FARMINGTON HILLS - Beringea LLC said it has led a recapitalization of White Pigeon-based Fiber By-Products Corp., a processor, recycler and manufacturer of wood products. Beringea's investment will enable FBP management to pursue an expansion of the company's footprint and operating capacity. Terms were not announced. FBP recycles wood waste generated from a variety of
LANSING - The Michigan Economic Development Corporation Wednesday announced state incentives for six community redevelopment projects that are projected to total more than $82.2 million in private investment and 213 new, direct jobs in Michigan. In addition, the board approved a 2013 Early Stage Funding Request for Proposals to solicit applications from nonprofit organizations that
LANSING - Following President Barack Obama's speech on climate change, leading environmentalists in Michigan hailed his proposals Wednesday, especially the new restrictions on carbon emissions from power plants. "The president called for first ever limits on carbon pollution from new and existing power plants," according to Wibke Heymach, Michigan state field organizer for Moms Clean
DETROIT - David B. Cotton, MD, Founder and CEO of Meridian Health Plan was named the Ernst & Young Entrepreneur Of The Year 2013 in the Michigan and Northwest Ohio region for Consumer Services. "Building this company over the past 15 years and working with all of the wonderful Meridian family has been an honor
TROY - Altair announced the release of an upgraded technology package that brings together all the tools that engineers require for the complete design and analysis of vehicle powertrains. Altair revealed that SimLab 12.0, a software tool created specifically as a pre-processor for detailed computer models of complex powertrains, has been released as part of
ANN ARBOR - The University of Michigan Library has received a $1.25 million grant from the Andrew W. Mellon Foundation to create an endowed Conservation Librarian position. This new position will enable the library to expand its well-established conservation program, which plays a vital role in ensuring that the library's vast print collection is available
NOVI - ITC Holdings Corp. Wednesday announced that it has priced an underwritten public offering of $550 million aggregate principal amount of senior unsecured notes. The notes include $250 million aggregate principal amount of 4.05 percent senior notes due 2023 and $300 million aggregate principal amount of 5.30 percent senior notes due 2043. ITC expects
GRAND RAPIDS - Governor Rick Snyder on Tuesday continued to advocate for Michiganders to call their senators and tell them to take a vote on the House-passed Medicaid reform bill as soon as they can, adding that the later Michigan waits to do so the worse off it will be when the federal Patient Protection
DETROIT - The deadline to submit an application for the DTE Energy SolarCurrents customer-owned pilot program is July 23. . The expansion of the SolarCurrents program has added two megawatts of capacity in four offerings of 500 kilowatts each this year and next. DTE Energy customers interested in participating in the second offering must submit
GRAND RAPIDS - The culture has improved for entrepreneurship in West Michigan, says a new report by Grand Valley State University researchers. The authors of the report, Paul Isely, professor of economics; Sridhar Sundaram, professor of finance; and Michael Kurley, a student at Center for Entrepreneurship and Innovation, found two key improvements since the original