Sometimes businesses need a little capital to move ahead. Small Business Action Team can help

Kate Rowland - Second Wave / February 14, 2019

Lifelong Battle Creek resident Margaret Kirk had a problem. Her business, Massage Green SPA, was running on outdated computers that regularly broke down, causing lengthy delays for her customers and staff. In addition, the massage room equipment carts were rickety, unreliable and unappealing. She didn’t have the necessary capital in hand to replace the equipment […]

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A majority of small-business owners think a recession is coming: Survey

Eric Rosenbaum - CNBC / February 11, 2019

Main Street has caught up to Wall Street, at least when it comes to increased fears of a recession. A narrow majority of small-business owners across the United States expect a recession in the next year, according to the latest CNBC/SurveyMonkey Small Business Survey. This was the first time in the two-year-plus history of the […]

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

Mark Sanchez - MiBiz / February 6, 2019

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 […]

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Small-business owners look to grab this 20 percent tax break

Darla Mercado - CNBC News / February 4, 2019

Certain entrepreneurs may be eligible for a 20 percent deduction on qualified business income, which they can take on their 2018 tax return. Business owners with 2018 taxable income below $157,500 if single or $315,000 if married and filing jointly may qualify. Are you a landlord? Special rules apply. Small-business owners filing their 2018 taxes […]

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New Minimum Wage Laws in Michigan

Michigan Chamber of Commerce / January 31, 2019

The Michigan Chamber applauds the Michigan Senate and House for passing legislation to make Michigan’s new minimum wage law workable for employers. The Legislature adopted a ballot proposal in September that, if left to stand, would have taken the minimum wage from $9.25 to $12 per hour by January 1, 2022. This would have resulted in […]

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