LANSING - Legislation providing a Michigan Business Tax credit to encourage Hemlock Semiconductor to expand its operations in the state was signed on Wednesday by Governor Jennifer Granholm. Hemlock, a subsidiary of Dow Corning, is the largest producer of hyper-pure polycrystalline silicon for the semiconductor and solar industries and in the state's poor economic status
DETROIT - Start-ups are the single most important factor driving a state's economic success, according to the U.S. Small Business Administration's Office of Advocacy. The most recent studies dramatically show that the success or failure rates of small businesses have a profound impact on gross state product, state personal income levels, and total state employment.
ROCHESTER HILLS ? Sofware-based business process automation solutions provider Trubiquity (formerly Autoweb) has launched TRUfusion - a new software product that automates the exchange of product design data across a customer's business lines. TRUfusion, Trubiquity?s new data-exchange automation product, enables the secure transfer of large, complex data files stored in computer-aided design and product lifecycle
ANN ARBOR ? Entrepreneur magazine has named the Michigan Pre-Seed Capital Fund, administered by Ann Arbor SPARK, as one of 2007's Top 100 Venture Capital Firms. The designation recognizes Ann Arbor SPARK's management of the collaborative Michigan Pre-Seed Capital Fund, and specifically, the Fund's investment in four equity deals in 2007. To date, 25 Michigan
DEXTER - ReCellular, a cell-phone recycling firm, is getting a $15 million Series A Preferred Stock investment from Investor Growth Capital. The money will be used to expand operations and accelerate revenue growth. "We see tremendous growth potential in ReCellular," said Albert Kim, Vice President of IGC. "They have revolutionized the electronics-sustainability industry by providing
AUBURN HILLS - Plexus Systems, provider of Plexus Online on-demand software for the manufacturing enterprise, announces the formation of the first-ever Plexus Supply Chain Community. Technology consultants Revolution Group, Inc. convened key Honda Motor Company suppliers to provide a forum for knowledge sharing and collaboration about the Plexus Online on-demand ERP system. The group of
SAN DIEGO - ID Analytics, which providers on-demand identity intelligence, has released the findings of its survey that analyzed the criminal behavior patterns associated with the misuse of identities stolen from the workplace by employees. The ID Analytics' study, "Analysis of Internal Data Theft", sought to expose how, where and when employees misused data stolen
GRAND RAPIDS - The Critical Path Institute Predictive Safety Testing Consortium, which includes Grand Rapids-based ClinXus, has identified seven new tests to assess the safety of new drugs in development, specifically to monitor the drugs' effects on the kidneys. The U.S. Food and Drug Administration and its equivalent in Europe, the European Medicines Agency, recently
DALLAS - AT&T on Tuesday announced the global launch of a next-generation utility computing service with managed networking, security and storage. Synaptic Hosting is aimed at business. The new utility computing service combines technology acquired from USinternetworking with five "super Internet data centers in the United States, Europe and Asia. AT&T has a total of
GRAND RAPIDS - The West Michigan Science & Technology Initiative has expanded its membership program previously known as BioTech Connect. Now it's called Connect2, a collection of more than 100 companies, corporations and organizations. WMSTI officials said the new name was selected to better reflect the wide range of industries served by the program, and