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Displaying items tagged: Small Business Association of Michigan

Wednesday, 05 April 2023 10:32

This banking crisis is nothing like 2009. Small businesses are contingency planning anyway.

It’s a painful memory: In 2009 the banking crisis and housing recession led to a credit crunch, and business owners suddenly couldn’t access the capital they needed to operate and grow.

Published in Finance
Tuesday, 14 February 2023 14:03

Ford battery plant deal demonstrates West Michigan’s ‘cohesive industry cluster’ in EV technology

Ford Motor Co.’s plans to invest $3.5 billion to build an electric vehicle battery plant near Marshall came as good news to economic developers across West Michigan. 

Published in Economic Development
Tuesday, 31 January 2023 11:39

Small business group pushes changes to ‘retirement tax’ bills

LANSING — A business group on Monday requested changes to fast-tracked bills that would reverse Michigan’s “retirement tax,” proposing revisions its leader said would narrow disparities in how different seniors would be taxed under the legislation.

Published in Small Business

Sunday, 18 December 2022 18:00

Talent, economic development and playing defense: Biz advocates prepare for new landscape in Lansing

As Democrats prepare to control both the executive and legislative branches of state government for the first time in 40 years, business advocates hope to find common ground on issues such as talent and economic development.

Published in Economic Development
Tuesday, 15 November 2022 16:04

Michigan small biz growth during pandemic exceeds national average and shows permanence, SBAM scorecard finds

A spike in small business formations in Michigan that began in the early months of the COVID-19 pandemic continues and easily outpaces the national growth rate.

Published in Small Business
Tuesday, 25 October 2022 13:21

Small biz group rallies opposition to federal rule proposal aimed at ‘gig economy’ workers 

The Small Business Association of Michigan is building opposition to a proposed federal rule change that could affect millions of workers who earn their living as independent contractors.

Published in Small Business

Thursday, 11 August 2022 20:48

Q&A: Consultant in new advocacy role sees creativity as strength for small biz

JetCo Federal President Sue Schweim Tellier has stepped into a new advocacy role after being named vice chairperson of the Small Business Association of Michigan’s (SBAM) executive committee.

Published in Small Business
Thursday, 14 July 2022 18:47

Statewide tax cuts still on the table as Whitmer, lawmakers negotiate

Statewide tax cuts remain on the table for later this year despite a recent budget deal between Gov. Gretchen Whitmer and lawmakers for the state’s coming fiscal year that keeps present tax rates.

Published in Economic Development
Thursday, 19 May 2022 16:18

State GOP lawmakers pass tax cut plan amid expected budget revenue windfall

Republicans in Lansing have passed another election-year tax cut plan that would reduce the personal income tax, raise Michigan’s earned income tax credit, and create a $500 per-child tax credit.

Published in Economic Development

Wednesday, 18 May 2022 11:40

Michigan slips in hospital-payment ranking as health systems also face rising costs

Michigan slipped six spots in RAND Corp.’s latest analysis of what hospitals in the U.S. charge private health insurers compared to what they receive from Medicare.

Published in Health Care
Sunday, 13 March 2022 18:36

Tax cut plans come as Michigan’s business tax climate ranks favorably

Michigan’s business tax climate ranks comparatively well to other states, and business advocates say election-year tax cuts proposed in Lansing could further improve that standing.

Published in Finance
Sunday, 27 February 2022 18:37

Two West Michigan nonprofits named ‘hubs’ for state child care pilot program

pilot child care program expansion will help West Michigan parents find affordable child care, tackling one factor that has contributed to labor shortages and employees’ difficulty returning to work.

Published in Nonprofits

Monday, 07 February 2022 17:06

Michigan COVID-19 hospitalizations continue decline after omicron surge

COVID-19 hospitalizations across Michigan declined again during the last week, continuing a trend after peaking about a month ago.

Published in Health Care
Sunday, 30 January 2022 14:00

Tax cut negotiations on deck between Whitmer, Republicans

Competing proposals from Gov. Gretchen Whitmer and Republicans who control the Legislature put tax cuts on the election-year agenda in Lansing.

Published in Economic Development
Sunday, 02 January 2022 18:00

Small biz advocates seek support to boost labor participation, weather supply chain challenges

Small business advocates are calling for more support from the state Legislature to help companies that they say are not recovering at the same rate as other sectors in Michigan’s economy. 

Published in Small Business

Wednesday, 15 December 2021 11:21

Lawmakers finalize $1.5B in support for large, small businesses in year-end session

State lawmakers have passed $1.48 billion in additional spending to provide incentives for major economic development projects and relief for small businesses hit hard by the COVID-19 pandemic.

