EAST LANSING ? Mitostem, which focuses on developing and commercializing novel technologies to advance stem cell research, won the $100,000 SmartZone Award Tuesday night at the Great Lakes Entrepreneurs Quest business-plan competition. While a company that treats wastewater from the food and beverage industry and transforms it into high value algal biomass for animal feed
LANSING - More than eight years after the idea of constructing a new bridge between Detroit and Windsor, Ontario, first began to see serious movement and after many months of top-secret negotiations, Michigan and Canada are ready to announce an interlocal agreement to authorize the new span. A source knowledgeable of the deal said Governor
SOUTHFIELD ? Lithium-ion battery maker A123 Systems plans to hire up to 400 people this year at its two Michigan factories in Livonia and Romulus. A123 spokesman Dan Borgasano said the company plans to hire about 100 workers a month over the next four months. ?They are mostly manufacturing positions, operators, things like that,? Borgasano
LANSING ? The Michigan Film Office announced an untitled tornado feature film project has been approved for a film incentive from the state. The project, to be shot in Southeast Michigan, will create the equivalent of 170 full-time jobs. The super tornado movie is expected to shoot in metro Detroit and at Michigan Motion Picture
NEW YORK - The United Nations is considering a new Internet tax targeting the largest Web content providers, including Google, Facebook, Apple, and Netflix, that could cripple their ability to reach users in developing nations. The European proposal, offered for debate at a December meeting of a U.N. agency called the International Telecommunication Union, would
LANSING - The Michigan Economic Development Corporation announced that MAHLE Industries, an automotive and engine component manufacturers, is investing $11 million to expand its technical headquarters in Farmington Hills. It is expected that by early 2013 there will be over 350 employees there. ?MAHLE is an important player in our automotive supply chain with roughly
WASHINGTON, D.C. - The State Medical Technology Alliance, a network of state and regional associations of medical device manufacturers, and MichBio are urging Congress to repeal the medical device tax. Repealing the $30 billion medical device tax will protect and create high‐wage American jobs, encourage investment in medical technology, and maintain our global competitive leadership.
NEW YORK - Forty-three percent of small business owners consider business conditions to be positive, according to the latest Citibank small business survey released Wednesday, nearly double the number since 2010. One-third (33 percent) of respondents said their own business is better than it was a year ago ? up from 26 percent in January.
SAN FRANCISCO - Francisco Partners Wednesday announced the pending acquisition of Plex Systems from a group of shareholders, including Apax Partners. Auburn Hills-based Plex provides cloud ERP software for manufacturers. Plex Systems? flagship product, Plex Online, is a ?shop floor to top floor? solution providing deep functionality for virtually every department within quality-driven manufacturers. The
SAGINAW - Morley Companies has acquired the AT&T office complex at 4075 Bay Road in Saginaw Township and plans to hire more than 150 new associates. The 229,000-square foot, Fortune 100 complex sits on 12.5 acres at the corner of Bay and McCarty roads, just blocks from Morley?s existing 200,000-square-foot headquarters at One Morley Plaza,