Cash comes into your company via payments for services and products, typically related to invoices that you create for your customers. Cash leaves your company in the form of payments to employees and vendors. You can think of this system as a sink with a spigot pouring water (cash from invoices) in with an open drain (the checks to vendors and employees) taking water out at the bottom. … Read more >
Grants, tax breaks may add hundreds of positions as firms expand, relocate in Mich.
The Michigan Economic Development Corporation Tuesday approved incentives that would create up to 226 jobs in Metro Detroit and another 160 statewide.
The state approved a $500,000 grant so Alternative Automotive Technologies LLC would invest up to $5.7 million to relocate to an empty brownfield site in Troy, rehabilitate the property and expand operations there, creating up to 176 jobs.… Read more >
Gov. Rick Snyder announced Saturday the launch of the $12.8 million project to transform the abandoned Globe Trading Co. Building near the east Detroit riverfront into the Outdoor Adventure and Discovery Center.
“I want everyone to remember what that looks like today,” said Snyder during a press conference at Milliken State Park, gesturing across the street to the abandoned warehouse.… Read more >
Business exit strategies can take many forms. However, there are really only two primary objectives in any deal. One, the buyer wants to MINIMIZE the consideration paid relative to the after-tax cash flow of the purchased assets or operations, and two; the seller wants to MAXIMIZE the after-tax cash proceeds from the sale.… Read more >
Michigan’s median household income rose by 2.4% in real terms in 2011 — at a time when incomes nationwide fell slightly. That growth, eighth best among states, contributes to what might be a halt in Michigan’s years-long slide into deeper poverty, according to preliminary numbers released today by the U.S. Census Bureau.… Read more >