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Wednesday, September 15, 2021Insights from Washington: House Democrats Propose Tax Increases
To keep you informed on the latest tax negotiations from Washington, we will be issuing a weekly blog with the current news. Our first installment covers details of the proposed tax increases drafted by House Democrats and released on September 13. The plan falls short of the outline presented by President Joe Biden earlier this year, but still contains significant tax increases. Some highlights from the summary include:Corporate tax: Increase the corporate tax rate from 21% to 26.5%, less than the 28%
Monday, September 13, 2021New RFI Offers Chance to Provide Recommendations for State Small Business Credit Initiative
The Michigan Economic Development Corporation (MEDC) is requesting information from the public - including financial institutions, Community Development Financial Institutions (CDFI), Minority Deposit Institutions (MDI), economic development organizations, neighborhood and community development organizations, technical assistance providers, small business support organizations, Venture Capital Funds, Angel Funds, and other entities that serve a small business customer - to provide recommendations for
Friday, September 10, 2021Gov. Gretchen Whitmer announces $2 million in export assistance funds available for Michigan’s small businesses
Michigan Strategic Fund awarded largest federal STEP award in the nation for fifth consecutive year Funds expected to assist more than 350 Michigan companies in increasing international sales LANSING, Mich. – Governor Gretchen Whitmer joined the Michigan Economic Development Corporation today to announce Michigan has received the top award in the nation from the U.S. Small Business Administration (SBA) State Trade Expansion Program for the upcoming fiscal year. Michigan received $2 million in federal
Friday, September 10, 2021OSHA To Require Employers With 100-Plus Employees to Mandate COVID-19 Vaccines or Testing
The White House announced on September 9, 2021, that the Department of Labor’s Occupational Safety and Health Administration (OSHA) is developing an Emergency Temporary Standard (ETS) that will require all employers with 100 or more employees to ensure their workforce is fully vaccinated against COVID 19 or require any workers who remain unvaccinated to produce a negative COVID 19 test result on at least a weekly basis before coming to work. Employers must also provide paid time off to employees for the
Friday, September 10, 2021Lt. Governor Gilchrist Announces Detroit Chosen for Pilot Program to Support Small Business and Improve Delivery Service to Residents in Corktown
Kiwibot robots to address last-mile challenges; reaffirms Michigan’s leadership in real world mobility testing and deploymentsLANSING, Mich. - Lt. Governor Garlin Gilchrist II announced Detroit has been selected as one of four cities nationwide to pilot personal delivery technology that will provide safe delivery solutions for small businesses owners and increase access to goods for Detroit residents in response to increased demand for e-commerce delivery as a result of the pandemic. “This pilot with
Tuesday, August 31, 2021AAPISTRONG Proudly Unstoppable Fund
$5,000 Grants Available Nationwide, application deadline September 10, 2021 The National Asian/Pacific Islander American Chamber of Commerce and Entrepreneurship (National ACE) is committed to elevating and celebrating AAPI-owned small businesses. National ACE is proud to partner with UPS to invest in keeping AAPI-Owned small businesses moving forward*. COVID-19 has impacted small businesses across the U.S. & the minority small business community has been especially hard hit.*The application closes at
Wednesday, August 25, 2021FDA Grants Full Approval to Pfizer’s COVID-19 Vaccine
After months of waiting, the U.S. finally has an approved vaccine for the coronavirus. The Food and Drug Administration Monday granted full approval of the Pfizer/BioNTech COVID-19 vaccine. It’s the first vaccine to be granted full approval, after previously having been granted emergency use authorization. Health officials had previously thought it would be closer to the end of August before final approval was granted. According to the FDA, full approval means Pfizer has shown enough effectiveness and
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Wednesday, August 25, 2021House Approves $3.5 Trillion Budget Blueprint
On Tuesday, August 24, the House passed a measure approving a $3.5 trillion budget blueprint, paving the way to advance President Biden’s economic agenda. Significant hurdles remain before a budget bill is passed. It is expected that Democrats will try to pass their proposal without a single vote from Republicans using the reconciliation process; therefore, it will need almost full support from Democrats in both chambers of Congress. The proposal is expected to expand the social safety net while imposing
Wednesday, August 25, 2021Fiserv Helps More Businesses Get Back2Business with Expanded Commitment to Minority-owned Small Business Community
Company designates $50 million for its Back2Business program, designed to help small minority-owned businesses affected by COVID-19 pandemic, and associated initiativesBROOKFIELD, Wis.-- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced today that is has designated $50 million for investment in its Back2Business program and associated initiatives, an increase from an initial $10 million investment announced in 2020. Part of the Fiserv
Thursday, August 19, 2021Gov. Whitmer announces more than $2.5 million available to help Michigan businesses address talent shortages
Michigan Industry Cluster Approach 3.0 funding proposals due to Michigan Department of Labor and Economic Opportunity by Sept. 21LANSING, Mich.— Gov. Whitmer joins the Michigan Department of Labor and Economic Opportunity (LEO) to announce a competitive Request for Proposals to develop and launch the Michigan Industry Cluster Approach 3.0 (MICA 3.0) initiative. There is $2.5 million available to fund grant awards to support the development of a new, or the revitalization of an existing employer-led
Friday, June 04, 2021GM Partners with APACC to support AAPI Small Businesses
General Motors is partnering with the Asian Pacific American Chamber of Commerce to support the Asian American Pacific Islander small business community by helping up to 100 AAPI-owned small businesses and individual professionals gain access to APACC membership, resources, and programming. “This partnership delivers upon GM’s efforts to foster the growth and sustainability of diverse small businesses,” said Reginald E. Humphrey, Director, DEI Partnerships at General Motors. “Supporting local business with
Monday, May 24, 2021GM Partners with APACC to support AAPI Small Businesses as APACC launches SBAC
General Motors partners up with the Asian Pacific American Chamber of Commerce (APACC) to support Asian American Pacific Islander (AAPI) small business community by helping up to 100 AAPI-owned small businesses and individual professionals gain access to APACC membership, resources, and programming. "This partnership delivers upon GM's efforts to foster the growth and sustainability of diverse small businesses," said Reginald E. Humphrey, Director, DEI Partnerships at General Motors. "Supporting local
Friday, May 14, 2021Confronting COVID-19-Related Harassment of Asian American and Pacific Islander Students in Schools/ A Resource for Families
The U.S. Department of Education and U.S. Department of Justice issued Confronting COVID-19-Related Harassment in Schools, a resource for students and families, to share information about schools’ obligation to investigate and address discrimination, including harassment, targeting students because of their race or national origin. The fact sheet responds to a recent increase in discrimination, including harassment and violence, directed at Asian American and Pacific Islander (AAPI) individuals, including
Thursday, April 22, 2021The Michigan Opportunity: A Podcast
Through dynamic discussion, The Michigan Opportunity markets the state and promotes Michigan as a world-class business location. The podcast serves as a forward-thinking voice for Michigan as a conduit to global trends and applications in the new global economy. Few of the recent podcasts:Ep. 7 - Birgit Klohs, former CEO of The Right Place Former President and CEO Birgit Klohs worked at The Right Place, Inc. for over 33 years, with great success. During her conversation with us she discusses how she
