LANSING - The companies and other entities receiving start-up grants and loans in 2006 under the state's 21st Century Jobs Fund created over 1,000 jobs between 2007 and 2008, according to a performance report about the fund recently given to lawmakers. When the businesses, universities and non-profit organizations were awarded $120 million in the fall
LANSING - With just three weeks left for Chrysler LLC to meet a deadline set by President Barack Obama to finalize an arrangement with the Italian auto-maker Fiat, Gov. Jennifer Granholm has called on those that hold the car company's debt to agree to concessions on those bonds. Speaking in Washington, D.C., Granholm said the
BURLINGAME, Calif.- It's ugly out there in tech land. The recession has so far forced Yahoo! and Microsoft to lay off thousands; Oracle, Intel, Cisco and others are pruning their workforces too. Even the august Google has pared away at least 200 jobs in sales and several thousand part-time contractor jobs. Outplacement firm Challenger, Gray
LANSING - The Michigan House met a deadline to act on some of its originating budgets for the 2009-10 fiscal year by passing five bills Thursday, and knowing that revenues are down for the current fiscal year by as much as $1 billion, the chamber took out the clippers and trimmed $30 million in general
LANSING - With a House vote Thursday, the state's second round of spending federal stimulus dollars - $1.9 billion in all - is heading to the desk of Gov, Jennifer Granholm. Acting just before it broke for a two-week recess, the chamber signed off on Senate alterations, which included stripping $108 million in energy programs
LANSING - The Michigan Economic Development Corporation this week awarded Biotechnology Business Consultants, Automation Alley, Michigan Tech Enterprise Corporation SmartZone, and the Great Lakes Entrepreneur's Quest each a $500,000 grant to help support the critical business services the organizations provide to technology entrepreneurs and companies in Michigan. Each group will use the grant to help
LANSING - The Michigan Economic Development Corporation Friday announced it has awarded Kettering University, Wayne State University Research and Tech Park (TechTown), Ann Arbor SPARK, Oakland University and the Michigan Research Institute each a $250,000 grant to support their business incubators. The funding was appropriated by the Legislature and approved by the Michigan Strategic Fund.
MOUNTAIN VIEW, Ca. - Google is in "late stage" talks to acquire microblogging service Twitter, according to a report on Thursday on TechCrunch citing two unnamed sources. All Things Digital's Kara Swisher, however, on Friday said the report isn't true, also citing unnamed sources and saying the companies have only been in product-related discussions, CNET
ANN ARBOR - Great Lakes Entrepreneur's Quest set a record on March 30 when 170 teams applied to compete in the spring 2009 business-plan writing contest. The previous mark was 111 applications set in in winter 2008. GLEQ also heard on this week that the Michigan Economic Development Corp. will provide the contest with two
LANSING - GM could be split into two companies, says a report from Reuters. A new legal entity would be formed that contains all the company's profitable operations, like Cadillac, Chevrolet, GMC and Buick. And a so called "old" GM would retain all the company's money losing operations, like Hummer and Saturn. The old GM