LANSING - As it ground its way through a marathon session to close a titanic budget deficit, California's Legislature passed that state's first film production credit in an effort to lure production back to the state known for movies. But an official with Michigan's Film Office said the tax break as well as other production
ANN ARBOR - A study released by University of Michigan's Institute for Research on Labor, Employment, and the Economy says that nearly 100,000 Michigan jobs are due to the state's private and public investments in biosciences. And those jobs pay much higher wages. On the average, private bioscience jobs pay a premium wage of nearly
NEW YORK - Cloud computing is the next evolution of technology and capabilities, but it's still in its early adopter phase, according to an IBM spokesperson. IBM and its customers have been experimenting with cloud computing, and while the technology is only now starting to get going, it's generally expected that the uptake in it
STAMFORD, Conn. - With social computing increasingly more important in customer relationship management, it's becoming a disruptive force in the market, stated Gartner. The research firm is predicting that 60 per cent of Fortune 1000 companies will have some form of online community for CRM purposes by 2010. "Social applications offer a great opportunity for
WASHINGTON - The U.S. Small Business Administration has upgraded its podcasts to offer additional resources to the nation's entrepreneurs. The newest podcast topics include Marketing to the Federal Government, Getting Your Small Business Ready for Tax Season and Online Reporting of Employee Wages. Existing podcasts for entrepreneurs are Is Entrepreneurship for You and Checklist for
LANSING - A proposal to expand the Michigan tax benefit for small businesses by some $251 million got a first look Thursday in the Senate Finance Committee where proponents described it as an essential part of a strategy to rebuild the economy and critics said it would undercut essential state services. The bill (SB 69
LANSING - Some of the first uses of federal stimulus funds will be in transportation projects, and Gov. Jennifer Granholm said Thursday the 25,000 jobs those projects are expected to produce depend on quick action by planners and the Michigan Legislature. Michigan is getting $853 million in transportation funds; $640 million for state roads and
ANN ARBOR - NanoBio Corp., a biopharmaceutical company, has acquired $12 million in series B equity financing with Perseus LLC and other existing investors - raising the total raised by the company to develop its NanoStat technology platform to $80 million. The series B funding will be used by the company to complete a phase
DETROIT - The Wall Street Journal reports that GM bondholders are not happy with the company's plan, saying it does not go far enough to cut costs, even though it gets rid of another 47,000 jobs. They want GM to become immediately competitive, not get there in 2012. And it sure sounds like the bondholders
DETROIT - The global fallout from General Motors Corp.'s financial difficulties worsened significantly Friday as its Swedish unit Saab received credit protection from a court and the Korean car maker GM controls said it asked a government bank for emergency aid. Meanwhile, GM's profitable German unit Opel said that market conditions have deteriorated and that