LANSING - The state's main economic development program, already under heavy criticism, failed to adequately determine whether businesses receiving tax breaks to locate or stay in Michigan delivered on the wages and jobs promised, according to an audit released Monday. Auditors for the legislative auditor general found that in 15 of the 27 audits of
ANN ARBOR ? Aeroflex will spend $3 million to expand its Scio Township-based affiliate, Aeroflex/ Inmet, a manufacturer of passive coaxial components for use in wireless communication applications due to state tax credits approved by the Michigan Economic Growth Authority board. As part of Aeroflex/Inmet?s expansion in the Ann Arbor region, Aeroflex will consolidate operations
FARMINGTON HILLS - Beringea, Michigan's largest venture capital firm, has invested $6 million in Remote Presence total telemedicine solutions provider, InTouch Health. The investment, which is part of a $10 million Series D financing round, will fund the opening of an engineering research and development center in Michigan, as well as further fuel the company's
GRAND RAPIDS ? Dematic, an integrator and supplier of logistics systems for factories, warehouses and distribution centers around the world, has partnered with Kollmorgen, a manufacturer of driverless control technology, to provide a new order fulfillment solution called LaserTrucks+. Dematic will utilize Kollmorgen Pick-n-Go laser guidance and vehicle control systems as a core component of
BURLINGAME, CALIF. - It was a tiny mistake with epic consequences, and now the company responsible says it wants to make amends. Last week McAfee released a new version of its security virus software that, mistakenly, included in its list of PC-eating viruses a program that was, in fact, a standard part of the Windows
AUBURN HILLS - Factory automation software provider Plex Systems cut the ribbon this week on its new 40,000 square foot facility and announced the addition would house software developers, project managers and support staff, some 90 employees, about half of them new hires. But when you take the math used by the Michigan Economic Growth
DETROIT ? The Michigan Neonatal Biobank has set up shop in Wayne State University's TechTown. Director Nancy Christ talks about what these bloodspots mean for researchers looking at childhood diseases. To listen, click on MITechNews.JenesysGroup.Com a>>
ANN ARBOR ? VersaIMAGE, a leader in hybrid Document Image Management Systems, has signed an agreement with Online Tech to host their VersaIMAGE-WEB, Software-as-a-Service platform on Online Tech's managed servers. VersaIMAGE is helping government agencies, financial, real estate, manufacturing and health care institutions cut costs by moving from paper to electronic records. VersaIMAGE's document management
DETROIT? Suppressing an enzyme that promotes tumor growth is the goal of a $1.3 million study led by Wayne State researcher Patrick M. Woster, Ph.D., professor of pharmaceutical sciences in the Eugene Applebaum College of Pharmacy and Health Sciences and resident of Canton. Woster received $1,311,950 from the National Cancer Institute of the National Institutes
DETROIT ? Enhancements to the U.S. Small Business Administration loan programs, made available under the American Recovery and Reinvestment Act, continue to be a key factor in the rebound of SBA-backed loans for small businesses. SBA Michigan District Office statistics for the first six months of this fiscal year show a tremendous increase in both