Published in Economic Development
Thursday, 02 December 2021 16:32

Report: Small businesses not recovering at same rate as overall Michigan economy

Michigan’s economy overall is recovering from last year, but lingering effects from COVID-19 are having a disproportionately negative effect on small businesses, according to a new report released by the Small Business Association of Michigan.

Published in Small Business
Thursday, 04 November 2021 16:54

Biden administration issues vaccine mandate rules; biz groups opposed ahead of likely legal challenge

Businesses that employ 100 or more people will have to either require workers to get a COVID-19 vaccine or get tested weekly beginning Jan. 4, the Biden administration has announced.

Published in Health Care

Monday, 20 September 2021 15:55

Survey: Majority of small business owners oppose vaccine mandate amid staffing shortages

A majority of Michigan small businesses oppose President Biden’s recently announced vaccine mandate as staffing shortages and rising costs remain the biggest obstacles for business owners, according to a new survey by the Small Business Association of Michigan.

Published in Small Business
Sunday, 12 September 2021 17:40

Biz, health care advocates promote vaccines to ensure economic recovery

As the number of COVID-19 cases and hospitalizations steadily rise in Michigan, business and health care advocates say getting more people vaccinated remains paramount to ending the pandemic and avoiding further economic damage.

Published in Health Care
Tuesday, 29 June 2021 09:42

Entrepreneur scorecard details struggles, optimism for Michigan small businesses

Michigan’s small businesses were disproportionately harmed compared to other industries during the pandemic with significant declines in revenue and the number of businesses operating, but experts remain optimistic about a strong post-pandemic recovery.

Published in Economic Development

Sunday, 20 June 2021 17:00

GOP lawmakers push corporate income tax cut, tax credits for businesses

Republican lawmakers are advancing bills that would reduce Michigan’s corporate income tax rate by 20 percent and create tax credits for businesses that lost at least a quarter of their revenue during COVID-19 restrictions.

Published in Economic Development
Thursday, 13 May 2021 17:06

Biz groups want state to revisit rules after new CDC mask guidelines

GRAND RAPIDS — The Grand Rapids Area Chamber of Commerce today urged Gov. Gretchen Whitmer to update state restrictions after the U.S. Centers for Disease Control and Prevention said people who are fully vaccinated against COVID-19 can go maskless in most indoor settings.

Published in Economic Development
Thursday, 25 March 2021 15:14

Business coalition says health care legislation will drive up costs for employers, do ‘more harm than good’

A coalition of Michigan business groups is urging state senators to reject legislation that they claim will drive up the cost of health coverage for small employers.

Published in Health Care

Monday, 22 February 2021 15:51

PPP loan changes meant to benefit small, minority-owned businesses

The Biden administration on Monday announced a series of changes to the Paycheck Protection Program that are aimed at improving access to federal COVID-19 relief loans for small and minority-owned businesses.

Published in Small Business
Sunday, 31 January 2021 17:02

Biz groups back Biden’s early action on COVID-19 and immigration; policy concerns remain

Within hours of his inauguration on Jan. 20, President Joe Biden signed executive orders seeking to bolster the country’s COVID-19 response and issued a memo to top federal officials to “preserve and fortify” a key immigration policy for certain undocumented immigrants.

Published in Economic Development
Sunday, 31 January 2021 16:32

Whitmer, GOP legislature compete over COVID relief funding

Gov. Gretchen Whitmer and Republican lawmakers are squaring off over multi-billion-dollar COVID-19 spending plans that would bolster a vaccine rollout, K-12 schools preparedness and crucial business support.

Published in Economic Development

Wednesday, 27 January 2021 16:15

Business groups back House Republicans’ COVID-19 spending plan

Statewide business groups announced their support today for House Republicans’ COVID-19 spending plan that’s a rebuttal to Gov. Gretchen Whitmer’s $5.6 billion plan unveiled last week.

Published in Economic Development
Monday, 25 January 2021 16:37

Protect Michigan Commission aims to raise awareness for COVID-19 vaccinations

Gov. Gretchen Whitmer today named a commission that will work to raise awareness on the safety and effectiveness of COVID-19 vaccines and promote the need for people to get vaccinated.

Published in Health Care
Sunday, 17 January 2021 18:32

More flexibility comes with latest round of PPP loans

The new round of federal Paycheck Protection Program loans includes a number of changes from the prior funding intended to aid small businesses hurting from the COVID-19 pandemic.

Published in Small Business

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