YPSILANTI ? The New Enterprise Forum celebrated its 25th anniversary Thursday night at Eastern Michigan University's Student Center where Tom Porter received the 1st Annual Tom Porter Leadership Award ? an honor that acknowledged his outstanding contribution to the advancement of the entrepreneurial community. Dick Sarns received a 25th anniversary Lifetime Achievement Award for his
LANSING - Governor Rick Snyder saw one of the products of the film production tax credit used against him in coverage of his plan to eliminate the program as part of his 2011-12 budget. The Los Angeles Times led its story on the proposal not with a picture of Snyder, but of Clint Eastwood as
LANSING - Saying Michigan has not faced up to the financial necessity of fixing its overall budget and tax structure, Governor Rick Snyder unveiled the most sweeping overall changes to the state's fiscal and revenue structure in decades. The measures proposed to the more than $46 billion budget were hard and would be difficult to
LANSING - Gov. Snyder proposed major changes Thursday to the Michigan?s tax system, which includes the promised elimination of the Michigan Business Tax, to be replaced with a flat Corporate Income Tax set at 6 percent. The plan includes the scheduled reduction in the individual income tax rate from 4.35 percent to 4.25 percent. Because
DETROIT - The College of Engineering at Wayne State University will be the first in the country to offer graduate and undergraduate certificate programs in advanced energy storage systems as the state's automotive industry transitions into producing more electric drive vehicles. The new certificate programs draw from Wayne State's curriculum and research in electric drive
OTTAWA, Canada - A cyberattack against Canada that tried to access classified government information and forced two key departments to go offline has been traced back to China, according to a story today from CBC News. Sources told the CBC that the attacks were initially discovered in early January but that it's unknown whether the
DETROIT - General Motors Co. has been in talks with former product chief Robert Lutz about bringing him back as a paid consultant, The Detroit News reported Wednesday. The details were unclear, but the 79-year-old Lutz continues to have a close relationship with GM, and the two have been in discussions about formalizing an advisory
ANN ARBOR ? Borders Group filed for Chapter 11 bankruptcy protection Wednesday in a Manhattan court, a month after it warned it may be forced to restructure. Borders said it could close up to 30 percent of its 644 stores nationwide and in Puerto Rico in the coming weeks. In its bankruptcy petition, Borders listed
GRAND RAPIDS ? Rick DeVos, who gave Grand Rapids the highly successful cultural event, ArtPrize, now is giving would-be entrepreneurs a venue, and possibly funding, in a new monthly business pitch contest he calls 5X5 Night. The first one is scheduled for Feb. 22. Five presenters will have five minutes each to sum up their
ANN ARBOR - Adaptive Materials, purchased last month by a United Kingdom-based company, said in a press release that it has repaid the $6.27 million awarded the company in 2007 from the Michigan 21st Century Jobs Fund to commercialize its portable fuel cells six years early. The award is the largest investment made to date