Coverage from Michigan Business Beat, published 2026-04-26.
Michigan Business Beat featured Kalamazoo Forward Ventures leaders Dwayne Powell Jr. and Marcel Fable Price in an audio segment about Tsunami Lab and the region’s approaching wave of business-owner retirements. No transcript was available, so this summary is limited to the episode description and program facts corroborated by other coverage. The segment presented business succession as a regional economic issue.
It said baby boomers control a substantial share of small companies and that many owners do not have a formal transition plan, creating a risk that viable businesses and jobs could disappear when owners retire. Tsunami Lab was described as a partnership with Kalamazoo Valley Community College that prepares aspiring owners to evaluate, buy and operate existing companies. KZFV planned to pair training with acquisition capital for selected participants in the first cohort.
