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Displaying items tagged: small business

Wednesday, 05 June 2019 15:16

Lakeshore laundry service firm sells to investor

DOUGLAS — Laundry Tyme, a laundry service company based in Douglas, sold recently to investor Brian Gowen.

Published in Small Business
Monday, 03 June 2019 15:56

Detroit firm acquires Van Eck Law

Business law firm Kotz Sangster Wysocki PC acquired Rockford-based Van Eck Law PC.

Published in Small Business
Sunday, 26 May 2019 22:48

Grand Rapids Drive find solid footing after 5 years, face uncertainty over Pistons ties

GRAND RAPIDS — If Steve Jbara needed a sign that he made the right decision in turning down a recent request to relocate his Grand Rapids-based NBA Gatorade League basketball team to Detroit, he got one rather quickly.

Published in Small Business

Sunday, 26 May 2019 23:10

Grand Rapids Drive’s Jbara joins Royal Oak startup WaitTime as strategic partner

The recent announcement that Grand Rapids Drive founder and President Steve Jbara joined forces with Royal Oak-based startup WaitTime LLC had been five years in the making. WaitTime CEO Zachary Klima said he had leaned on Jbara for guidance since 2004 when he launched the company, which uses a proprietary system to measure crowd density around restrooms and concession stands inside arenas and venues.

Published in Small Business
Sunday, 12 May 2019 20:40

Sportsman Tracker raises $2M for hunter-friendly social media platform

GRAND RAPIDS — The $2.05 million in funding Sportsman Tracker Inc. raised this spring will go to further develop a social media platform and mobile app for hunters. As some social media platforms begin to give lower value to hunting content, Sportsman Tracker CEO Jeff Courter saw an opportunity to further build his HuntWise app that has been downloaded by 2 million users.

Published in Small Business
Sunday, 12 May 2019 22:46

ROUND THREE: Varnum continues program to help startups access free legal help

GRAND RAPIDS — More than seven years, $2 million and 500 companies later, Varnum LLP signed on for a third round of providing free legal services to help new companies get off the ground. The Grand Rapids-based law firm will give away another $1 million in legal services through the MiSpringboard program that launched in 2011 under a push by then-Gov. Rick Snyder to support entrepreneurism as Michigan’s economy began recovering from the Great Recession.

Published in Small Business

Wednesday, 24 April 2019 16:00

After working together on client projects, Elevator Up agrees to sale to SPARK Business Works

GRAND RAPIDS — At 15 years old, Elevator Up LLC had come to what founder Aaron Schaap called a “big milestone.” The Grand Rapids digital design consultancy for products and services had grown nicely from the early days. Schaap began considering what the next 15 years would look like, putting together goals, and weighing what leadership and talent Elevator Up would need.

Published in Small Business
Sunday, 14 April 2019 20:24

Biz groups hope to change proposed legislation on data breach reporting

Legislation that state lawmakers in Lansing are considering would raise requirements for how businesses must handle a data breach. The bills would define the sensitive personal information covered and who is responsible for reporting a data breach, and establish processes and timelines for investigating, responding to and publicly reporting an incident. The law would cover entities with 50 or more employees.

Published in Small Business
Sunday, 17 March 2019 21:51

Startup helps employers create channels for whistleblowers to report problems

GRAND RAPIDS — Many companies offer employees an anonymous way to report to management various problems, impropriety or other violations, often via a telephone hotline or a dedicated email account. But a new startup company is offering workers a better way to blow the whistle, and in doing so, could allow businesses to get a better handle on potential issues before they spin out of control.

Published in Small Business

Wednesday, 06 March 2019 07:30

Whitmer budget proposal would add small business tax, repeal pension tax

Business advocates in Lansing panned Gov. Gretchen Whitmer’s proposal to implement what she called “tax parity” by having small businesses pay the same 6-percent state income tax now levied on corporations in Michigan.

Published in Economic Development
Sunday, 03 March 2019 21:50

Muskegon marine transporter invests more than $40 million to expand operations

A West Michigan marine transportation firm is significantly increasing its freight capacity in response to higher demand from a key customer. Port City Barge Inc. of Muskegon last month took delivery of the Commander, a 495-foot by 72-foot freight barge that it plans to use to haul cement for St. Marys Cement US LLC.

Published in Small Business
Sunday, 03 March 2019 21:45

Small business buyers find M&A targets plentiful

Matt Emery felt ready to move on from the automotive industry after 15 years, so last fall he began looking around for a business to buy. After considering a contract manufacturer, machine shops, an HVAC business and others, Emery found the “perfect fit” in Think Chromatic LLC, a Comstock Park-based small company that does 3-D rendering and animation.

Published in Small Business

Wednesday, 20 February 2019 07:49

Construction equipment supplier McCann Industries expands to Marne facility

MARNE — McCann Industries Inc. will expand to Michigan with a new facility currently under construction in Marne. The equipment and construction supply sales company hopes to open the new location in September, said James Maioho, Michigan branch manager for McCann.

