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Displaying items by tag: Varnum LLP

The U.S. Small Business Administration’s guidance for companies that got Paycheck Protection Program loans and are now selling aims to keep deals flowing as borrowers await decisions on whether they’ll have debt forgiven.

Published in Small Business
Sunday, 02 August 2020 10:08

MiBiz Growth Report: August 2, 2020

MiBiz growth report for August 2, 2020.

Published in Economic Development

When a California-based marketing firm consolidated 450 employees from Grand Rapids-area offices into a vacant commercial building three years ago, the move was celebrated by Wyoming city leaders and supported by a $550,000 state business development grant.

Overly aggressive expansions, lease disputes and sagging interest in craft beer-based casual restaurants were contributing factors to BarFly Ventures LLC’s bankruptcy filing this month before business was decimated by COVID-19, court records show.

Published in Food/Agribusiness

Changes by the Federal Reserve Board should draw greater interest to the new $600 billion Main Street Lending Program for small and mid-sized businesses hurt financially by the COVID-19 pandemic.

Published in Finance

GRAND RAPIDS — A property investment company is suing Amazon.com Services LLC after the online retailer allegedly demolished portions of a warehouse property in Grand Rapids and caused about $10 million in damages before backing out of a lease agreement.

The Federal Reserve Bank’s $600 billion Main Street Lending Program promises to offer small and mid-sized businesses hurt financially by the COVID-19 pandemic with another option to access credit and operating capital. 

Published in Finance

GRAND RAPIDS — Independent Bank Corp. raised $40 million in a debt offering that comes amid the economic downturn and uncertainty from the COVID-19 pandemic.

Published in Finance

Two prominent players in Michigan’s cannabis and craft brewing industries have launched a new product merging their areas of expertise: beer-flavored edibles.

Published in Food/Agribusiness

An executive order issued by Gov. Gretchen Whitmer allowing for the wider use of electronic signatures and online notarization will likely be more widespread in the wake of the coronavirus pandemic, says an attorney who helped draft the order.

Published in Economic Development
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