LANSING ? Gov. Jennifer Granholm said Wednesday that she supports selling part of the state's share of the national tobacco settlement in exchange for a lump-sum payment that would be invested to lure cutting-edge businesses to Michigan, which could prompt the governor to drop her proposal to invest $2 billion for the same purpose by
ANN ARBOR ? It will be barbecue and elevator pitches July 12 when the Ann Arbor IT Zone hosts its Entrepreneur Boot Camp Celebration at SPARK Central in downtown Ann Arbor. During the Summer Barbecue, Boot Camp participants will present their elevator pitches to a panel of investors. Boot Campers spent two days and nights
DETROIT ? Asterand, which supplies human tissues for drug discovery research to more than 150 customers worldwide, has signed an exclusive Japan marketing agreement with Mutsui, Japan?s second largest trading company. The deal will guarantee Asterand several million dollars worth of business over the next few years. The announcement came from Asterand CEO Randal Charlton
LANSING - Though details were being held close to the vest, the Michigan Economic Development Corporation was set to announce Wednesday structural changes to its operation that will mean a change for current CEO Don Jakeway. Sources told Gongwer News Service Tuesday that among those changes would be a new CEO for the public corporation
ANN ARBOR ? The Michigan Venture Capital Association has named Jan Garfinkle as its new vice president and president-elect to take over the day-to-day duties from current MVCA President Mitch Mondry who has focused more of his attention on his out of state real estate development efforts. Garfinkle will replace Mondry when his term expires
TROY ? XM Satellite Radio will turn a profit next year, says the company's chairman. Gary Parson, XM chairman, said during a visit to Detroit that the company's start-up plan, which included provisions for heavy losses, is unfolding as planned. Thus XM is on course to turn a profit next year and sign up as
TROY?GLIMASoutheast and EMC are joining forces for the next GLIMASoutheast Sunrise Seminar July 28 to discuss the digitization of information and the evolution of Information Lifecycle Management. The seminar will feature EMC Senior Enterprise Account Manager Christopher Harbrecht who will discuss ILM, a strategy for aligning a business? IT infrastructure with its needs?based on information?s
DETROIT ? Automotive, aerospace and industrial manufacturer software provider INCAT International plc has acquired CAD Potential, a Colorado-based provider of engineering knowledge technology products and services. Terms were not disclosed. Cadpo has partnered with The Society of Automotive Engineers to develop the SAE Automotive CAD Certification program ? the industry?s only international program that sets
PONTIAC ? GPSi has closed $1 million in subordinated senior debt from Hennessey Capital of Huntington Woods to meet increased demand for its Guidepoint telematics service in Mexico and North America. GPSi said its business in Mexico has more than tripled since February 2005, when it launched the new digital telematics system, which was developed
DETROIT ? TechTown celebrated its first year in business Tuesday by handing out some awards, a hundred TechTown T-shirts, and high hopes the rapid progress made by Detroit?s only research and technology park will continue in year two and beyond. In a single year, TechOne went from an empty building to a business incubator housing