Displaying items by tag: Varnum LLP
Tribally owned professional services group rebrands, expands during pandemic
DOWAGIAC — Seven Generations Group, a professional services portfolio of companies, is rebranding and has also managed to grow its portfolio with the formation of Blue Star Integrative Studio, a full-service architecture firm based in Tulsa, Okla., and the spin off of Kalamazoo-based Steelhead Engineering Co.
Blackford Capital invests in Massachusetts-based water sports manufacturer
GRAND RAPIDS — Private equity firm Blackford Capital has invested in Aqua-Leisure Industries Inc., a maker of leisure products for water sports and recreation based in Avon, Mass.
Steelcase cyberattack serves as warning for manufacturers, experts say
As details on a recent cybersecurity attack against Grand Rapids-based office furniture giant Steelcase Inc. begin to surface, local manufacturers of all industries and sizes may want to take notice.
Federal agency issues guidance on PPP loans and M&A deals
The U.S. Small Business Administration’s guidance for companies that got Paycheck Protection Program loans and are now selling aims to keep deals flowing as borrowers await decisions on whether they’ll have debt forgiven.
MiBiz Growth Report: August 2, 2020
MiBiz growth report for August 2, 2020.
Litigation, vacant spaces: How COVID-19 is shifting commercial real estate
When a California-based marketing firm consolidated 450 employees from Grand Rapids-area offices into a vacant commercial building three years ago, the move was celebrated by Wyoming city leaders and supported by a $550,000 state business development grant.
Lease disputes, COVID-19 loan, ‘craft beer craze’ decline surround BarFly bankruptcy
Overly aggressive expansions, lease disputes and sagging interest in craft beer-based casual restaurants were contributing factors to BarFly Ventures LLC’s bankruptcy filing this month before business was decimated by COVID-19, court records show.
Fed makes changes to Main Street Lending program to broaden appeal to businesses
Changes by the Federal Reserve Board should draw greater interest to the new $600 billion Main Street Lending Program for small and mid-sized businesses hurt financially by the COVID-19 pandemic.
Lawsuit claims Amazon demolished part of GR warehouse before backing out of project
GRAND RAPIDS — A property investment company is suing Amazon.com Services LLC after the online retailer allegedly demolished portions of a warehouse property in Grand Rapids and caused about $10 million in damages before backing out of a lease agreement.
Restrictions in Fed’s Main Street Lending Program could limit appeal
The Federal Reserve Bank’s $600 billion Main Street Lending Program promises to offer small and mid-sized businesses hurt financially by the COVID-19 pandemic with another option to access credit and operating capital.