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 Kozi Checks & Balances TaxTactics News 
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February 01.2025
2 Minutes Read

Detroit Pistons and Comerica Bank Launch Initiative to Empower Local Entrepreneurs with SHOP313

SHOP313 modern blue business trends logo on white.

Detroit Pistons Join Forces with Comerica Bank to Empower Local Entrepreneurs

The Detroit Pistons, in collaboration with Comerica Bank, have unveiled the exciting SHOP313 Pop-Up Shops initiative, aimed at bolstering Metro Detroit’s small business ecosystem. Kicking off on January 31, 2025, this program showcases 28 Michigan-based businesses over the course of the 2024-25 NBA season.

Highlighting Small Businesses at Every Game

As part of an ongoing commitment to support local entrepreneurs, seven small businesses will be spotlighted during each designated Pistons game, drawing thousands of potential customers. Six companies will have the chance to connect directly with fans in a designated area within Little Caesars Arena, while one business will enjoy suite access for exclusive networking opportunities. This exposure promises to create significant brand awareness and customer engagement for the participating enterprises.

Digital Marketing Boost for Emerging Businesses

Alongside the physical presence at games, participating businesses will receive valuable support through digital marketing. The Pistons’ robust online presence ensures that each featured business gains visibility, not only through in-arena advertisements but also through extensive promotions on social media platforms and the team’s website.

A Look at the Launching Businesses

Among the first wave of businesses to be featured are: Dynamic Roofing from Carleton, renowned for their expertise in asphalt roofing; Happy Deals LLC, a family-owned home goods store from Detroit; and SkinbarVII, a high-end facial spa dedicated to luxurious skincare. Each business brings unique services and products to the community, reflecting the vibrant diversity that makes Metro Detroit thrive.

Long-term Commitment to Community Growth

Meghan Storey, Comerica Bank’s Senior VP, emphasized the firm’s dedication to helping local businesses thrive. The partnership with the Pistons represents an innovative approach to increasing these businesses' visibility and overall viability within their communities, ultimately contributing to the economic growth of the region.

In an era where small businesses face unprecedented challenges, initiatives like SHOP313 pave the way for resilience and success, showcasing the power of community collaboration.

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Discover Effective Payroll Data Solutions for Small Businesses in 2026

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Unlocking Chile's Economic Growth: The Critical Need for Capital Allowance Reforms

Update Capital Allowances: A Barrier to Growth In fewer than four months, Chile will usher in its new president, José Antonio Kast, as part of ongoing economic reforms. Both he and his opponent, Evelyn Matthei, have called for a reduction of the corporate tax rate from 27% to 23%, aiming to stimulate growth. But merely lowering the headline rate will not address more profound issues embedded in Chile's tax system. A critical examination reveals that Chilean companies grapple with the harshest capital allowances in developed countries, alongside a worldwide tax system that puts them at a competitive disadvantage on the global stage. The Impact of Weak Depreciation Allowances Chilean firms are burdened by restrictions that limit their ability to recover investment costs through depreciation deductions. Currently, businesses can only claim a fraction of their costs; for example, they may deduct a mere 70.6% of machinery investments. This compares unfavorably to the OECD average of 85.7%, revealing a structural weakness that discourages robust capital investment crucial for long-term economic health. Worldwide Taxation: A Systemic Challenge Additionally, the persistence of a worldwide tax system is another barrier. Unlike most OECD countries, which have shifted toward territorial tax systems that exclude foreign income from domestic taxation, Chilean firms must navigate a complex tax landscape that includes foreign-earned income. This outdated model forces Chilean companies to contend with higher taxes than their international counterparts, further stunting their competitiveness abroad. Reforms for a Competitive Tomorrow To truly enhance economic growth, Chile must consider radical reform—returning to full capital expensing and adopting a territorial tax system. Full expensing would grant companies the ability to immediately deduct investments, thereby relieving capital cost burdens that inhibit growth. Meanwhile, transitioning to a territorial system would help level the playing field for Chilean companies competing in foreign markets. Predictable Pathways to Progress The transition to a modernized tax system is a critical opportunity for Chile’s incoming administration. By enacting reforms that prioritize efficient capital cost recovery and competitiveness, the government could transform an outdated system into a springboard for economic revitalization. As the world watches, Chile's pending reforms could steer the nation toward a more prosperous future, one where innovation and investment are not stifled, but inspired.

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