LANSING - The prospects for a new bridge connecting Detroit and Windsor appeared to come crashing down Thursday when Senate Majority Leader Mike Bishop declared it unlikely that the Senate would vote on legislation authorizing it this year. Bishop's (R-Rochester) comments come as Sen. Jud Gilbert (R-Algonac), the Transportation Committee chair, has circulated a draft
LANSING - The Department of Technology, Management and Budget will travel the remaining road of the Granholm administration with an interim director at the reins, as Director Ken Theis announced Thursday he was leaving the post effective October 1. Theis, who oversaw the combination of the departments of Information Technology and Management and Budget, has
DETROIT - Four years ago, a couple of brothers came up with the idea of creating a video online web site to play each other for money. On Sept. 15, GamerSaloon.Com launches its Madden 11 Tournament with $5000 in cash prizes up for grabs. The site has attracted some 300,000 members who have won nearly
DETROIT ? At the 2009 TiECon Conference, Mohan Yellapantula caught the entrepreneur bug and went for his dream of getting into the film business. A year later, Yellapantula and two fellow entrepreneurs are just a few weeks away from debuting the film they produced in Michigan with local talent. "At TiECon I got exposed to
NEW YORK ? Bryan Janeczko left a lucrative Wall Street job to start a celebrity food and nutrition service in New York City and now has taken all that entrepreneurial savvy he picked up along the way to create a web site that will help other entrepreneurs short cut some of his business pain. Wicked
LANSING - A spokesperson for Republican gubernatorial candidate Rick Snyder said Monday that Snyder's plan remains to seek repeal of the Michigan Business Tax and replace it with a 6 percent tax on corporate profits. The Detroit News reported Monday that Snyder had classified the 6 percent rate as a "goal" not his firm proposal.
DETROIT - Compuware Monday announced the release of its Workbench, a new open environment for managing mainframe application development. Through an Eclipse-based graphical user interface with a single-launch point for Compuware's mainframe products, the Workbench increases productivity and addresses the training challenge arising from the retiring mainframe workforce phenomenon. "Increased efficiencies achieved through a GUI
ANN ARBOR - So it's time for an equity investment ? congratulations. Just don't start celebrating yet, because there are landmines and a whole world of scrutiny waiting for you on the due diligence trail. Join the New Enterprise Forum Sept. 16 to find out more. Panelists: Andrew McColm - Managing Director, Early Stage Partners.
ANN ARBOR - Sakti3 Inc., a developer of lithium-ion batteries, said it received a $4.2 million investment by General Motors Ventures LLC and Itochu Technology Ventures to speed commercialization of its battery cells. The two new strategic investors join previous investors Khosla Ventures of Menlo Park, Calif. and Farmington Hills-based Beringea, Michigan?s largest venture capital
KANSAS CITY - In any given year in the U.S. economy, new and young companies make up the largest bloc of companies by age category, meaning their considerable job creation record is partly structural, according to a study from Kauffman Foundation. The study, Neutralism and Entrepreneurship: The Structural Dynamics of Startups, Young Firms and Job