7.9.21

Friday Five Business Briefing – July 9, 2021

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Here’s news you can use in a constantly changing business environment, including improved optimism among consumers; grant money for commercial vehicles; the value of acting like you have nothing to lose; and more.

  1. Consumers are optimistic — Consumer sentiment in June rebounded to the second-highest level since the start of the COVID-19 pandemic. At the same time, inflation and unemployment expectations fell. Read more about the anticipation of a stronger market according to the University of Michigan.
  2. Grants for greener commercial vehicles — $16 million in grants is available for electric, hydrogen fuel cell or diesel-electric hybrid commercial and mass transit vehicles through the Fuel Transformation Program. Explore details and watch a webinar about the program by the Michigan Chamber of Commerce.
  3. Mental health first aid — One in five American adults experience a mental health disorder each year. For businesses, untreated mental illness costs $105 billion, mostly due to lost productivity. The National Council for Mental Wellbeing offers tips for transitioning to the new normal and mental health first aid at work.
  4. Act like you have nothing to lose — A do-or-die philosophy has often been cited as the foundation for many entrepreneurs’ success. Learn about the five keys to mastering this strategy by Entrepreneur.
  5. Travel safely — Now that we’re getting back to business and personal travel, it’s time for a refresher on keeping your digital data safe from hackers. Discover how to avoid common—and costly—cyber mistakes according to USA Today.

Thank you to our Friday Five sources: University of Michigan, National Council for Mental Wellbeing, Michigan Chamber of Commerce, Entrepreneur and USA Today.

Do you have business banking questions? Contact our knowledgeable commercial loan officers online or call 800-991-2221. We’re also available to help in person at your local office.

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Consumers business services

Do you have business banking questions? Contact our knowledgeable commercial loan officers.

Learn more

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