On May 14, 2022, Starnet Worldwide Commercial Flooring Partnership held a shareholder meeting for its voting stockholders of record. 

The $24 million debtor-in-possession financing will provide the company with the necessary liquidity to continue operating in the ordinary course as it pursues a swift, value-maximizing sale process.

The Employee Retention Credit (ERC) is a program created in response to the COVID-19 pandemic and economic shutdown, which incentivizes businesses with a refundable tax credit for maintaining their payroll during 2020 and 2021.

Starnet Commercial Flooring, the world’s largest network of full-service commercial flooring contractors, reveals the 2022 Starnet Design Awards Grand Prize Winner. Now in its 24th year, the annual competition honors the outstanding projects completed by the organization’s members in partnership with architects, designers and Starnet aligned manufacturing partners.

Long-time company leader and current president Jim Harley will retire. Jay Brown will take the helm as president and chief operating officer.

Shaw awarded scholarships to 140 students upon high school graduation to aid further studies. 

The flooring manufacturer based in Rüthen-Meiste, Germany, has published its first sustainability report, which outlines the goals the company has met and describes the company’s future strategic positioning in regard to sustainability.

The theme will explore questions about a healthy, natural and sustainable living in working and living spaces.

Prices of materials and services used in new nonresidential construction leaped nearly 21 percent in April from year-ago levels, according to an analysis of government data by the Associated General Contractors of America. 

Home builders warn of current deteriorating conditions as a sharp jump in mortgage rates in March and April coupled with ongoing building material supply chain disruptions, labor shortages and high inflation drive up housing costs.