LANSING - The state's main economic development program, already under heavy criticism, failed to adequately determine whether businesses receiving tax breaks to locate or stay in Michigan delivered on the wages and jobs promised, according to an audit released Monday. Auditors for the legislative auditor general found that in 15 of the 27 audits of
ANN ARBOR ? Aeroflex will spend $3 million to expand its Scio Township-based affiliate, Aeroflex/ Inmet, a manufacturer of passive coaxial components for use in wireless communication applications due to state tax credits approved by the Michigan Economic Growth Authority board. As part of Aeroflex/Inmet?s expansion in the Ann Arbor region, Aeroflex will consolidate operations
FARMINGTON HILLS - Beringea, Michigan's largest venture capital firm, has invested $6 million in Remote Presence total telemedicine solutions provider, InTouch Health. The investment, which is part of a $10 million Series D financing round, will fund the opening of an engineering research and development center in Michigan, as well as further fuel the company's
GRAND RAPIDS ? Dematic, an integrator and supplier of logistics systems for factories, warehouses and distribution centers around the world, has partnered with Kollmorgen, a manufacturer of driverless control technology, to provide a new order fulfillment solution called LaserTrucks+. Dematic will utilize Kollmorgen Pick-n-Go laser guidance and vehicle control systems as a core component of
BURLINGAME, CALIF. - It was a tiny mistake with epic consequences, and now the company responsible says it wants to make amends. Last week McAfee released a new version of its security virus software that, mistakenly, included in its list of PC-eating viruses a program that was, in fact, a standard part of the Windows
AUBURN HILLS - Factory automation software provider Plex Systems cut the ribbon this week on its new 40,000 square foot facility and announced the addition would house software developers, project managers and support staff, some 90 employees, about half of them new hires. But when you take the math used by the Michigan Economic Growth
DETROIT ? The Michigan Neonatal Biobank has set up shop in Wayne State University's TechTown. Director Nancy Christ talks about what these bloodspots mean for researchers looking at childhood diseases. To listen, click on MITechNews.JenesysGroup.Com a>>
GRAND RAPIDS ? More than 180 Michigan bioscience leaders gathered at Grand Valley State University for MichBio's Annual Wednesday night. In his annual address, Stephen Rapundalo, Ph.D., MichBio president and CEO, said that Michigan's biosciences industry is responsible for over 43,000 direct jobs and 56,000 indirect jobs, with an economic impact of about $10 billion.
LANSING - Republican gubernatorial candidate Rick Snyder released Tuesday his plan to improve ethics in Lansing should be he be elected. Among his proposals is a ban on all gifts from lobbyists, a two-year "cooling off period" between holding elected or appointed office and registering as a lobbyist, a $5,000 limit on contributions to PACs,
LANSING - A ban on text messaging while driving moved close to becoming law Tuesday as a primary offense, but some legislative hurdles remain before the measure goes to Governor Jennifer Granholm's desk. The House originally passed HB 4394 making texting while driving a secondary offense in December (94-13), meaning a police officer would have