After devising an ambitious expansion plan, Grand Rapids restaurateur Mark Sellers realized he needed to look beyond traditional sources of capital to support his company’s growth into new markets.
Legislation that would allow crowdfunding investors who bought into a small business to later sell their shares via an online portal awaits final consideration when lawmakers return to Lansing this fall.
Private equity investors put $6.7 billion into 50 Michigan-based companies last year, according to an annual report issued in late June by the Washington, D.C-based Private Equity Growth Capital Council (PEGCC).
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.
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.