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A Decade of Betting on Founders and Winning Together

By Jennifer Owens, President of Lakeshore Advantage

Originally published in the Holland Sentinel opinion column on January 22, 2026

 

Working with entrepreneurs to turn big ideas into profitable realities is one of the most rewarding parts of my job. It’s hard to believe that 10 years have passed since Lakeshore Advantage leaned into supporting founders and intentionally growing our region’s entrepreneurial ecosystem — a move that felt right given the Lakeshore’s long history of entrepreneurs who have built companies from startups into industry leaders.

 

That spirit and know-how run deep here, passed from one generation to the next. Looking back, the impact of that decision has far exceeded my expectations. Time truly flies when you’re building alongside entrepreneurs who are bringing their ideas to life.

 

A decade ago, Lakeshore Advantage stood at a crossroads. We needed to decide whether we would truly commit to supporting high-growth-potential entrepreneurship in the Lakeshore region. We benchmarked national models for entrepreneurial economic development and were confronted with a hard reality: Meeting founders’ needs would take a herculean effort.

 

Entrepreneurs would need clear pathways to capital, talent, space and customers along with fast access to capable mentorship. With limited resources, we had a choice: significantly scale our startup support, or step away entirely. We chose door number one, and I’m grateful every day that we did.

 

In 2015, new legislation expanded Michigan’s SmartZone program, authorizing six additional SmartZones beyond the state’s original three. The following year, Holland received approval for its SmartZone designation, unlocking the ability to use Tax Increment Financing. This tool captures a portion of new state tax revenue generated by growth within the SmartZone and reinvests it locally to support high-tech entrepreneurs and emerging businesses. Those dollars fund programming, resources and infrastructure that help companies start, scale and stay in the region.

 

Over the last ten years, the Holland SmartZone has quietly become a cornerstone of our entrepreneurial ecosystem. During that time, 150 high-tech, high-growth companies have been supported, collectively securing nearly $76 million in capital raised, from venture and angel investment to bank financing, federal grants, Michigan Economic Development Corporation support and customer revenue. These aren’t abstract numbers; they represent real companies taking root, hiring talent, commercializing technology and contributing to the long-term vitality of our economy.

 

The SmartZone program became the revenue backbone for our SURGE program, allowing us to reinvest a portion of future growth into startup community-building today. That tool has been indispensable across Michigan, and here at home. It has helped launch companies like Wedge HR, which began with local support and has grown into a prominent tech firm in West Michigan; Jolt Energy Solutions, an innovative and growing advanced energy storage company; and Next Door Photos, a rapidly scaling real estate photography platform built on an impact-driven business model. Others, such as Volta, which grew into a primary employer before being acquired, along with emerging companies such as Rebel Cultures and Revolin Sports, reflect the diversity and ambition of the founders choosing to build here.

 

SmartZone resources have also helped support shared infrastructure and community assets that entrepreneurs rely on, including the Next Center and the Ice Park in downtown Holland. Today, the Next Center is a hub of daily activity — home more than 50 startup members and service providers — and a visible reminder that entrepreneurship doesn’t happen in isolation. It happens in community.

 

But these tools only work when they’re built on trust. Our city, county and township partners took a leap of faith by deferring future revenue in service of a stronger business future. Building an entrepreneurial ecosystem, and opening the Next Center, wasn’t a straight path. It was paved by relationships, transparent metrics, shared wins and the patience to earn buy-in rather than demand it.

 

Trust is not a switch you flip; it’s a habit you practice. For years, we’ve worked to build credibility with local governments, elected officials, and education partners so that when we asked them to jump, they didn’t hang up the phone. They leaned in, listened and, over time, said yes.

 

When communities invest in founders, founders invest back in communities. The return shows up in jobs, in new technologies and in the confidence to take on the next big bet — together.

 

We’re just getting started. If you believe in the compounding returns of entrepreneurship, I invite you to tour the Next Center, mentor a founder or join our Entrepreneurial Support Network. The next decade’s wins begin with the commitments we make today.

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Lakeshore Advantage Welcomes Four New Members to Board of Directors

HOLLAND, Mich.  – January 27, 2026 – Lakeshore Advantage announces the appointment of four new members to its board of directors. Dave DeGraaf, CEO of JR Automation and General Manager of Hitachi Automation Division; Olaf Huebner, president & CEO of Plascore; Dr. John Selmon, president of Muskegon Community College; and Patrick Waterman, administrator at Ottawa County were elected to join the board with terms beginning this month.

 

“These leaders strengthen our board’s ability to think systemically and help shape a region that continues to compete and evolve,” said Jeff Stutz, Lakeshore Advantage board chair and chief operating officer at MillerKnoll. “Thriving economies don’t happen when we work in silos. It happens when industry, education, and public leadership move in alignment.”

 

Joining a 23-member board, the new directors will contribute to setting the organization’s strategic direction and advising on initiatives to support businesses and communities in Ottawa and Allegan Counties, Michigan.

 

“These leaders understand the interconnected nature of business growth, talent development, and community well-being,” said Jennifer Owens, president of Lakeshore Advantage. “Their leadership strengthens our ability to anticipate what’s next for our region and to act with purpose as we help companies and communities grow.”

