LANSING - Governor Rick Snyder has signed the Fiscal Year 2014-15 budget with essentially no changes from what passed the Legislature. The omnibus budget (HB 5313 , PA 252) provides $37.38 billion gross, $8.59 billion General Fund. Among the highlights is $194.8 million for Detroit as part of its bankruptcy settlement; $46.6 million for 100
LANSING ? Beverly Hills Cop, starring Eddie Murphy, is coming back to Detroit and the surrounding communities after getting approved for a film incentive from the state. The movie is slated for release in March 2016. ?We are excited to welcome Axel Foley and the Beverly Hills Cop franchise back to Michigan,? said Margaret O?Riley,
MACKINAC ISLAND - Michigan Health Connect and Great Lakes Health Information Exchange have merged to form Great Lakes Health Connect, one of the nation?s largest providers of health information exchanges. The merger allows hospitals, physicians and other medical professionals to quickly and securely share the health records of more than 5 million people. Organization officials
LANSING - The Michigan Economic Development Corporation Wednesday announced a groundbreaking crowdfunding and matching grant initiative to help drive private equity-funded projects in Michigan. The application process begins July 9. Public Spaces Community Places, a collaborative effort of MEDC, the Michigan Municipal League, and Michigan-based crowdfunding platform Patronicity, is the first program of its kind
DETROIT ? A new report shows 15 percent of Detroit-area chief information officers surveyed plan to expand their Information Technology teams in the second half of 2014, up 3 percent from the previous six months. Another 74 percent plan to hire only for open IT positions, while 10 percent plan to put their IT hiring
AUBURN HILLS - Chrysler Group confirmed Wednesday that it would invest $63 million in its Warren Stamping Plant to expand capacity and install the latest high-speed Servo Tandem Press technology (a 180-inch press line). Construction for the new press line has already begun with production targeted to begin December 2015. The new press line will
WASHINGTON DC - The U.S. Supreme Court ruled Wednesday that online TV service Aereo, backed by media mogul Barry Diller, violates copyright law by using tiny antennas to provide subscribers with broadcast network content via the Internet. On a 6-3 vote, the court handed a victory to the four major TV broadcasters and cast Aereo's
DETROIT - The University of Michigan Sustainable Mobility and Accessibility Research and Transformation initiative, announced it is seeking applications for the $5,000 MobiPrize for Michigan Entrepreneurs who, through their innovative new mobility technology, service, product, or infrastructure venture, are contributing to the Michigan region and economy. The application deadline is July 7. Honoring entrepreneurial ventures
LANSING - The Michigan Strategic Fund approved Tuesday the Entrepreneurial Service Provider Request for Proposals awards as well as two community revitalization projects that will generate more than $15 million in new investment in the state. ?Today?s MSF actions will provide support services to innovative technology startups and bring new vitality and economic opportunities that
CUPERTINO, Ca. - With the arrival of an AOL video channel on the Apple TV set-top box Tuesday, Apple is now bringing a wide array of free, ad-supported video across the deep moat it has built around its $99 streaming-media device. The "AOL On" network will add more than 900,000 videos to Apple TV, predominantly