LANSING - With a new toll free phone number, the Michigan Transportation Team has created a direct line for frustrated drivers who want to voice their opinions to lawmakers about the state of Michigan roads and whether to implement more funding to fix them, a spokesperson said Thursday. Mike Nystrom, vice president of government and
LANSING - Advocates in California have started a television campaign this week highlighting how legalizing marijuana and taxing it could help balance the state's $26 billion deficit, but a spokesperson said Wednesday the group has no plans to do the same in Michigan. The Marijuana Policy Project, which lent more than $1 million to the
ANN ARBOR - NanoBio Corp., a biopharmaceutical company, announced Wednesday that it has closed a $22 million Series B financing round after recently securing an additional $10 million investment from NanoBio's majority shareholder Perseus, L.L.C., based in New York, N.Y., and Venture Investors of Madison, Wis. and Ann Arbor. The $10 million is in addition
DETROIT - Four Michigan and Ontario, Canada, based angel investors have banded together to create Nouveau Angel Capital Corp., which plans to raise $18 million on the Canadian public market to invest in start-up companies in Michigan and Ontario. This band of angels includes a member of the Great Lakes Angels, based at TechTown in
ANN ARBOR - Michigan could lose 310,700 jobs during 2009, the latest forecast from the University of Michigan-based Research Seminar in Quantitative Economics said, the worst year for job losses in the state since the 1950s. And the latest forecast for job losses is 2.5 times the number of jobs the organization predicted back in
LANSING - While in the current budget cycle federal stimulus dollars may have managed to keep the state "crawling and screaming" toward balance, without a serious change in spending and a dramatic new tax plan by 2012 Michigan could look a lot like California, a state drowning so far in its own debt it seems
LANSING -Gov. Jennifer Granholm has signed legislation aimed at keeping the North American International Auto Show in Michigan beyond 2010, preferably at its current home in Detroit's Cobo Center. The new laws signed today call for a nearly $300-million expansion of Cobo and the creation of a regional authority to run and renovate the aging
LANSING - While legislative leaders and the administration of Governor Jennifer Granholm are working through the two-week break to develop agreements on the 2009-10 budget, their colleagues across the nation are struggling to bring their various budget issues to heel. Wednesday was the first day of the 2009-10 fiscal year for most states in the
BOSTON - The bad news: first-quarter spending on computing technology was worse than forecast. The good news: growth could resume earlier, according to a report Forrester Research released Tuesday. The analyst firm reduced its forecast for 2009 information technology spending from a 3 percent decline to a 10.6 percent decline, but it's the hitting bottom,
KALAMAZOO - TGap Ventures, a Kalamazoo-based venture capital company, has closed its second fund, the now $26 million TGap Venture Capital II. TGap invests in Midwestern technology, information technology, medical device and and medical services companies. TGap Venture Capital II drew investments from individuals in Indiana, Texas, Nebraska, Montana, Michigan, Wisconsin, Washington, Minnesota and Florida,