 

DeGraaf, Huebner and Selmon will serve three-year terms for up to three terms. Waterman will serve as an ex-officio member of the board in his role as Ottawa County administrator. A complete list of current board members can be found at lakeshoreadvantage.com/about-us/our-team-board.

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Holland Business Leader PJ Thompson to Receive Lakeshore Advantage Visionary Award

HOLLAND, Mich. (December 15, 2025) – Lakeshore Advantage has named P.J. Thompson, CEO of Trans-Matic, as the recipient of the 2026 Lakeshore Advantage Visionary Award. The honor recognizes individuals in the Lakeshore region who demonstrate bold leadership, create impact beyond their formal roles, and bring stakeholders together to achieve meaningful, long-term outcomes. Thompson will be honored at the Lakeshore Advantage Annual Meeting on Thursday, January 29, 2026, at 3:00 p.m. at the Pinnacle Center in Hudsonville.

 

“Our region’s momentum is fueled by leaders who think boldly, act generously, and invest deeply in the future of our communities,” expressed Jennifer Owens, president of Lakeshore Advantage. “P.J. embodies that spirit in every way. Throughout his career, he has consistently demonstrated a rare combination of entrepreneurial vision, integrity, and a genuine commitment to the people and places of the Lakeshore region. His leadership has not only led a successful organization, but has strengthened the foundation of our economy. We are honored to recognize P.J. Thompson as this year’s Visionary Award recipient.”

 

Under Thompson’s leadership, Trans-Matic has grown into a global leader in deep draw metal stamping. The company employs more than 200 team members in Holland, Michigan, and maintains a global presence with operations in China and Mexico. The Thompson family has also been active in local philanthropy, supporting community initiatives including the Holland Ice Park, the Holland Civic Center, the Holland Aquatic Center expansion, and Lakeshore Advantage initiatives including the Next Center and the Powering Our Future growth plan.

 

The Lakeshore Advantage Annual Meeting, presented by Pioneer Construction, brings together senior-level business leaders, Lakeshore Advantage investors, and key partner organizations that support business and economic growth across the region. The event serves as the organization’s annual report-out to investors on its work and key milestones.

 

For more information and to register to attend visit lakeshoreadvantage.com/events/.

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Lakeshore Advantage Successfully Completes “Powering Our Future” Campaign

Regional leaders invest in bold economic growth plan

 

HOLLAND, Mich. (September 29, 2025)—Lakeshore Advantage today announced the successful close of Powering Our Future: The Next Lakeshore Generation, a five-year growth plan and fundraising campaign designed to strengthen the West Michigan Lakeshore region’s competitiveness in the global economy.

 

Launched publicly in April 2025, the private-sector-focused campaign set out to raise $2.3 million in new revenue to fund strategic initiatives supporting business growth, talent development, and entrepreneurship. The campaign exceeded its goal, raising more than $2.4 million through commitments from 38 regional businesses, organizations, and individuals.

 

“This campaign has been about more than dollars—it’s been about uniting our region’s leadership around a shared vision for the future,” said Jeff Stutz, campaign co-chair and chief operating officer of MillerKnoll. “These investments will directly fuel the initiatives that our region’s employers and communities need to remain strong, resilient, and competitive for years to come.”

 

Stutz co-chaired the campaign alongside P.J. Thompson, CEO of Trans-Matic and Lakeshore Advantage President, Jennifer Owens. Funds raised will power the execution of Lakeshore Advantage’s targeted five-year growth plan, built around three strategic pillars:

 

  • Powering Our Future Workforce: Accelerating attraction, retention, and growth in the talent pipeline, with a focus on emerging workers in high-demand positions.
  • Powering Primary Employers and Communities: Supporting the stability and growth of existing businesses while continuing to position the region as a top choice for business investment.
  • Powering the Next Generation of Employers: Growing a dynamic startup ecosystem for product and technology entrepreneurs.

 

Through these initiatives, Lakeshore Advantage aims to achieve by 2030:

 

  • Creation of 5,000 new primary jobs and 4,374 indirect jobs
  • $375 million in new business expansion investments
  • $10 million in new capital investment in startups
  • Strengthened regional resilience and competitiveness

 

Thompson reflected on the campaign’s significance: “When my father started Trans-Matic in 1968, he was investing in the future of our community. That’s exactly what this campaign represents—laying the foundation for the region’s immediate future and the next generation.”

 

The campaign’s success reflects a broad base of private sector support for the region’s economic vitality. Top supporters of the campaign include:

 

  • Now for the Next Fund
  • Grand Haven Area Community Foundation
  • MillerKnoll
  • Allegan County Community Foundation
  • Corewell Health / Priority Health
  • Fifth Third Bank
  • Huntington Bank
  • LG Energy Solution

 

“Exceeding our goal shows how deeply our investors are committed to building sustainable economic growth,” expressed Beth Blanton, vice president of engagement at Lakeshore Advantage. “When economic development is working at its best the return is clear: it means thriving businesses, strong local governments, and high-quality job opportunities for people in this region.”

 

Lakeshore Advantage contracted Convergent Nonprofit Solutions to help conduct the campaign. For more on the Powering Our Future plan, visit lakeshoreadvantage.com/about-us/strategic-plan-pof.

 

Image: Campaign co-chair and CEO of Trans-Matic, P.J. Thompson delivering remarks at the Powering Our Future campaign launch in April

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