GRAND RAPIDS - Tetra Discovery Partners, a drug discovery company developing a portfolio of innovative drugs for psychiatric, neurological and inflammatory diseases, announced additional private financing. The company has received additional financing from previous seed investor Grand Angels, as well as an investment by Johnson & Johnson Development Corporation. Tetra additionally announced the formation of
KALAMAZOO - Vestaron Corporation, a company that designs environmentally friendly insecticides, announced the final close of its Series C Financing. Anterra Capital, based in the Netherlands, added $4 Million to the $10 Million previously announced to bring total funding to $14 Million. Anterra Capital is jointly funded by Moonray Investors, the proprietary investment arm of
ANN ARBOR - Welcome back to Michigan, Kathryn Gardner, MVCA?s newest Fellow. Kathryn starts her Fellowship at Arboreum Ventures, and The Michigan Venture Capital Association, in its latest eNewsletter, asked her to introduce herself to the MVCA community. How did you find out about the Fellows program? What advantage do you think the Fellows program
ANN ARBOR - After years on the tech scenes in San Francisco and New York, and with serious start-up and customer acquisition successes to his credit, Shelby Twp. native Shane Bliemaster watched Southeast Michigan?s tech industry growth with more than just passing interest. And, in return, the burgeoning tech start-up scene wouldn?t stop trying to
DETROIT - The Southeast Michigan Purchasing Managers Index for October is 54.7, down slightly from September?s 59.4. A PMI value above 50 generally suggests economic growth. ?We continue to enjoy a bright economic outlook, said Timothy Butler, associate professor of supply chain management at Wayne State?s School of Business, who interpreted this month?s results. Key
EAST LANSING - The Michigan Association of Conservation Districts honored Kenny Price, Chairman of the Jackson Conservation District, with the 2014 Director of the Year Award on October 28th. The award, presented during the MACD Annual Convention held in Bellaire, honored Kenny Price for his outstanding support, advocacy and leadership in natural resource conservation at
LANSING - The Michigan Economic Development Corporation, the city of Ironwood, Downtown Ironwood Development Authority, Downtown Art Place, and the Historic Ironwood Theater announced a new crowdfunding campaign through Michigan-based crowdfunding platform Patronicity to help build a new downtown Art Park. ?The Ironwood Art Park will be a great addition to the city by providing
GRAND RAPIDS ? More than $95 million will be invested over the next six years in the Gerald R. Ford International Airport, including construction of the Consolidated Checkpoint & Marketplace, reconstruction of the terminal apron, and reconstruction of the north and east parking lots. The airport board Wednesday approved a capital improvement plan for projects
DETROIT ? With some 24 electric-vehicle charging stations installed at the MGM Grand parking garage, Delta Products Corporation boost the largest single installation of Smart electric vehicle charging technology in the state ? thanks to a three-year grant from the U.S. Energy Department. ?We are thrilled to work with the DOE, DTE Energy, Mercedes Benz
NOVI ? ITC Holdings Corp. reported net income increased 25 percent for the third quarter ended Sept. 30 on a 13 percent uptick in revenue. Net income for the third quarter was $73.9 million, or $0.47 per diluted common share, compared to $59.0 million or $0.37 per diluted common share for the third quarter of