Published in Small Business
Sunday, 17 February 2019 21:16

With latest raise, BarFly targets $7M in funding, plans 3-4 new HopCat locations

GRAND RAPIDS — The company that owns and operates the HopCat craft beer bar chain has secured another $6 million in capital it will use to open three to four more locations in 2019 and 2020, MiBiz has learned. In confirming BarFly Ventures LLC’s latest round of fundraising, founder and owner Mark Sellers told MiBiz approximately $5 million of the funding came from one new investor while $1 million came from Sellers himself. The company is still in the process of raising another $1 million from existing investors to reach its $7 million goal.

Published in Small Business
Sunday, 03 February 2019 20:41

Q&A: J.D. Collins, State director, Small Business Development Center

J.D. Collins became state director of the Grand Rapids-based Small Business Development Center in mid-December. He spent years at larger organizations — Fifth Third Bank, Amway, Spectrum Health — working as a technologist and innovator “before I really found my niche.” Collins also ran his own consulting firm, Collins Innovations LLC, and was chief innovation officer at a heavy equipment technology startup.

Published in Small Business

Sunday, 20 January 2019 22:08

Small business owners see benefits from pass-through deduction, flat tax rate

The recent Tax Cuts and Jobs Act purported to simplify tax structures, rates and exemptions, but accountants say small businesses face plenty of nuances depending on their size, structure and profits. “One thing I have noticed, people thought they were going to be left with simpler tax laws and to some extent, some have,” said Sally Steffes, CPA and one of the partners at H&S Companies PC. “There are many variables to contend with.” 

Published in Small Business
Sunday, 20 January 2019 20:13

Small businesses join call for civil forfeiture reform

The state chapter of a small business advocacy group is among the supporters of a bipartisan bill package introduced this month to reform the way law enforcement seizes property from people suspected of crimes.

Published in Small Business
Sunday, 09 December 2018 15:42

Q&A: Mandi Brower, Quality Car Wash

Mandi Brower’s first job with the family business was working in college as a cashier at the Quality Car Wash store on Eighth Street in Holland. 

Published in Small Business

Sunday, 25 November 2018 21:39

Alternative lender positions black-owned GR firm for growth

GRAND RAPIDS — When  realized it needed to add vehicles to its fleet to grow the business, founder Rich Flowers ran into some roadblocks familiar to many African American and minority entrepreneurs. 

Published in Small Business
Sunday, 25 November 2018 20:14

Q&A: Justin Winslow, Michigan Restaurant & Lodging Association

The merger of the Michigan Restaurant Association and Check In Michigan, formerly known as the Michigan Lodging & Tourism Association, creates one of the largest trade groups advocating for business in Lansing. 

Published in Small Business
Monday, 12 November 2018 12:47

EPS Security acquires Owosso firm

GRAND RAPIDS — EPS Security has made its second acquisition of 2018.

Published in Small Business

Sunday, 28 October 2018 15:46

Niche law firm relocates HQ to downtown GR

GRAND RAPIDS — A niche law firm plans to relocate its Michigan headquarters to downtown, MiBiz has learned. 

Published in Small Business
Sunday, 28 October 2018 15:34

Startups find a place in West Michigan, despite cultural challenges

From the cannabis industry to beverage manufacturers to tech-focused firms, West Michigan continues to see an uptick in startups. 

Published in Small Business
Sunday, 28 October 2018 15:26

State extends funding to pair of capital funds

The Michigan Strategic Fund steered additional money into two capital funds that support high-tech startups and growing small businesses in the state.

The Invest Michigan Pre-Seed Fund II received $3 million to invest in startups through loans or equity. Grow Michigan LLC will receive $9.6 million for a second mezzanine-style fund that will provide loans to growing small businesses.

Published in Small Business

Sunday, 28 October 2018 15:21

Grand Rapids, Start Garden seek to repair relationship

recent kerfuffle between Grand Rapids economic development officials and executives at Start Garden Inc. highlights the challenges cities face when they try to encourage more entrepreneurial investments. 

Published in Small Business
Sunday, 28 October 2018 15:12

Ka-Zoo Angels offers funding options to SW Michigan entrepreneurs

KALAMAZOO — The Kalamazoo affiliate of Grand Angels easily exceeded expectations after launching more than a year ago.

Published in Small Business
Friday, 03 August 2018 13:28

Report highlights immigrants’ role in Michigan’s small biz economy

Immigrants play an outsized role in Michigan’s small business economy, according to a new research from the Michigan League for Public Policy.

Published in Breaking News

Friday, 03 March 2017 15:33

Blue Cross Blue Shield proposes lower rates for small businesses

Blue Cross Blue Shield of Michigan credits closer ties with doctors and hospitals to drive efficiency and quality improvements with leading to lower rates for small businesses.

Published in Breaking News
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