KALAMAZOO – Southwest Michigan First announced the cumulative impact of its economic development and community efforts thus far in 2021 to support job creation in its seven-county Southwest Michigan region and provide support to businesses as they rally in the face of the ongoing COVID pandemic. Most recently announced on July 26 by Governor Gretchen
DETROIT – The DTE Energy Foundation has awarded eight Michigan-based nonprofits each a $10,000 grant and the option for DTE employee volunteers including three focused on Veterans. The Your Cause, Your Choice contest is one way the company is demonstrating its commitment to community investment and development, committing energy to the community and building upon
NEW YORK - The newest climate report from the Intergovernmental Panel on Climate Change says that climate change is "unequivocally" caused by humans and warns that global temperatures are expected to reach a significant warming milestone in the next 20 years. The planet is expected to reach average temperatures that are 1.5 degrees warmer than
DETROIT – The State of Michigan is teaming up with Ford, Bedrock and Bosch to launch the nation’s first-of-its-kind, real-world test site for emerging parking technology – called the Detroit Smart Parking Lab. The lab opens in September, allowing mobility and smart infrastructure pioneers and real-estate innovators and startups to test parking-related mobility, logistics and
SAN FRANCISCO - Companies across the supply chain are struggling to hire new employees, and it's creating supply chain bottlenecks. "It's impossible to increase capacity if you don't have the labor," Timothy R. Fiore, chair of the Institute for Supply Management's Manufacturing Business Survey Committee, said on a July press call. And this inability to increase
TROY - Algo announced it has received a multi-million dollar investment from Plymouth Growth, an Ann Arbor private equity finance company. This new capital and strategic partnership will allow Algo to deepen its market penetration and increase sales and marketing capabilities. Details were not announced. Algo is a SaaS solution provider used by enterprise businesses,
JACKSON—The Michigan Credit Union Foundation, True Community Credit Union, and Henry Ford Allegiance Health have jointly donated $100,000 to The Launch Pad, a mixed-use business incubator program in Jackson. The Launch Pad encourages the formation of local, neighborhood, and service-based businesses, and provides resources, education, and space to serve underserved and underrepresented communities in business.
ANN ARBOR—The pharmaceutical firm Esperion Therapeutics Inc. feported a rise in sales of its novel cholesterol-reducing drugs in the second quarter ended June 30 but still posted a loss as efforts to boost the drug’s sales continue. The company posted a loss of $43.7 million or $1.67 a share in the quarter, compared to net
SOUTHFIELD—Lear Corp. reported net income of $175.2 million or $2.89 a share in the fiscal quarter ended July 3, compared to a loss of $293.9 million or $4.89 a share in the same quarter a year earlier. Revenue was $4.76 billion, up from $2.44 billion a year earlier. For the six months, net income was
ANN ARBOR – On MITech TV Aug. 9 at 2 pm, Mike Eddy, VP of Corporate Development at Resonant, will talk about the rapid acceptance of 5G mobile technology worldwide. Doug Miller, director for the Upper Peninsula Cybersecurity Institute, will explain what Northern Michigan University is doing to help fill the cybersecurity job gap in
