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Local businesses across the state will have the chance for a major expansion grant of $25,000 this month. For small businesses, expansion is difficult and often cost prohibitive. Over the past few years, between pandemic restrictions and inflation, small businesses in Michigan have struggled to make a profit and grow — and this grant opportunity can help them. The Michigan Economic Development Corporation is providing a grant called Match on Main to help struggling small businesses. Originally intended to help businesses cope with the cost of adapting to COVID-19 restrictions, the Match on Main grant can now be used to help a business stay on its feet or expand in difficult times. The goal of the program is to support the growth and expansion of small businesses statewide, and help those businesses create and maintain jobs. "This grant helps businesses launch or grow," said Sault Ste. Marie DDA Director Stephanie Sprecker. "The grant can be used for many different things but it helps businesses to expand." The grant has already gone through multiple rounds since its inception, providing businesses across the state with much-needed funding. That includes, in November, two small businesses in Sault Ste. Marie. One of the […]

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The firm shares 2023 predictions and insights related to technology M&A, financings, capital markets dynamics and tech trends to watch in its sixth annual outlook report. NEW YORK and SAN FRANCISCO, Jan. 18, 2023 /PRNewswire/ — Following the challenges of 2022, Union Square Advisors , a technology-focused investment bank, forecasts enticing deal opportunities in the technology industry this year. These perspectives and other insights are showcased in the firm’s 2023 Outlook Report, "Navigating the Path Forward" , released today. Union Square Advisors notes that 2022 created a difficult deal-making environment, marked by stubborn inflation, the war in Ukraine, chronic supply chain problems and the lingering effects of COVID-19. While the firm expects to see volatility continue this year, it is optimistic that the fundamentally solid US economy will lead to a calmer deal making environment. The firm believes the present economic downturn is nearing the bottom and that markets will turn for the better in 2023, with Americans possessing $4+ trillion in savings collectively, individual and institutional investors becoming more eager to provide financing, many companies still hiring and the Federal Reserve moving aggressively to curb inflation. The report delves into more detail on the following trends in technology, […]

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Cult London-based streetwear brand Corteiz is launching its first major brand tie-up. On Monday night, a large Corteiz logo was projected onto the front of Nike’s flagship store on London’s Oxford Street. Passers-by posted it on TikTok, speculating that it was yet another stunt from Corteiz founder Clint419, akin to his past guerrilla pop-up moments on the streets of London or Paris. In fact, it was not a prank. It was a hint at what is to come: Nike has confirmed a collaboration will launch in the coming months. Corteiz has been one of streetwear’s biggest disruptors since its launch in 2017. Along with its unique, exclusive and innovative marketing strategy, no drop is ever the same; a tactic designed to keep its cult fanbase engaged. The pieces feature its distinctive Alcatraz logo, which represents rebellion against convention. Retail prices range from £30 for T-shirts to £125 for cargos. Although in its infancy, the brand has garnered celebrity backing, including from British rappers Dave and Central Cee. Its previous collaborators include Nigerian streetwear label Motherlan and Manchester-based rapper Meekz. Nike declined to share further details on the tie-up, which follows its high-profile collaborations with labels including Stüssy and Jacquemus. […]

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If diving into entrepreneurship was on your list of New Year’s resolutions this year, you might be wondering how to position yourself for maximum success. Maybe you’ve already checked some of the essentials off your list: You’ve come up with a business idea , started market research and gotten critical feedback . But you should also consider what could go wrong and get ahead of it. Something as simple as where you launch your venture could mean the difference between if it flourishes — or fails. According to the U.S. Small Business Administration , your business location is "one of the most important decisions you’ll make," as it impacts your taxes, legal requirements, revenue and more. Wallethub compared the 50 states across 27 key indicators of startup success to zero in on the best place to start and grow your next big idea . Here’s what it found: Overall Rank: 1 State: Utah Total Rank: 59.91 Business Environment: 7 Access to Resources: 1 Business Costs: 32 2 Florida 59.21 1 14 24 3 Texas 56.85 3 12 31 4 Colorado 56.14 4 7 35 5 Idaho 55.88 9 21 10 6 Georgia 55.37 5 26 19 7 Arizona 53.79 […]

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Amazon reportedly plans to lay off 10,000 workers this week 00:00 00:0004:16GO LIVE Facebook Twitter Email Embed SpeedNormal Autoplay Amazon’s workforce reduction – the largest in its history – will begin Wednesday. Earlier this month, Amazon CEO Andy Jassy told employees in a blog post that the company was laying off about 18,000 people as it seeks to cut costs and would begin contacting impacted employees on Jan. 18. "Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so," Jassy said in the Jan. 4 post. "These changes will help us pursue our long-term opportunities with a stronger cost structure." Amazon declined to comment beyond the blog post. Ticker Security Last Change Change % AMZN AMAZON.COM INC. 98.12 +2.85 +2.99% Powered By The layoffs , which are just a fraction of its 1.5 million global workforce and part of the company’s ongoing annual operative review, will mostly impact the company’s Amazon Stores division — which encompasses its e-commerce business as well as company’s brick-and-mortar stores — and its PXT organizations, which handle human resources and other functions. Amazon’s workforce reduction – the largest in its history – will begin Wednesday. Jassy first […]

