LANSING ? Two Ann Arbor Venture Capital firms will split $4.5 million from the Pure Michigan Venture Development Fund. Michigan eLab - a seed to early stage technology venture fund focused primarily on IT and life science/health care companies from the University of Michigan ecosystem (faculty, students, alumni, university research and research partner institutions). Resonant
WASHINGTON DC - The head of Homeland Security said last week that she believes a "cyber 9/11" could happen "imminently," according to Reuters. If such an event were to occur it could cripple the country - taking down the power grid, water infrastructure, transportation networks, and financial networks. "We shouldn't wait until there is a
LANSING - The Michigan Strategic Fund Wednesday approved state incentives to support 14 business expansions that are expected to generate more than $1.1 billion in investments and add 4,590 jobs in Michigan. The MSF approved the following Michigan Business Development Program incentives: * Cosma International, an operating unit of auto supplier Magna International, plans to
LANSING ? Michigan House Speaker Jase Bolger said Thursday that House Republicans are "appropriately skeptical" about expanding Medicaid or accepting a $31 million grant from the federal government to help set up a state-federal partnership for a health insurance exchange. Bolger (R-Marshall) spoke about politics vs. policy on the House floor, education, road funding, taxes
LANSING - The Michigan Economic Development Corporation did not do enough to ensure that renaissance zones were creating jobs or that the businesses in them were complying with development agreements, a report from Auditor General Thomas McTavish said. The performance audit of the Renaissance Zone Program, for the period October 1, 2008, through September 30,
LANSING - The Michigan Economic Development Corporation announced a new effort to attract entrepreneurial college students from around the country and connect them with the resources they'll need to create and sustain a successful Michigan business. LiveWorkLaunch, based on MEDC?s successful LiveWorkDetroit! career networking program, will showcase opportunities available in Michigan for graduates looking to
ANN ARBOR - Four Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund totaling $1 million. To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan?s SmartZones to support start-ups? product commercialization, has awarded 83 Michigan companies with seed funding totaling more than $19 million. ?It?s exciting to see how Michigan
DETROIT - Saying Michigan's economic future is dependent on having more people with higher educational skills, the group Business Leaders for Michigan is stepping up efforts to restore, ultimately, another $1 billion to higher education funding to the state. Doing so would help erase much of the funding cuts Michigan's 15 public four- year universities
DETROIT - Software and services company Compuware posted a slightly larger quarterly profit than Wall Street expected, $25.3 million, or 12 cents a share, compared with $21.6 million or 10 cents a share last year. Analysts were expecting 11 cents. For the third quarter of fiscal 2013, which ended Dec. 31, the computer services company
LANSING - The Office of Financial and Insurance Regulation is strictly a regulator, but the launch of the Department of Insurance and Financial Services is an opportunity to take the lead on some issues, Kevin Clinton, director of both, told Gongwer News Service. But the change will not mean much of an expansion in staff