Displaying items tagged: small business
New business applications in Michigan skyrocket during pandemic
As the COVID-19 pandemic battered Michigan’s economy through the spring and early summer, the number of people forming their own businesses grew exponentially.
Thousands seek small biz pandemic relief grants in West Michigan
Nearly 4,000 small businesses across a 13-county region of West Michigan have applied for state pandemic relief grants.
SBAM backs legislation to provide liability protection to businesses during pandemic
If an employer follows the rules and complies with requirements to maintain a safe workplace during the COVID-19 pandemic, business advocates argue the company should not have to face liability claims if someone there contracts the coronavirus.
In lawsuit, Kent Co. sports bar argues for insurance adjustment, citing pandemic closure
BELMONT — As many people stayed home and ventured out less for several weeks during the closures related to the COVID-19 pandemic, auto insurers responded.
Michigan bowling centers press case to be spared from ongoing closures
Wenger’s Bowling Center, the oldest bowling facility in Grand Rapids, has hosted patrons for the last 100 years, but not so much in the last four and a half months.
Park Theatre sits tight but is ‘here to stay’ in Holland
HOLLAND — When officials with the Park Theatre first decided to close in early March because of concerns of spreading COVID-19, they weren’t anticipating a complete lack of concerts or events in the historic venue for months to come.
Retailers report higher June activity, but ‘seesaw’ expected in months ahead
More than half of Michigan retailers had higher sales in June from the prior month and expect about the same sales volume through the summer and into fall, according to a recent survey.
During stressful times, experts advise small business owners on finding ways to cope
Running a small business is stressful enough, and then small business owners recently have had to deal with operating during the COVID-19 pandemic, which only magnifies that stress.
Flower shop, event space owner wants public to take pandemic more seriously
GRAND RAPIDS — Bing Goei, who owns Eastern Floral and The Goei Center event venue, hopes more people take the COVID-19 pandemic seriously so economic conditions don’t worsen for businesses like his.
State launches $115M grant program for small biz, agriculture relief
A pair of state grant funds totaling $115 million launches today as another source of financial assistance for small businesses hurt by the COVID-19 pandemic.
Translators hired to help Asian businesses apply for Kent County COVID-19 funding
Kent County officials have provided $40,000 to help minority business owners facing language barriers access COVID-19 relief funding.
MEDC to deploy $115 million in grants for small businesses affected by COVID-19
The Michigan Economic Development Corp. plans to launch new grant funds next week totaling $115 million to provide financial assistance to small businesses, farms and agricultural processors recovering from the effects of the COVID-19 pandemic.
Pandemic injects some reluctance into small business M&A market
A couple of small business deals Andrew Longcore has been approached about lately illustrate the effects on the M&A market this year from the COVID-19 pandemic.
Liquid Finance offers distressed companies structure to ‘get back on their feet’
GRAND RAPIDS — Alternative lender Liquid Finance LLC completed its first deal last month with financing for a Pennsylvania-based maker of farm equipment.
Q&A: Jon Siebers Attorney at Rhoades McKee PC
The COVID-19 pandemic has slowed deal flow for Jon Siebers, an M&A attorney at Grand Rapids-based law firm Rhoades McKee PC. Siebers said closings are down and the number of deals he has in the pipeline are “probably down a little bit, but not much.” Siebers spoke with MiBiz about how the pandemic has affected the M&A market and offered some advice for both buyers and sellers.
New market seeks to fill gap in southside GR neighborhood
GRAND RAPIDS — When the coronavirus pandemic hit, a pair of Grand Rapids natives scrapped their initial plans to open a cigar lounge on the city’s south side, deciding instead that a fresh food market and weekly farmers market would be a better resource for their neighborhood.
Small businesses in the food system ‘maintaining’ as COVID-19 fallout continues
For a sector with already thin margins, restaurants and other small food businesses are just looking to stay above water as pandemic restrictions slowly lift.
GR 2030 District shifts focus to indoor air quality
For nearly five years, the U.S. Green Building Council of West Michigan has helped Grand Rapids property owners reduce their energy usage and hosts an annual competition celebrating the “biggest losers” statewide.
GR Chamber receives 865 applications for small business relief fund
GRAND RAPIDS — The Grand Rapids Area Chamber of Commerce expects to receive up to 1,000 applications by the end of the week from across Kent County from small businesses seeking assistance from a $25 million grant fund set up to ease the economic crush of the COVID-19 pandemic.
Kent County small biz relief fund opens second round
A Kent County small business relief program opened its second round of funding today, making grants available to companies that have already received COVID-19 assistance.
PE-backed Northern Michigan web hosting firm acquires web developer
TRAVERSE CITY — Private equity-backed CloudAccess LLC, a Northern Michigan-based cloud hosting provider, has completed the add-on acquisition of Miller Media Inc.
Kent County administrator addresses controversy over COVID small biz relief funding
Kent County’s top official says it is “critically important” that a $25 million business relief program launched this week is accessible to minority-owned businesses, following recent criticism that the program isn’t properly compensating minority business and social equity groups for their assistance.
Survey shows downward trend for retailers in May but optimism this summer
Michigan retail sales remained in the “tank” during May as many stores remained closed, although a monthly survey and activity index suggest a rebound this summer after reopening.
8 GR tech startups selected for MEDC pandemic relief funds
Eight Grand Rapids technology startups are among dozens of businesses statewide selected to receive a combined $3 million from Michigan’s Tech Start Up Stabilization Fund.
Kildee, Upton push $50.5B federal aid package for small businesses
Two Michigan congressmen behind legislation that would create a $50.5 billion relief fund for small businesses nationwide hope to get it included in the next federal aid package that may come before Congress this summer.
Wise Men Distillery successfully creates hand sanitizer business amid pandemic
KENTWOOD — The coronavirus pandemic has caused many businesses to make staff cuts, but Wise Men Distillery LLC hired two new employees to assist with its shift to producing large quantities of hand sanitizer for manufacturers and state agencies.
Muskegon gym switches to online, outdoor group fitness classes during shutdown
MUSKEGON — The coronavirus pandemic has pushed the owner of the Waters Edge Fitness gym to get creative by offering online resources for members over the past several months that the facility has been shut down.
Family Anvil Tattoo ‘crazy busy’ as shutdown finally ends
CALEDONIA — Mark “Crab” Reagan spent his morning wandering around his tattoo shop cleaning, organizing, providing a handful of clients with art consultations — pretty much anything other than actually tattooing.
Kent County commits $25M to small business recovery assistance grants
Forming a relief fund to aid small businesses hurting from the COVID-19 pandemic was an early idea Kent County commissioners pursued when they began considering two months ago what to do with $114.6 million in federal aid funding.
Kent County launches $25M relief fund for small businesses affected by COVID-19
GRAND RAPIDS — Kent County and the Grand Rapids Area Chamber of Commerce partnered to form a $25 million relief fund for small businesses.