Grand Rapids Business Journal 10.18.21

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SXANPRO secures medical device patent.

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OCTOBER 18, 2021 VOL. 39, NO. 21

The Business Newspaper of Metro Grand Rapids, Holland, Muskegon & West Michigan

THIS WEEK

HAGEDORN BRINGS ART TO PARTY Entrepreneur uses her education and experiences to create unique fundraisers and community events. Page 11

Donofrio’s plan Head of Business Leaders for Michigan talks ARP, state budget surplus spending strategies. PAGE 3

Home squeeze Rising prices and lagging income are a bad combination for homebuyers. PAGE 3

New Steelcase CEO steps into challenges Sara Armbruster brings diversified background to tackle the future of work. Rachel Watson

rwatson@grbj.com

Sara Armbruster took on every leadership opportunity that came her way at Steelcase before her promotion to president and CEO this month, and she expects to draw on that well-rounded experience as she guides the company into its next era. Armbruster became the first female president and CEO of Steelcase on Oct. 4, taking the reins from Jim Keane, who plans to retire in January 2022. She has a 14-year history at Steelcase, having held global executive leadership roles in multiple businesses, including Steelcase Education, Steelcase Health and PolyVision Corporation, which the company has since divested. Her responsibilities have included leading information technology, global design research, new business initiatives and the company’s global COVID-19 crisis response team. “I have been really fortunate to have a chance to work with cus-

tomers, with dealers, with different internal teams and globally over my tenure at Steelcase,” Armbruster said. “…I think those experiences will certainly be things that I draw on as I now take on the CEO role.”

Armbruster credited her achievement of becoming CEO to hard work and willingness to try everything and lead wherever she was needed, as well as to the fact that she had many mentors, boss-

es and leaders who challenged and guided her along the way. She said one of the things she is passionate about ensuring is CONTINUED ON PAGE 16

Ford decision disheartens economic developers

STEADY COURSE Grand Rapids stays true to four-year strategic plan despite COVID-19. Page 4

Right Place CEO: Michigan will need to up its game as automaker invests $11B elsewhere

THE LIST

Rachel Watson

The area’s top business degree programs. Page 6

President and CEO Sara Armbruster said Steelcase built on its 2019 Flex Collection, adding extensions such as the Flex Active Frames, for NeoCon this month. Courtesy Steelcase

rwatson@grbj.com

When Ford announced its decision last month to invest $11 billion to expand in Tennessee and Kentucky over its home state, economic developers across the state felt the “sting.” In West Michigan, The Right Place President and CEO Randy Thelen, like all economic developers and alongside the entire auto industry, was closely following the

pending announcement from Ford as to where it would put its investment in electric vehicles and batteries, but he was not prepared for the news that the company would be investing $11.4 billion in a new mega campus in Tennessee and twin battery plants in Kentucky that would create 11,000 jobs and power the future of the company’s EVs. “It stings, right?” Thelen said. “I mean, Michigan is the home of the auto industry, and here in West Michigan, we have 400 auto suppliers and employ about 40,000 people, and so, as the auto industry shifts, we’ve got to make sure we keep as much of that work as close as possible because we have comCONTINUED ON PAGE 17

Ford plans to build its Blue Oval City campus in Stanton, Tennessee. Courtesy Ford Motor Company

GRBJ.COM Vol. 39, No. 21 $3.00 a copy. $59 a year © Entire contents copyright 2021 by Gemini Media. All rights reserved.

Inside Track ...... 11 Guest Columns.. 18 EITC changes

UMCH works to expand Fresh Market pilot.

Change-Ups ..... 22 Calendar .......... 22 Public Record ... 23 Street Talk ...... 25

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