GRAND RAPIDS - The Michigan Strategic Fund Board has approved an additional $1.4 million to be allocated to the Michigan Emerging Technologies Fund, managed by the Michigan Small Business and Technology Development Center in partnership with the Michigan Economic Development Corp. The ETF provides commercialization funding to match federal Small Business Innovation Research and Small
LANSING - The Michigan Economic Growth Authority Tuesday approved tax incentives for 15 companies choosing to expand or locate in Michigan, as well as two brownfield redevelopment projects. The companies estimate the projects will generate up to $205.2 million in new private investment, adding or retaining a projected 4,022 jobs. ?The reinvention of Michigan starts
ANN ARBOR - NSF International said Tuesday that it has acquired Pharmalytica Services, a pharmaceutical contract laboratory based in Bristol, Conn. Financial terms were not announced. Pharmalytica provides a full range of official ?good laboratory practices? and ?good manufacturing practices? analytical services to the pharmaceutical and biotechnology industry from discovery support through commercialization. The company
LANSING - The first shockwaves already are emanating from Gov. Rick Snyder's expected budget proposal for the 2011-12 fiscal year with sources telling Gongwer News Service that Snyder plans a 15 percent cut in aid to public universities and a cut of about $200 million in revenue sharing to local governments. Sources also told Gongwer
LANSING - Governor Rick Snyder Wednesday named a leading Detroit attorney with expertise in the regulatory world to head the Department of Energy, Labor and Economic Growth, which will soon be renamed and restructured. With Steven Hilfinger, managing partner of the Foley and Lardner LLP law firm, taking the helm at DELEG, Snyder now has
LANSING - Raising the ante on the issue of building a new Detroit River international crossing, a top executive with the Ambassador Bridge company announced Wednesday that it would offer toll credits to the state to match federal funding. Matthew Moroun, a director of Centra Incorporated, which is the umbrella company for the Ambassador Bridge's
DETROIT - It isn't very often that you see Roger Penske fail at anything, but selling smart cars in the American market even proved to be too much for Mr. Penske. Mercedes-Benz USA is going to take over the distribution of smart from the Penske Automotive Group, The Car Connection reported Tuesday. Interestingly, Mercedes is
LANSING ? Major Michigan employers continue to come out in support of an additional bridge connecting Detroit to Windsor, Ontario. Five West Michigan companies jumped on the band wagon Tuesday. Meijer, Amway, Steelcase, Kellogg Co. and Wolverine World Wide, emphasized the benefits to West Michigan and the entire state. The proposed crossing is a public/private
EAST LANSING - Michigan's economic outlook brightened as the state elected new leaders and celebrated the conclusion of one decade and the approach of another, Michigan State University's year-ending State of the State Survey reveals. Despite the renewing confidence, those who answered the telephone survey continued to express their disappointment in Michigan?s outgoing governor and
PLYMOUTH ? Virtual Privacy versus Actual Security is the topic of the Feb. 17 meeting of the Motor City ISSA. Jim Doherty - Chief Marketing Officer, Cipher Optics, will talk about real world obstacles and expectations of integrating end user devices into the corporate environment, while still maintaining a semblance of security. He?ll highlight how