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American Writers Museum opens on Chicago’s Michigan Avenue

BD+C

Located in an ordinary building whose bottom floor is occupied by a bank at 180 N. Michigan Avenue is a museum the likes of which can’t be found anywhere else in the country. The American Writers Museum, a project seven years in the making, officially opened to the public on May 16.

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SBA 504: Funding Business Growth with Less Capital

Wolgast Corporation

In one of our earlier blogs, we shared with you details of the Small Business Association’s 504 loan in “ Easy Financing for Small Business Growth in Michigan ”. It is still a nominal rate spanning a longer term than the traditional bank loan. Being able to finance 80-90% of the cost couldn’t be a better deal for these companies.

Banking 62
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$25 Million Pledged for Economic Development Partnership in Flint, Michigan Amid Water Crisis

Buisness Facilities Contributed Content

The FlintNOW Foundation and Huntington Bank have announced a multi-million economic development partnership aimed at boosting the economy of Flint, Michigan, and providing relief to local businesses and residents affected by the ongoing water crisis in that city. Flint, Michigan.

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15 Cities, Counties Join Green Buildings Leadership Program

Business Facilities

In partnership with Bank of America, USGBC LEED for Cities certification has provided over $2 million to accelerate action on climate change, resilience, and social equity.

Equity 101
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Snapshots: 60 Seconds… With Michael Finney, President And CEO, Michigan Economic Development

Buisness Facilities Contributed Content

Michael Finney, President and CEO, Michigan Economic Development. BF: The Michigan Business Development program offers cash incentives in increments up to $10 million. They are commercializing technology that comes from a spinoff from the FRIB, the Facility for Rare Isotope Beams, at Michigan State University.

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Rising Mortgage Rates Cripple Homebuyer Confidence

Pro Builder

The most recent rate hike pushed the University of Michigan consumer sentiment index to a record low, revealing the waning confidence of homebuyers even in an economy sustained by low unemployment rates. . Rates were gradually increasing throughout the week, then shot higher on Friday with the Consumer Price Index release.

Equity 52
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Loan Denial Could Cost Cat Millions

Construction Equipment

Caterpillar’s mining division could lose up to $650 million in sales if Minnesota and Michigan lawmakers convince U.S. Export-Import Bank to deny financing for an Australian mine, according to the Milwaukee Journal Sentinel.'