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Rep. Levin Asks I.R.S. To Look Into Mackinac Center

LANSING - Questioning whether the Mackinac Center for Public Policy engaged in lobbying activities when it claimed on its tax disclosure forms it did not, U.S. Rep. Sander Levin (D-Royal Oak) has sent a letter to the Internal Revenue Service asking it to review the organization and take "appropriate actions" to ensure it complies with

By |2012-04-16T00:00:00-04:00April 16th, 2012|Archive, Events/Announcements|

X-Rite To Be Acquired For $625 Million – Shareholder Lawsuit Hinted

KENTWOOD ? X-Rite announced Tuesday it would be acquired for $5.55 a share, or $468 million - $625 million including the assumption of debt - by Washington D.C.-based Danaher, a former real estate trust turned conglomerate. Danaher pays a valuation multiple of 2 times annual revenue and 10 times earnings for the technology company focusing

By |2012-04-13T00:00:00-04:00April 13th, 2012|Archive, Events/Announcements|

12 Michigan Startups Share $444,000 From Microloan Fund Program

ANN ARBOR - Twelve Michigan companies have received a combined total of more than $444,000 through the Michigan Microloan Fund Program, bringing the total amount loaned through the Fund to more than $2.4 million. The companies received the funding to support commercialization of their core products. ?The companies that received Michigan Microloan Fund Program awards

By |2012-04-13T00:00:00-04:00April 13th, 2012|Archive, Entrepreneur Corner|

Foreign Spies – Read Chinese – Infilitrate U.S. Higher Education: Bloomberg

WASHINGTON D.C. - Foreign spies have become much more common in America's higher education institutions over the last five years, reports Bloomberg. The FBI says many of them are Chinese nationals. The end of the Cold War did a lot to deepen international scientific collaboration, prompting universities to broaden their global activities. Students on American

By |2012-04-13T00:00:00-04:00April 13th, 2012|Archive, Events/Announcements|

Auto Industry Contributed $131.5 Billion In State, Federal Taxes During 2010

ANN ARBOR - In 2010, the production, sales, service and use of the automobile contributed $91.5 billion to state government tax revenues and at least $43 billion to federal government tax revenues contends a new study by the Center for Automotive Research. ?The automotive industry accounts for 13 percent of all state government tax revenues,?

By |2012-04-13T00:00:00-04:00April 13th, 2012|Archive, Events/Announcements|

NEW Gets $75,000 Grant From The Kresge Foundation To Help Non Profits

DETROIT - NEW announced it has received a $75,000 grant from The Kresge Foundation to support NEW's BoardConnect, npServ, and ResourceConnect programs in Detroit and the tri-county area. ?We?re excited to work with The Kresge Foundation to help nonprofits in Metropolitan Detroit build stronger boards with the help of our BoardConnect program, leverage technology through

By |2012-04-13T00:00:00-04:00April 13th, 2012|Announcements/New Products, Archive|

State Government Tax Collections Increased $62 Billion In 2011 ? Michigan Up 16.4 Percent

LANSING - Overall government tax collections for the 50 states increased $62.1 billion to $763.7 billion in 2011, according to data released Thursday by the U.S. Census Bureau. Corporate net income tax revenue came to $40.2 billion last year, up 9.4 percent. Tax revenue on individual income amounted to $259.1 billion, up 9.8 percent, and

By |2012-04-13T00:00:00-04:00April 13th, 2012|Archive, Politics/Government|

S.B.A.M. Unveils New Site To Track Job Growth

LANSING - A new website from the Small Business Association of Michigan tracks hiring expansions by businesses in an effort designed to show that consistent job growth comes from small business. MichiganJobsInsight.com shows a ticker displaying jobs added by small businesses in the current month, as well as total jobs reported for the year-to-date, breaking

By |2012-04-13T00:00:00-04:00April 13th, 2012|Archive, Entrepreneur Corner|