WASHINGTON DC – The National Venture Capital Association strongly supports provisions in the newly announced JOBS Act 4.0 package that facilitate capital formation and make the public markets more attractive for innovative young companies. “Innovative corporate challengers are the lifeblood of the American economy,” said NVCA President & CEO Bobby Franklin. “This legislative package contains
LANSING — Local talent development and employment successes were among those celebrated by state leaders at the Michigan Works! Association Impact Awards this week. Local lawmakers and statewide talent development officials gathered virtually, and in-person, on Thursday, March 24 to recognize local resident Billy Truong, Homewatch Caregivers of Washtenaw, Washtenaw Community College, as well as
LANSING - The Michigan Public Service Commission today approved a settlement agreement that permits Northern States Power Co. of Wisconsin (NSP) to raise its electricity rates by $1.7 million in its service territory in two western Upper Peninsula counties. The settlement agreement (Case No. U-21097) approves a total revenue requirement of $2,530,513, with a return
LANSING – The award-winning Pure Michigan advertising campaign returns for audiences across the Midwest this spring to inspire travel in Michigan this year. In addition to the broadcast commercials, travelers can plan their perfect vacation with the help of various digital platforms and resources available on michigan.org. This year’s total warm weather advertising budget is
DETROIT - The Infrastructure Bill that passed Congress last fall contains a few stipulations in it that will affect the way you use your car. One is that rear-seat reminders will become standard to help prevent hot-car deaths, while the other, more significant change on the scale of fatalities per year is that automakers must
LANSING — Gov. Gretchen Whitmer ordered agencies Tuesday to divest state of Michigan pension plans and trust funds from any Russian companies or institutions, following condemnations of the Russian invasion of Ukraine in the state Legislature. In a letter to State Treasurer Rachael Eubanks, Whitmer called on the State of Michigan Investment Board to hold a special meeting to
LANSING - Gov. Gretchen Whitmer has signed a bill into law that is expected to clear the way for part-time workers to keep unemployment aid they received during the pandemic. The eligibility of part-time workers for unemployment and their ability to keep it after the fact was in question following confusion over whether claimants should
LANSING - Energy waste reduction programs saved the state almost 1.6 million megawatt hours (MWh) of electricity and more than 6 million Mcf (thousand cubic feet) of natural gas in 2020, demonstrating the continued benefits of EWR efforts across Michigan. Meanwhile, wind turbines maintained their dominance among the state’s sources of renewable energy. These and
ANN ARBOR - The State Of Michigan will receive $237 million for business loans and funding for Venture Capital companies, part of a $10 billion national program from the Biden Administration. Last week, the Michigan Strategic Fund approved the new program that could start pumping money into Michigan businesses by spring, said Chris Cook, Director
GRAND RAPIDS - Nearly $237 million in federal funding coming to the state is planned to support small businesses in Michigan through lending initiatives and equity investments in venture capital funds. The Michigan Economic Development Corp. aims to deploy the federal funding across five programs, including investing $75 million in one or more venture capital funds
