Displaying items tagged: Comerica Bank
Finance experts prepare for likely interest rate increase in 2022
Borrowing could cost a little more in 2022 should the Federal Reserve follow expectations and begin raising interest rates.
Comerica economists lower expectations, forecast higher inflation rate in 2022
Comerica Inc. economists have lowered their expectations for U.S. economic growth next year while raising the forecasted inflation rate in their latest outlook.
Experts forecast sustained growth for the U.S. economy in 2021
The U.S. economy that got hammered by the COVID-19 pandemic this spring heads toward 2021 on the rebound, although a surge in cases during the fall and renewal of restrictions in many states may limit economic growth nationally early in the new year.
MiBiz Growth Report: October 25, 2020
Here is the MiBiz Growth Report for October 25, 2020.
MiBiz Growth Report: September 27, 2020
Here is the MiBiz Growth Report for September 27, 2020.
New loan, grant funds set up to aid smaller businesses
New grant funds by the state and in Kalamazoo, as well as a loan fund in Grand Haven, are the latest efforts to provide relief to small businesses hit hard by the COVID-19 pandemic.
Surveys point to economic optimism despite cooling growth forecasts for Michigan
Business owners surveyed by PNC Bank remain optimistic about the local and national economies, despite worries about tariffs and pricing pressures and outlooks for slower growth ahead.
Surveys show Michigan businesses owners remain optimistic, despite growing concerns
A new sentiment survey finds business owners still feel good about present conditions, despite outlooks for slower economic growth and ongoing worries about talent and health care costs.
Business owners hold the keys to succession planning — if they take action
Some business exits go smoothly; others, not so much. The key for business owners approaching the time when they’re poised to move on is to plan early and often, and to thoroughly think through their approach to the process.
After participating in Blackford acquisition, Gun Lake Investments eyes more deals
Blackford Capital’s latest deal brought a new investment partner to the table: Gun Lake Investments, the economic development arm of the Gun Lake Tribe.
‘Realistic expectations’ urged as craft beer industry matures, competition rises
The meteoric rise of Michigan’s craft brewing industry has spawned the creation of hundreds of new companies in communities all over the state.
MiBiz Growth Report: March 19, 2018
Here is the MiBiz Growth Report for March 19, 2018.
• M&A: Kalamazoo-based Imperial Beverage Co. will enter the Upper Peninsula market after acquiring the beer distribution business of Bayside Beverage from Highland Park-based Great Lakes Wine & Spirits LLC. The move also consolidates distribution for the MillerCoors family of brands as well as opens a new territory for Imperial, which now has four locations in Michigan, according to President Joe Cekola. Terms of the transaction were not disclosed. The deal included an 18,000-square-foot warehouse facility in Ishpeming, Mich. as well as distribution rights for Constellation Brands’ import portfolio, the Boston Beer Co. family of brands and a handful of craft beer brands, including Michigan-based Griffin Claw Brewing Co. and Latitude 42 Brewing Co. Imperial plans to hire roughly 20 employees as a result of the acquisition, including four employees from Bayside. A year ago, Imperial also expanded into spirits as an authorized distributor agent for the state. For Great Lakes Wine & Spirits, the deal follows an August sale of beer distribution rights in Traverse City and Petoskey to Grand Rapids-based Alliance Beverage Distributing LLC.
Commercial lending volumes rise as borrowers reach capacity
Among the commercial and industrial borrowers at Lake Michigan Credit Union, about one-third are expanding or buying new equipment that’s needed to grow their businesses.
New report ranks Michigan 5th nationally for most bank branch closures
More bank branches closed in Michigan than in 45 other states in the years following the most recent financial crisis.
New SBA director for Michigan to drive awareness of loan programs
The new head of the U.S. Small Business Administration’s Michigan office believes lending should continue to grow, even as volumes for the agency’s federally backed loans keep moving upward.
California firm buys, plans to reopen Fremont bioenergy facility
FREMONT — After closing abruptly two years ago, a state-of-the-art biodigester facility in Newaygo County is getting a second life from one of the nation’s leading clean energy investors.
Service sector to maintain Michigan’s growth through 2017 as manufacturing begins to slow, Comerica economists say
Michigan should continue to see steady job growth into next year, although manufacturing and the auto industry will become less of a driver.
Survey: Business prospects look strong through year-end in Michigan
Business owners across Michigan maintained a relatively upbeat view of the state’s economy at midyear.
Tillerman acquires Jackson-based aerospace manufacturer
As they approach retirement age, many family business owners are considering who to trust when passing on the leadership in the organizations they’ve built.