Minnesota's Busy Baby, stricken by tariffs, turns to crowdfunding

I'm a founder trying to save my company from the impact of tariffs. I've got 2 months.

Matthew Hassett, founder and CEO of Loftie, is trying to boost the company's subscription software business to give the company time to rework its supply chain.Courtesy LoftieMatthew Hassett is the founder and CEO of Loftie, which makes digital clocks and lamps in China.The company is facing tariffs above 100% on the goods it imports to the US.Hassett is trying to boost Loftie's software business so it has time to adjust its supply chain.This as…

Minnesota's Busy Baby, stricken by tariffs, turns to crowdfunding

Busy Baby, a baby product manufacturer that's scored vendor deals with Walmart and Target, says soaring U.S. tariffs on imports from China represent an "existential threat." The veteran-owned company has turned to community crowdfunding for help.

Busy Baby founder turns to crowdfunding to pay China tariff and keep business afloat

ORONOCO, Minn. — Running out of inventory and options as she looks for a path to save her company wrecked by tariffs, Beth (Fynbo) Benike is trying to crowdfund $229,000 to pay what she describes as a “ransom” on three months' worth of Busy Baby products stranded in China, where they were made. Benike, who last month was named Minnesota’s Small Business Person of the year by the Small Business Administration, said it was not an easy decision to …

Tariffs affecting baby gear: 97 percent of baby strollers the US imports comes from China

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As part of its efforts to promote financial education, the Moroccan Capital Market Authority (AMMC) has just published a new edition of the investor guide on crowdfunding. The post Crowdfunding: AMMC publishes a ninth edition of its guide appeared first on LesEco.ma.