LANSING - There was agreement between business officials and scientists Tuesday that the Earth is warming and human activity contributes to that, but while a group of scientists in the state urged new federal policy on the issue, business officials argued the cost of the proposals was substantially higher than the gains. A group of
DETROIT - New Economy Initiative announced Monday it will invest $9.25 million over three years and work closely with the Ewing Marion Kauffman Foundation to help minority auto suppliers find new non-auto partners. The program will be based at Wayne State University's TechTown and help an estimated 800 entrepreneurs annually, creating an estimated 400 new
WASHINGTON - The Obama administration on Tuesday plans to order auto makers to increase the overall fuel economy of automobiles sold in the U.S. to 35 miles per gallon by 2016, four years faster than current federal law requires, people familiar with the matter told The Wall Street Journal. The move is part of a
YPSILANTI - Doug Given, a partner with Bay City Capital in San Francisco, toured the former Pfizer research lab in Ann Arbor before he gave his keynote speech at the Michigan Growth Capital Symposium and now calls it a "Rare Opportunity" for providing the biotech industry worldwide a one-stop shopping experience at the University of
YPSILANTI - University of Michigan Finance Professor David Brophy, who has been running his Michigan Growth Capital Symposium for 30 years, also has been saying for about the same length of time that as long as the auto industry was doing great in Michigan, the state's economy would never become entrepreneur friendly. Now that the
LANSING - Despite the difficult economic times in Michigan, which has forced the state legislature to abandon the 21st Century Jobs Fund competition this year, Michigan must still play offense if it wants to grow its technology sector, which includes biotech, homeland security, clean technologies and advanced manufacturing, said Greg Main, new president of the
YPSILANTI - The Michigan Venture Capital Association released its second annual update last week at the Michigan Growth Capital Symposium, a big investor conference hosted by the University of Michigan. MVCA President Mina Sooch said, while the private equity finance sector in Michigan still has a long ways to go before it can compete with
DETROIT - Great Lakes Angels, which once was housed in TechTown, is returning to the Wayne State University incubator. Rick Galdi, president of the angel investing group, gave this exclusive interview at the Michigan Growth Capital Symposium to MITechNews.Com Editor Mike Brennan. To listen, click on MITechNews.MediaRica.Com a>>
WASHINGTON - Small businesses suffering financial hardship as a result of the slow economy may be eligible to receive temporary relief to keep their doors open and get their cash flow back on track through to a new loan program. Beginning on June 15, SBA will start guaranteeing America?s Recovery Capital (ARC) loans. ARC loans
ANN ARBOR �?? HandyLab has signed an exclusive agreement to co-market its molecular assays on BD Diagnostics's new Max system, an automated molecular diasgnostic testing platform in development using HandyLab's recently launched Jaguar instrument. BD will focus initially on its BD GeneOhm line of molecular assays to detect major pathogens associated with healthcare-associated infections. "This