LANSING ? The Michigan Economic Development Corp. will have another $25 million available after October 1, when the new state budget begins, to fund innovation and entrepreneurship. How those dollars will be allocated has yet to be decided. Martin Dober, MEDC Senior Vice President of Entrepreneurship and Innovation, said the money will be used to
LANSING ? Syzygy Biotech Solutions, a Grand Rapids biotech company, won the $100,000 SmartZone Award at the Great Lakes Entrepreneur's Quest business plan contest at the James B. Henry Center on the Michigan State University campus. Syzygy produces biological reagents for use in DNA amplification, a fundamental and growing part of all DNA testing, related
LANSING - Fewer Michigan residents use wireline telephones, and of those who do, more are opting for competitors to the incumbent providers, according to a report released Tuesday from the Public Service Commission. The annual telecommunications competition report showed wireline service had declined another 7 percent between 2009 and 2010 to about 3.63 million lines.
LANSING - Robert LaBrant, the general counsel for the Michigan Chamber of Commerce, has the lead role in crafting the new maps for Michigan's 14 U.S. House districts, Gongwer News Service has learned. LaBrant, considered one of the foremost experts on election, campaign finance and redistricting laws in the state, is working with Jeff Timmer,
WASHINGTON ? Double dip recession? Not according to Federal Reserve Chairman Ben Bernanke who said Tuesday that recent signs of economic weakness had not altered his basic view that the economy was mending slowly and that the pace of recovery seems likely to increase during the rest of the year. Bernanke also said that he
MACKINAC ISLAND - In a drive to create a streamlined yet powerful state economic development engine, Michigan's Economic Development Corporation is embarking on a redrawn strategy to spur growth from the ground up, an official said Friday. "We're going to be starting with our local economic development partners," said Douglas Smith, senior vice president, strategic
WARREN - General Motors will invest $130 million to build an enterprise data center at its Technical Center campus in Warren, adding 25 high-tech jobs and expanding and renovating a former administrative building. Design is under way on the renovation and construction, with the final phase scheduled for completion in 2015. The investment will result
TROY - Altair Engineering's staffing division, Altair ProductDesign, after doubling its onsite engineering specialists in the past 12 months, is looking to fill more than 1,000 open positions for skilled engineers and designers throughout the United States. Altair ProductDesign?s staffing business helps its customers to fulfil engineering and design resource requirements by accessing a qualified
MACKINAC ISLAND - Michigan and all states need to do seven things to be considered business-friendly, Michael Porter, a top business professor at Harvard, told the Detroit Regional Chamber Policy Conference. None of the seven items directly had to do with lowering taxes, and some should not have to cost the state any money, he
MACKINAC ISLAND - A nationally known educator who has developed a pioneering school in Harlem said the United States will destroy itself if it fails to take full notice of demographic trends and educate children to meet the challenges those trends will mean. Geoffrey Canada, president of Harlem Children's Zone, said that by 2040 the