Member News

NVCA letter ask for clarification of Coronavirus Aid, Relief, and Economic Security (CARES) Act

Lead by the National Venture Capital Association (NVCA) a letter was sent to the U.S. Department of Treasury and Small Business Administration  urging for clarification that small businesses with equity investors will not be excluded from the 7(a) loan program under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This nationally signed letter included support from… read more

It’s a challenging time for startups around the world, and more than ever we need to be able to tap into the collective wisdom of our networks. That’s why we’re thrilled to introduce a new community where Michigan startup leaders can exchange help, advice, connections, resources, and ideas. It’s called Givitas, and it’s made by… read more

Cendrowski Corporate Advisors LLC: Estate & Gift Planning Impacts of COVID-19

The COVID-19 pandemic has greatly impacted the overall economy. The economic and legislative shifts are presenting opportunities for taxpayers to re-look at their gift and estate planning initiatives. In the current (hopefully, temporary) down market and low interest rate environment, there are strategies that taxpayers can employ to maximize the transfer of wealth while minimizing… read more

Beringea Provides U.S. Resources for Businesses Amid COVID-19

These are strange, unpredictable, and sad times. We have been quickly forced to find new ways to work and live; necessity continues to be the mother of all invention, and this time will be no different. For Beringea, some of our best investments have been in businesses forged in times of stress. With 35 years… read more

New MEDC Resources for Small Businesses

The Michigan Strategic Fund (MSF) Board approved $20 million in aid aimed at helping businesses affected by the closures ordered in response to the COVID-19 pandemic in a special virtual meeting today. Of the $20 million, $10 million is in loans and $10 million is in grants to help businesses affected by the COVID-19 pandemic,… read more

Detroit Small Business Stabilization Fund

Coordinated by TechTown Detroit, the Detroit Small Business Stabilization Fund will provide direct financial assistance to small businesses to help them through this period of decreased sales and activity caused by the COVID-19 pandemic. To donate, click here.

Michigan Department of Treasury: Small Business Taxpayers Provided Tax Assistance

Small businesses that have experienced disrupted operations due to the COVID-19 pandemic now have additional time to make their sales, use and withholding tax monthly payment, according to the Michigan Department of Treasury. Effective immediately, small businesses scheduled to make their monthly sales, use and withholding tax payments on March 20 can postpone filing and… read more

Midwest Growth Capital Symposium and InvestMidwest Partner to Present 2020 Midwest Venture Showcase – Online

Midwest Growth Capital Symposium and InvestMidwest Partner to Present 2020 Midwest Venture Showcase – Online In light of the continuing impact of the coronavirus, the Midwest Growth Capital Symposium has partnered with InvestMidwest to present a joint online company showcase titled the 2020 Midwest Venture Showcase! This online format will still showcase Midwest companies seeking… read more

COVID-19 Resources for MVCA Members

The Michigan Venture Capital Association (MVCA) continues to monitor the current COVID-19 situation and its impact on the State of Michigan. We are taking precautionary measures as it relates to our upcoming events for the next few months. As you know this situation is changing rapidly on a daily basis. Michigan Governor Gretchen Whitmer has… read more

New Requirements for Michigan-based Angel, Venture Capital and Private Fund Managers

The following information was provided by MVCA Service Provider, Warner Norcross + Judd, LLP relating to new rules for filing requirements in Michigan.  Effective as of January 3, 2020, most Michigan-based fund managers of angel funds, venture capital funds and certain other private funds must begin electronically submitting reports on Form ADV as an “exempt… read more