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Chronic delays and billions in overruns have set back the company’s space programs while nimbler rivals pose a longer-term threat. F or embattled Boeing, one thing that went right last year was NASA’s Artemis I mission. The aerospace giant’s Space Launch System, the most powerful rocket yet to fly, propelled a mannequin-filled crew vehicle to the moon and back in a dry run for a return of Americans to the lunar surface. Sure, the Space Launch System was four years behind schedule and came in at a 30% higher cost than the $9 billion initially budgeted to develop it. But Jim Chilton claims it as a win for Boeing’s space division, which he’s headed since 2016. “Last year we tasted a lot of success,” he told Forbes . His highlights include an unmanned test flight of Boeing’s Starliner capsule, which docked at the International Space Station as Boeing seeks to prove it can fulfill a NASA contract to ferry astronauts and cargo back and forth to the outpost, and the launch of the first two of a new class of software-defined commercial communications satellites that Boeing developed. But like the Space Launch System, Chilton’s successes come with asterisks: they […]

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The FBI building in Washington, DC. The following is an excerpt from "SPYFAIL: Foreign Spies, Moles, Saboteurs, and the Collapse of America’s Counterintelligence" by James Bamford. An alleged spy within the FBI may be largely responsible for unraveling the CIA’s Chinese spy network. Top editors give you the stories you want — delivered right to your inbox each weekday. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . The FBI’s website carries a stark warning. "The counterintelligence and economic espionage efforts emanating from the government of China," it says, "are a grave threat to the economic well-being and democratic values of the United States. Confronting this threat is the FBI’s top counterintelligence priority." But far worse is the threat to the lives of scores of courageous Chinese agents who have volunteered to spy for the U.S. within their own country. Over the past decade, more than a dozen agents recruited by the CIA have been killed or imprisoned. […]

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Lee and Penny Anderson on Tuesday pledged $75 million toward a new basketball and hockey arena at the University of St. Thomas. In the early 1960s, Lee Anderson was on his way to a military career with a civil engineering degree from West Point. But when his father, Reuben, had a heart attack in 1964, he returned to the Twin Cities to take over the family’s plumbing supply business in New Brighton. At the time, the successful small business had $1 million in annual revenue, he said in 2019. Five years later, Anderson acquired a fire sprinkler supply business — the first of many companies to be added to what would eventually become APi Group. By the time Anderson sold APi — a conglomerate of construction and fire-protection businesses —for $3.5 billion in 2019, its annual revenue was nearly $4 billion. On Tuesday, Anderson and his wife, Penny, pledged $75 million toward building a new basketball and hockey arena at the University of St. Thomas. In 2005, the Andersons gave $60 million to the university for the Anderson Athletic and Recreation Complex. University of St. Thomas President Rob Vischer said the couple "have been very generous benefactors of the […]

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BUFFALO, N.Y. — The price hikes on eggs continue to hit Western New Yorkers, leaving shoppers worrying whether grocery stores are price gouging those items. The Better Business Bureau says before you buy a carton of eggs, try comparing prices at other local grocery stores. You may have noticed that eggs are averaging $4.20 for a dozen – much higher than the $1.51 price tag in 2020. According to the U.S. Labor Statistics, the price of eggs has increased by 49% in the last two years. The Better Business Bureau is also offering some advice if you suspect any price gouging. The BBB says it happens during shortages or emergencies. But there are no recent reports of price-gouging eggs, but is investigating any reports of it. If you believe you’re being scammed, you can file a report on The Better Business Bureau website . They ask to take pictures of the items and compare them to other stores. And before you file a claim, they recommend rectifying the issue with the business owner. If unsatisfied, the Better Business Bureau will accept your complaint through their scam tracker and investigate the situation. If the business decides to respond, you will […]

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The Taliban took over Afghanistan in the summer of 2021 but governments around the world are still grappling on whether to recognize the hardline Islamist regime. The Twitter accounts of at least two Taliban officials were sporting blue ticks on Monday, per the BBC. That sparked an outrage and by Tuesday, the ticks appear to have been removed. Governments around the world the world are still grappling with whether to recognize the hardline Islamist regime. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Top Taliban officials and their supporters — who sported Twitter’s $8 a month blue verified badges up until Monday — appear to no longer be Twitter verified after a BBC report sparked outrage . The BBC reported Monday that the Twitter accounts of at least two Taliban officials and four well-known supporters of the regime were […]

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