Events/Announcements

Economist: Michigan Should Change Its Tax Structure To Reverse Economic Fall

LANSING - Michigan elected officials should focus on what they can control in the state's floundering economy and change Michigan's tax structure, an economist told the House Tax Policy Subcommittee on Tax Restructuring Tuesday. Testimony by Gary Wolfram, president of the Hillsdale Policy Group, set the stage for further discussions on what the state must

By |2006-01-31T00:00:00-05:00January 31st, 2006|Archive, Events/Announcements|

Interactive Promotions Agency ePrize Lands $32 Million Angel Investment Round

PLEASANT RIDGE ? In what could possibly be the largest angel capital investment ever made in a Michigan technology company, ePrize announced Monday that four Detroit-area business leaders invested $32 million into the interactive promotions agency. The $32 million investment was done by local investors Brian Hermelin and Gary Shiffman, and joined by Livonia, Mich.-based

By |2006-01-30T00:00:00-05:00January 30th, 2006|Archive, Events/Announcements|

Request For Proposals Now Available For $396 Million To Invest In Michigan Technologies, Companies

LANSING - A Request for Proposals was issued last week by the Michigan Economic Development Corp. on the first phase of a $396 million capital infusion into promising Michigan technology and life sciences companies called the 21st Century Jobs Fund. The $396 million has been appropriated for investments through fiscal 2007 with some $100 million

By |2006-01-30T00:00:00-05:00January 30th, 2006|Archive, Events/Announcements|

Venture Michigan Fund Gets First $5 Million Investment

LANSING - The $150 million Venture Michigan Fund, which will invest in Venture Capital firms that in turn will pour money into promising Michigan technology companies, received its first $5 million cash infusion Monday, the deadline set by the Michigan legislature for the so-called Fund of Funds to become active. Michigan Treasury spokesman Terry Stanton

By |2006-01-30T00:00:00-05:00January 30th, 2006|Archive, Events/Announcements|

Granholm To Bring Pressure On Federal Government To Help Manufacturers

LANSING - Michigan Gov. Jennifer Granholm, stepping up her criticism of the response by President Bush to requests to help the auto industry, said Friday she hopes to bring pressure on the federal government with the combined efforts of governors of other manufacturing states. The governor told reporters she was astonished at the remarks by

By |2006-01-29T00:00:00-05:00January 29th, 2006|Archive, Events/Announcements|

Feds’ Internet Wiretapping Rules Challenged In Court

WASHINGTON DC. - Universities, libraries and technology companies are asking a federal court to block controversial wiretap rules designed to facilitate police surveillance of the Internet. In a 71-page brief sent to the U.S. Court of Appeals in Washington, D.C., on Thursday, they ask the judges to overturn a wiretap ruling from the Federal Communications

By |2006-01-29T00:00:00-05:00January 29th, 2006|Archive, Events/Announcements|

AOL Signs Bellsouth, AT&T As New High-Speed Net Partners

RESTON, Va. - America Online on Friday said it has landed two new partnerships with high-speed Internet service providers to offer AOL broadband service. AOL has signed deals with telephone providers BellSouth and AT&T to offer a bundled service that includes high-speed Internet access and exclusive programming and security features at prices that range from

By |2006-01-29T00:00:00-05:00January 29th, 2006|Archive, Events/Announcements|

Compuware’s 3Q Sales, Profits Down – Wall Street Cuts Stock Price

DETROIT - Michigan's largest native software company, Compuware Corp., on Thursday announced a management shakeup aimed at boosting sales and the company's sagging bottom line, which dropped 10 percent in the third quarter. Wall Street trimmed Compuware's stock price by 4 percent Friday. Compuware said it earned $37.7 million, or 10 cents per share, for

By |2006-01-29T00:00:00-05:00January 29th, 2006|Archive, Events/Announcements|