LANSING - Growing contributions to the Michigan Public School Employees Retirement System are reducing what school districts can spend on other educational services and that effect is likely to continue for the near term, the Citizens Research Council said in a report released Wednesday. The report, Funding for Public Education: The Recent Impact of Increased
ANN ARBOR - Students, staff and researchers at college campuses throughout the nation, and participating institutions through regional, national and global research and education partner networks will benefit from a faster and more secure connection, thanks to a new peering arrangement between Microsoft Corp. and Internet2. This new agreement enables improved access to infrastructure and
PETOSKEY - Center for Computer Resources has acquired Power IT, a business technology solutions company based in Petoskey. Terms were not announced. CCR will provide local northern Michigan service under the Power IT name and current staff will be retained in the Petoskey and Traverse City office locations. Ingalls joins CCR and will become part
DETROIT - Compuware posted a fourth quarter loss this week and missed Wall Street's expectations, but beat revenue expectations. Analysts said the higher-than-expected revenue is a sign to shareholders that higher growth may be in the offing for the computer services company. Compuware reported adjusted earnings per share loss of $0.30. By that measure, the
LANSING ? Michigan government provided nearly $14 million in tax incentives to five businesses and four community improvement projects across the state that are expected to generate $173 million in new investments. The Michigan Strategic Fund said the projects also could create more than 1,100 new jobs. ?These business expansions and community improvements demonstrate the
DETROIT - Wayne State University's Technology Commercialization Office will continue to expand and improve the university's entrepreneurial culture and technology commercialization efforts with a $820,398 grant from the New Economy Initiative for Southeast Michigan. WSU will continue to expand the activities of its Technology Development Incubator to support the validation of early-stage technologies with significant
ANN ARBOR - In 2012, Michigan jumped from 25th to 15th in the national Venture Capital ranking - one of the largest increases in venture funding last year. Compared to the national trend of declining VC funds and activity, funding activity and fund sizes in Michigan continued strong and steady growth last year. The information
LANSING - Net revenues from Michigan's major taxes jumped by 18 percent in April compared to April 2012, figures from the Senate Fiscal Agency showed, driven largely by a sharp increase in income tax collections. During the month, the state collected about $2.3 billion, up by $248.2 million from the January revenue estimating conference projections
LANSING - The Michigan Land Bank Fast Track Authority is moving from the Michigan Strategic Fund to the Michigan State Housing Development Authority through an executive order Governor Rick Snyder issued Monday. Snyder said EO 2013-8 would bring together two agencies working on redevelopment efforts. "This strategic reorganization allows MSHDA to strengthen its partnership with
ANN ARBOR ? Thirty six companies will pitch hundreds of potential investors next week at the 32nd annual Michigan Growth Capital Symposium. Presented by the University of Michigan Zell Lurie Institute at the Ross School of Business, this year?s Symposium will be held May 21-22 at the Marriott Resort in Ypsilanti. More than 400 entrepreneurs,