Remove Finance Remove Income Remove Michigan
article thumbnail

These Cities Are Becoming More Affordable for Renters

Pro Builder

More than 40% of renters pay more than a third of their income on housing costs, meaning affordability typically affects renters more than it would homeowners, according to Smart Asset. Between 2016 and 2019, rent as a percentage of income fell by almost 8%. Mon, 11/16/2020 - 10:37. Coastal cities dominate the top of our list.

article thumbnail

SBA 504: Funding Business Growth with Less Capital

Wolgast Corporation

Have you had a net worth under $15M and an average net income less than $5M for the past 2 years? 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 ”. Do you own your building or want to own your building?

Banking 62
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Homeownership Wealth Gains for Second Quarter of 2020

Pro Builder

Based on the 2019 Survey of Consumer Finance data, homeownership accounts for 90% of total wealth among all families. In the bottom 20% income percentile, a home accounts for 99% of total assets, compared to 42% for families in the top 10% income bracket. Homeownership Wealth Gains for Second Quarter of 2020. cbroderick.

article thumbnail

Industry Focus: Global Aerospace Production Soars To New Heights

Business Facilities

MICHIGAN: REINVENTING STATE SUPPORT FOR AEROSPACE/DEFENSE. Many know Michigan as a global center of the auto industry and some know its leading positions in office furniture manufacturing, venture capital growth, food processing and other industries. Photo: Michigan Economic Development Corporation.).

article thumbnail

Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

Tennessee is proud to be a right-to-work state with no personal income tax on wages. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. North Carolina, Colorado and Virginia topped the chart in BF’s flagship Economic Growth Potential ranking.

article thumbnail

ABI Increases Modestly for Third Consecutive Month

PSMJ Resources

The Thomson Reuters/University of Michigan index of consumer sentiment dropped to a preliminary reading of 72.5 Furthermore, a 22% increase in the price of gasoline is pinching household finances, and serving as a reminder that the pickup in hiring has yet to boost incomes. Corporate Finance Associates blog. from 52.6,

article thumbnail

COVER STORY: Editors’ Location Picks

Buisness Facilities Contributed Content

Available to businesses of all sizes and a wide variety of industries, these incentives benefit business in many ways, including reduction or elimination of property, payroll, income and/or sales tax liability; customized job training; and special financing, grants and loans. University of Michigan, Ann Arbor campus.

Omaha 76