LANSING - The Michigan Economic Development Corporation announced that MAHLE Industries, an automotive and engine component manufacturers, is investing $11 million to expand its technical headquarters in Farmington Hills. It is expected that by early 2013 there will be over 350 employees there. ?MAHLE is an important player in our automotive supply chain with roughly
LANSING - The administration of Governor Rick Snyder is examining the state's procurement process for changes, Budget Director John Nixon said Friday. Appearing on Michigan Public Television's "Off the Record," Nixon said the major issue is the requirement that contracts worth more than $25,000 be put out for bid for two weeks. Either the threshold
ANN ARBOR - The Jump-start Our Business Startups Act, a measure meant to create jobs by helping small firms raise capital, was amended during passage through Congress to strip regulatory restrictions on investments in small companies. Hear from a panel of experts what the new legislation will mean for entrepreneurs and investors at the New
SAN FRANCISCO - Francisco Partners Wednesday announced the pending acquisition of Plex Systems from a group of shareholders, including Apax Partners. Auburn Hills-based Plex provides cloud ERP software for manufacturers. Plex Systems? flagship product, Plex Online, is a ?shop floor to top floor? solution providing deep functionality for virtually every department within quality-driven manufacturers. The
WIXOM - The IndUS Entrepreneurs, Detroit Chapter has successfully completed its program launch year session of TiE Young Entrepreneurs ? TYE Class of 2012. TYE is a unique program seeking to promote entrepreneurship among high school students in the state of Michigan. TYE accomplishes this objective by offering training and mentoring programs to selected high
TROY - T-Systems North America announced the appointment of David McDougall as its vice president of sales and member of the Management Board, effective immediately. In this role, McDougall is responsible for the overall sales and growth of T-Systems business in the U.S., and for management and development of T-Systems? customer accounts. Having served in
WASHINGTON, D.C. - The State Medical Technology Alliance, a network of state and regional associations of medical device manufacturers, and MichBio are urging Congress to repeal the medical device tax. Repealing the $30 billion medical device tax will protect and create high‐wage American jobs, encourage investment in medical technology, and maintain our global competitive leadership.
SAGINAW - Morley Companies has acquired the AT&T office complex at 4075 Bay Road in Saginaw Township and plans to hire more than 150 new associates. The 229,000-square foot, Fortune 100 complex sits on 12.5 acres at the corner of Bay and McCarty roads, just blocks from Morley?s existing 200,000-square-foot headquarters at One Morley Plaza,
AUBURN HILLS - Joe Borruso has been appointed to the advisory board of Saphran Solutions, a Michigan-based developer of next-generation management software systems. Formerly the CEO of HELLA North America, Borruso will assist Saphran in the areas of strategic planning and new business development. He currently is president of AOEM Consultants LLC. Prior to his
NEW YORK - Forty-three percent of small business owners consider business conditions to be positive, according to the latest Citibank small business survey released Wednesday, nearly double the number since 2010. One-third (33 percent) of respondents said their own business is better than it was a year ago ? up from 26 percent in January.