Despite ongoing financial problems, Michigan's economy has been reinvigorated by entrepreneurs and dynamic new businesses. Most of these startups require significant funding to get off the ground, causing their founders to reach out to friends, families or area investors for support. It can be tempting to contribute heavily; the last decade alone has seen small startups like Facebook, Twitter and Groupon explode into hugely profitable companies. However, it is important to remember that for every Facebook, there are thousands of startups that utterly fail.
Michigan nonprofit faces lawsuit over firing
A prominent Michigan nonprofit faces litigation after a former employee claims she lost her job with the Christian organization due to the failure of her marriage. The woman sued InterVarsity Christian Fellowship in a Michigan district court, accusing the corporation of wrongfully terminating her in 2011 after she was unsuccessful in reconciling her marriage and divorcing her husband.
CFPB vows vigilance against payroll cards
The Consumer Financial Protection Bureau says it will fully enforce all consumer protection laws in order to prevent the potential abuse of mandatory payroll cards, an increasingly popular way for employers in Michigan and other states to pay their workers. The cards require workers to pay a fee to withdraw their paychecks, raising concerns that they may be illegal.
Video production firm sues Michigan pizza chain
Michigan-based pizza chain Cottage Inn Pizza, Inc. is accused of failing to pay the production company it hired to produce a series of commercials. 3P Presents, a firm founded by a pair of University of Michigan Alumnus, filed a breach-of-contract lawsuit against the pizza chain, asserting that the defendant failed to pay the total price the parties agreed upon their contract.
