Mainvest Reports Positive Small Business Trends, Despite COVID-19
SALEM, MA / ACCESSWIRE / May 20, 2021 / In March 2020, small businesses collectively faced the greatest challenge of a generation. Typically running on thin margins with inflexible and inaccessible financing solutions, some shut down permanently when news of a pandemic-driven shutdown hit; others quickly pivoted to alternative models, and even more took a hiatus. While the public and private sectors tried to quickly rescue struggling Main Street businesses, many efforts tended to be complicated, difficult to access, or too small in scale.
Alternatively, small business investment platform Mainvest has found one approach that has resulted in some promising trends that exemplify the resilience of small businesses when they are supported by capital from within their communities. Mainvest enables small businesses to raise capital through an innovative new investment vehicle called the Revenue Sharing Note.
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By Daniel Sheehan, Reporter Staff
January 7, 2021
Daniel Sheehan, Reporter Staff
PS Gourmet coffee store will open in newly renovated space at the high-profile intersection of Gallivan Boulevard and Adams Street. Bill Forry photo
A popular iced coffee chain whose Adams Corner location was shuttered by a fire in 2017 is set to make a return to the neighborhood in the coming weeks.
John Lydon, who owns the property at the corner of Adams Street and Gallivan Boulevard where PS Gourmet will set up shop, said the “building is moving along” in its final stages of repairs and retrofitting since a separate fire displaced tenants including Windy City Pizza in 2019.