development Program performance-based grant to expand into a much larger facility in Kent County. A provider of manufacturing, engineering and supply chain solutions that was founded in 2020, Gen3 Defense & Aerospace plans to invest nearly $8.7 million in an expansion that will create 269 jobs — more than 10 times its present workforce. “Our team is excited to begin taking on new opportunities as we continue growing in West Michigan,” Gen3 Defense and Aerospace General Manager Mark Wells said in a statement. “We plan to continue in the high-tech robotics space, and we’ll need a strong, talented team to achieve that. We’re thankful for all of the support The Right Place and their partners at the (Michigan Economic Development Corp.) provided to make this expansion a reality here in West Michigan.” Meanwhile, Grand Rapids-based Blackmer — a part of Oakbrook Terrace, Ill.-based PSG that’s owned by Dover Corp. — plans to demolish an obsolete foundry and build a new 60,000-square-foot facility to house assembly, paint and shipping operations. The expansion will create 50 new jobs. The Michigan Economic Development Corp. supported the more than $7 million project with a $350,000 Michigan Business Development Program performance-based grant. Blackmer, with an existing workforce of 250 employees, produces pumps and other fluid and gas technologies for the chemical, energy, transportation, military, marine, and oil and gas industries. “Our team is incredibly excited to continue growing and evolving our operations in the West Michigan region,” Blackmer General Manager Bob Lauson said in an announcement on the expansions. “We’ve called the Grand Rapids community home for nearly a century, and it continues to be an ideal location for us to expand our footprint.” The Right Place Inc. worked with both companies on their expansions. “Greater Grand Rapids has served as a community where companies like Gen3 and Blackmer are able to embrace growth opportunities that bolster continued success and prosperity,” Right Place President and CEO Randy Thelen said in today’s announcement. “We are thrilled these two companies are continuing to grow here in the community and look forward to the increased economic opportunity these projects will bring to our residents.”

The Right Place Acquisitions

1 Acquisition

The Right Place acquired 1 company. Their latest acquisition was Laser Access on March 16, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/16/2020

Acquired

$0.25M

Acquired

1

Date

3/16/2020

Investment Stage

Acquired

Companies

Valuation

Total Funding

$0.25M

Note

Acquired

Sources

1

The Right Place Fund History

1 Fund History

The Right Place has 1 fund, including New Community Transformation Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/26/2021

New Community Transformation Fund

$8.5M

1

Closing Date

1/26/2021

Fund

New Community Transformation Fund

Fund Type

Status

Amount

$8.5M

Sources

1

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.