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MIDLAND—In response to the widespread devastation caused by extensive rain and dam failure impacting its global headquarters community, and the Dow Company Foundation announced today $1 million of financial support for immediate relief and long-term recovery efforts associated with the flooding and its aftermath. “Michigan’s Great Lakes Bay Region has been Dow’s home for more than
BIRMINGHAM – Angel investors Doron York and David Weaver, known lately as the co-founders of Cityside Ventures, have come up with a new way to help small businesses survive the COVID-19 depression that some experts say could bankrupt half of them by the end of 2020, if not sooner. Enter eiconica Advisors, billed as the
LANSING—The Michigan Economic Development Corp. has announced several new initiatives designed to support the economic recovery efforts of small businesses and downtown areas throughout the state. These initiatives include the MI Local Biz Community Crowdfunding Program, which pairs successful crowdfunding efforts with a financial match from the MEDC; an expansion of the Match on Main
GRANDVILLE—The World Literacy Foundation announced the development of an interactive online service offering resources for educators who have been affected by the indefinite school lockdown as a result of COVID-19. The purpose behind the streaming service was born out of the coronavirus lockdown of classrooms of an estimated 25 million teachers in Africa, Asia, Middle
DETROIT - For the week ending May 9, the State of Michigan experienced another dip in initial unemployment insurance claims when compared to the prior week, the fifth consecutive week of claim decreases, indicating that the greatest number of new job losses and unemployment claims to the shutdown occurred in late March and early April.
ANN ARBOR - As the coronavirus crisis continues to disrupt the global economy, North American vehicle sales have dropped sharply, and production has come to a nearly complete stop. Given the complexity of automotive manufacturing, the tremendous capital required to restart production, and the industry’s deep global supply chains, resuming vehicle production in North America
DETROIT - The Quicken Loans Community Fund has partnered with the City of Detroit and Rebrand Cities to provide a digital accelerator to 100 Detroit small businesses. The four-week virtual course will provide all the resources and instruction necessary for small businesses to build out a functioning website with an e-commerce shop that they will
DETROIT - The TechTown Stabilization Fund closed with 347 grantees receiving a total of $575,000 in funding – adding to the 350 small businesses previously funded by TechTown’s Detroit Small Business Stabilization Fund. Together, the two funds funneled approximately $1.2 million into local small businesses in the midst of the ongoing COVID-19 crisis. The New Economy
CHICAGO - In a few short years, cannabis sales have transformed from a mostly illegal enterprise to an ‘essential business’ that many states have kept open during the COVID-19 epidemic, the worst the nation has seen this past century. Experts at Anderson Economic Group have been closely monitoring COVID-19’s impacts on the cannabis industry. Initial
CHICAGO - In a few short years, cannabis sales have transformed from a mostly illegal enterprise to an ‘essential business’ that many states have kept open during the COVID-19 epidemic, the worst the nation has seen this past century. Experts at Anderson Economic Group have been closely monitoring COVID-19’s impacts on the cannabis industry. Charting
