Ann Arbor, MI – The Book Industry Charitable (Binc) Foundation is launching BincTank, a bookstore business incubator pilot program to support entrepreneurs from historically underrepresented communities who are interested in opening or expanding book retail services. Applications for the first cohort will be accepted in early 2024. “Reading is the foundation for life’s opportunities,” said […]
Tag Archives: Small Business
Recently, a bookstore’s building flooded from heavy rains causing extensive damage to the business. Most of the store fixtures were damaged beyond repair, books and inventory were destroyed, and, due to structural damage to the building, the business was forced to close for nearly a month for repairs. All these losses on top of the […]
“After being in a freak bicycling accident in September 2020, I found myself with a huge pile of bills from the hospital, pharmacy, x-ray tech, surgeon, etc. Even after insurance the amount I owed was unmanageable. Then to top things off, my full-time job laid me off the day after my doctor released me to […]
Binc was recently contacted by the owners of a family-run comic book shop. They have been working mightily to keep their business afloat during the pandemic through a combination of in-store safety measures, online sales, and reducing expenses. As with many small shops, the store’s revenue pays both business and household bills. With the addition […]
We heard from a number of book and comic stores that they weren’t able to take advantage of these programs the first time around. Don’t be left out on the new funds soon to be available. Now is the time to plan your strategy! Paycheck Protection Program (PPP) Some good changes have been made for round […]