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Finance (208)

Communities and organizations that use crowdfunding to raise funds for public projects have an opportunity to double their money.

Michigan’s improved economy has a pension fund for retired public employees taking a wider view and giving its home state more consideration when making investments.

A $9.8 million investment that included money from a pension fund for Michigan public employees should provide the growth capital that Grand River Aseptic Manufacturing Inc. needs to fund expansion for two new large client contracts.

GROW expands microloan program to lakeshore

Written by | Wednesday, 18 June 2014 21:43 |

Support from a community foundation led Grand Rapids Opportunities for Women (GROW) to set up shop in Muskegon to provide microloans to small businesses on the lakeshore.

Federal regulators may alter the definition of an “accredited investor,” a change that would significantly shrink the pool of people in the nation who could invest in private offerings by businesses seeking capital.

While Perrigo Co. plc has already cut its tax burden by moving offshore in the $8.6 billion blockbuster deal with Irish pharmaceutical maker Elan Corp. that it says will allow it to expand globally, other U.S. corporations could have a hard time pulling off similar deals.

An ongoing public service campaign seeks to create better investors and the professionals who advise them by focusing on  a set of core rights that promote fairness, transparency and personal integrity in the financial industry.

Despite sharing the same job title, and in many instances, similar functions, the recent winners of the MiBiz CFO of the Year Awards made one thing clear during a panel discussion: No two CFOs are alike.

Executives at Mercantile Bank expect there could be a period of organic growth ahead for the Grand Rapids-based company.

While venture capital and angel investing continue to build in Michigan, the state still has gaps in other forms of later-stage capital, according to a recent analysis.

Investors appear willing to steer some of their money into local businesses raising capital through crowdfunding, although they have limits on how much they will invest — at least for now.

Lawmakers who proposed creating local stock exchanges in Michigan so crowdfunding investors could get liquidity out of their equity investments have backed away from the legislation amid concerns from state and federal regulators.

Banks weigh their role in crowdfunding

Written by | Sunday, 11 May 2014 22:00 |

As crowdfunding unfolds as an alternative for small businesses to raise startup funding, bankers are examining the role they can play in a new era of capital formation.

Michigan’s venture capital industry grew further in 2013, continuing the progress of the past several years.

A new state-backed early stage capital fund hopes to cut its first deal by early summer, executives say.

Two venture capital deals involving West Michigan companies follow a national first quarter trend of investors funding businesses in the later stages of development that have greater capital needs.

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