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Small Business Association of Michigan

The Small Business Association of Michigan (SBAM) is the only statewide and state-based association that focuses solely on serving the needs of Michigan’s small business community. We have been successfully serving small businesses like yours in all 83 counties of Michigan since 1969. We’re located in Lansing, just one block from the Capitol.

Report: State Cash Reserves Sufficient For Now

LANSING - State government has built up enough cash reserves over the last decade to get Michigan through the COVID-19 pandemic-caused recession as long as policymakers respond responsibly to the economic downturn, according to a Citizens Research Council report. Some banana peels state leaders will want to avoid include draining the remaining $800 million from

By |2020-08-30T19:15:49-04:00August 30th, 2020|Politics, Politics/Government, Small Business Association of Michigan|
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State Jobless Rate Down To 8.7 Percent In July From 14.8 Percent In June

LANSING - The state unemployment rate in July improved to 8.7% from the previous month's 14.8%, the Michigan Department of Technology, Management and Budget (DTMB) reported Wednesday. The U.S. jobless rate moved down by nine-tenths of a percentage point between June and July to 10.2%, meaning Michigan’s July rate was 1.5 percentage points below the

By |2020-08-30T19:10:39-04:00August 30th, 2020|Small Business Association of Michigan|
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Business Can’t Assume Unmasked Patrons Have Medical Excuse

LANSING - Business owners shouldn’t assume someone not wearing a mask inside their establishments are medically unable to do so, Gov. Gretchen Whitmer said in an update to her mandatory mask executive order Friday. The Governor wrote in Executive Order 2020-153 that if a customer says he or she is not medically able to wear a

By |2020-08-09T13:18:55-04:00August 2nd, 2020|Politics, Politics/Government, Small Business Association of Michigan|
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Federal Paycheck Protection Program Loans Now Available

LANSING - The $349 billion in federal loans allocated for small businesses are now available. For those of you who have not yet looked into these loans, here's what to do: 1. Be prepared. Visit SBAM's website for the latest guidelines, FAQs and the application. 2. Read the final guidance from the SBA. 3. Call

By |2020-04-05T18:26:20-04:00April 5th, 2020|Small Business Association of Michigan|
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Small Business Association Of Michigan COVID-19 Financial Resources List

LANSING - Please click here to review the application details and requirements for the SBA Disaster Recovery Loans. As a reminder, there are credit requirements: a credit history acceptable to SBA and applicants must show the ability to repay the loan. Businesses Can Get Cash Now To Weather COVID19 Pandemic Businesses that need cash now

By |2020-03-22T13:15:38-04:00March 21st, 2020|Featured, Small Business Association of Michigan|
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Michigan A Top 10 State For Corporate Expansion; Not K-12 Performance

LANSING - Michigan is already a top ten state when it comes to "corporate facility expansion activity," according to Ron Starner, executive vice president of Site Selection magazine. Michigan ranked ninth in 2018, and it will be in the top ten again for 2019, he's just not sure where because numbers are still being compiled.

By |2020-02-13T16:19:33-05:00February 13th, 2020|Featured, Small Business Association of Michigan|
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Toll Road Study Bill Passes Michigan Senate With Other Transportation Bills

LANSING - The Michigan Department of Transportation would need to work with an outside consulting firm to study the possibility of bringing toll roads to Michigan under legislation that passed the Senate Jan. 28 as part of a seven-bill transportation package. Sen. John Bizon's (R-Battle Creek) SB 517 would require the study include revenue projections,

By |2020-02-05T10:41:57-05:00February 4th, 2020|Featured, Small Business Association of Michigan|
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Michigan Legislative Bills Would Ban Vitamin E Acetate From Vaping Products

LANSING - Vitamin E acetate would be banned from vaping products for marijuana, medical marijuana, and nicotine under a three-bill package pending before the Michigan House Judiciary Committee. HB 5159, HB 5160 and HB 5161 by Rep. Abdullah Hammoud (D-Dearborn), Rep. Frank Liberati (D-Allen Park) and Rep. Joseph Bellino (R-Monroe) would ban the chemical, but

By |2020-01-21T19:57:52-05:00January 21st, 2020|Politics, Politics/Government, Small Business Association of Michigan|
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Michigan Expecting $140 In Cannabis Sales Per Person By 2021

LANSING - With only a 10 percent excise tax on the sale of recreational marijuana, Michigan state officials are expecting a fairly substantial windfall in the next two years as the market, literally, lights up to the tune of $140 worth of product for every man, woman and child by the end of 2021. "It's

By |2020-01-18T16:20:02-05:00January 18th, 2020|Marijuana Business, News, Politics, Politics/Government, Small Business Association of Michigan|
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Economist Bullish On Michigan In 2020

LANSING - A Federal Reserve economist Thursday said he expects 2020 to be more positive for the state's economy than 2019. "One thing to keep in mind is that in most of the years since the recession, Michigan has outperformed its trend on this basis than the U.S.," said Martin Lavelle, business economist with the

By |2020-01-18T16:21:17-05:00January 18th, 2020|Politics, Politics/Government, Small Business Association of Michigan|
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