Grow Michigan was launched in 2012 with the mission to grow Michigan businesses and jobs by providing growth capital to Michigan business owners who do not have the required capital to grow their business. The original Grow Michigan fund (Fund…
Grow Michigan 2 announces partnership with First Independence Bank to make mezzanine funds available to minority owned businesses. Hear Pat O’Keefe, CEO from Grow Michigan, and Derron Sanders, board member of First Independence Bank, discuss the collaboration with Chuck Stokes…
Grow Michigan mezzanine financing can provide capital when there is insufficient equity from ownership or when a company has maximized its senior debt borrowing capacity. In the capital structure, Grow Michigan mezzanine capital sits between equity and collateralized debt. While…
It has been a big week for International trade in Washington. The U.S. and China signed phase one of a trade deal and the Senate passed the U.S.-Canada-Mexico trade agreement (“USMCA”). Seemingly great news, but what does it actually mean…
The U.S. economy added 145,000 jobs in December, which missed analyst expectations of 160,000. Although this number disappointed analysts, 2019 was a remarkable year for job growth. In totality, the U.S. economy had its 111th straight month of job creation…
