Banking & Finance

How Jason Industries ended up filing for bankruptcy

Quinpario Acquisition Corp. paid nearly $540 million to acquire Milwaukee-based Jason Industries in 2014. That same year, Jason had more than $700 million in revenue and its sales had grown for several years coming out of the Great Recession.

Milky Way Tech Hub to launch $50 million fund to invest in tech companies owned by minorities

Jet Constellations is launching a $50 million dollar fund through its social impact arm, The Milky Way Tech Hub. A main focus of the fund will be to invest in tech companies owned by people of color and other underrepresented individuals.

U.S. SBA reopens EIDL to all businesses

The Economic Injury Disaster Loan is now available to all businesses after the U.S. Small Business Administration limited which businesses could apply in May.
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Johnson Financial Group to sell Arizona branches to Heartland Financial USA

Arizona Bank & Trust, a subsidiary of Heartland Financial USA, Inc., agreed to purchase multiple banking centers from Johnson Bank, the financial institution recently announced.

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