DETROIT - Changes under the American Recovery and Reinvestment Act to U.S. Small Business Administration loan programs has led to a rebound in SBA-backed loans for small businesses and greater access to much needed capital. The SBA Michigan District Office statistics for October show a significant increase in both dollar amounts and the number of
LANSING ? AT&T Michigan has been ordered by an Ingham County Circuit Court judge to pay ACD Telecom $7,994.590 for breach of contract. From January 2003 to December 2003 AT&T offered to enter into a "Mutual Waiver Agreement," or MWA, with Michigan CLECs. Under the MWA, the parties agreed that they would not charge termination
DETROIT - Eastern Michigan University's Center for Regional and National Security hosted a day-long security seminar in October that matched security students with business that need security services. To listen, click on MITechNews.JenesysGroup.Com a>>
DETROIT - Clean Emissions Fluids, a Wayne State University on TechTown Tenant, has come up with a revolutionary way to deliver biofuels of many kinds to gasoline service stations. To listen, click on MITechNews.JenesysGroup.Com a>>
DETROIT - B.A. Maze, which makes devices to more easily remove caps from such products as medicine bottles, has landed a major new distributor, Bed, Bath & Beyond. To listen, click on MITechNews.JenesysGroup.Com a>>
DETROIT - Wayne State University's TechTown will soon open its Stem Cell Commercialization Center to help find cures for some of the world's killer diseases, including cancer. To listen, click on MITechNews.JenesysGroup.Com a>>
LANSING - In a move to stave off some of the budget cuts hitting K-12 schools, the Michigan House approved a supplemental Thursday that would tap federal stimulus funds and yet-to-be-approved state revenues in order to reduce the governor's $127 per-student proration and restore funding for higher-funded schools and early education programs. Gov. Jennifer Granholm
LANSING - About $6.9 million in funding for horse racing programs vetoed by Gov. Jennifer Granholm would be restored under a bill that passed the Senate on Thursday. The bill (HB 4311 ) replaces all but $1.7 million of the funding Granholm vetoed in the 2009-10 fiscal year budget for those programs. It uses money
DETROIT - Chrysler CEO Sergio Marchionne held a marathon eight-hour press briefing yesterday and made it very clear the company has the cash, the resources and the plan to turn itself around. Chrysler says it will break even on an operating basis next year. It will break even on a net basis in 2011. By
SOUTHFIELD - The Salvation Army is pumping up its Online Red Kettle with the introduction of a new Facebook application in an effort to engage all audiences in its annual Red Kettle Campaign. The Online Red Kettle allows people to host their own fundraiser for The Salvation Army by making donations online. "With an increased