HUNTINGTON WOODS ? Financial factoring company Hennessey Capital announced fourth quarter financing deals totaling $1.5 million that was invested in four Michigan companies. $750,000 A/R and Inventory line of credit for a staffing firm to replace their current lender and increase working capital. $500,000 factoring facility for a LED and energy efficient lighting supplier to
LANSING - A study commissioned by the Michigan Retailers Association showed the state's current item pricing law provides no consumer benefit, when measured against newly available technology, and costs some $2.2 billion annually. The study, by the Anderson Economic Group, showed Michigan residents are now paying about 9 percent more than similarly-situated residents in other
ANN ARBOR - The Michigan Biosciences Legislative Caucus kicks off 2011 with new leadership and scheduled quarterly meetings, MichBio, the state life sciences trade association reported. The body will be led by Sens. Rebekah Warren (D-Ann Arbor, a founding co-chair) and Tonya Schuitmaker (R-Kalamazoo), and Reps. Gail Haines (R-Waterford) and Roy Schmidt (Grand Rapids) in
WASHINGTON - The U.S. Small Business Administration will expand the e200 Emerging Leaders executive-level training initiative to eight new cities and communities in 2011. The expansion means the successful program will be available to entrepreneurs in 27 cities across the United States. Detroit was added previously. The eight new cities and communities being added this
LANSING - The House and Senate Transportation committees could hold joint hearings on legislation to create the Detroit River International Crossing. Sen. Tom Casperson (R-Escanaba), chair of the Senate Transportation Committee, said he and Rep. Paul Opsommer (R-DeWitt), the House Transportation chair, have been discussing how they will handle the legislation in the wake of
DETROIT - General Motors Monday announced plans to add a third shift at Flint Assembly, generating 750 jobs for the plant that makes the Chevrolet Silverado and GMC Sierra heavy-duty pickups. The shift is expected to start in the third quarter with employees starting to arrive at Flint Assembly in the second quarter. "Adding a
DETROIT - Canadian native Carolyn Shields has been named dean of the College of Education at Wayne State University effective July 1. Shields, who most recently served as a professor in the Department of Educational Organization and Leadership at the University of Illinois Urbana-Champaign, earned a Ph.D. in educational administration from the University of Saskatchewan,
MUSKEGON - The Muskegon County Wastewater Management Systems announced Tuesday that it is seeking proposals from utility-scale wind developers interested in developing a project on 11,000 acres of MCWMS property near Lake Michigan. Rodger Kershner and Jon Kreucher of Howard & Howard, who both specialize in the firm's energy and utilities practice, were selected by
ANN ARBOR - Satisfaction with e-Government web sites slipped slightly, but remains near the all time high set in the third quarter of 2010. The results were released by ForeSeeResults in its American Customer Satisfaction Index E-Government Satisfaction Index. Of the 30 quarters that ACSI has been measuring e-government, three of the top five scores
LANSING - Michigan was one of 15 states and the District of Columbia to see its unemployment rate drop in December, according to a report released Tuesday by the U.S. Bureau of Labor Statistics. While Michigan has typically ranked first or second in national jobless reports for years, December's 11.7 percent unemployment rate placed the