LANSING - The Michigan Strategic Fund has approved a $22.5 million investment in a new private equity fund that will provide growth funding for Michigan automotive suppliers, the Michigan Economic Development Corporation announced Tuesday. The loan funding under the MEDC Capital Conduit Program went to Grow Michigan Holdings, LLC, to be invested as Michigan Capital
ANN ARBOR - In their annual November forecast of the Michigan economy, George Fulton and colleagues Joan Crary and Donald Grimes, University of Michigan economists,say the state will add more than 132,000 jobs over the next two years. All told, Michigan will have added nearly 463,000 jobs during the economic recovery from summer 2009 through
ANN ARBOR - America's economy should grow at its fastest pace in a decade in 2015, and continue that stronger pace of growth into 2016, economists said at a conference in Ann Arbor on Thursday. That growth could result in more than 5 million jobs created in the United States during those two years, the
ANN ARBOR - Blaze Medical Devices, which is developing novel blood analysis technologies, announced that it has been awarded a $200,000 Phase I SBIR grant from the National Institutes of Health in collaboration with University of Michigan Health System?s Blood Bank. The focus of this grant is to study the strength of correlation between red
DETROIT - Gov. Rick Snyder unveiled the Michigan Cyber Initiative 2015 to an audience of nearly 700 information technology experts and professionals on Monday during what he billed as the North American International Cyber Summit in Detroit. Snyder, who was re-elected earlier this month for a second four-year term, outlined an ambitious plan over the
LANSING - Long-stymied efforts to increase funding for Michigan's battered roads won a momentous victory Thursday in the Senate with the passage of legislation that hopes to eventually raise more than $1 billion through doubling the gasoline tax. It took several attempts on an updated version of the bill it last attempted to pass in
WASHINGTON DC - In the wake of President Obama's call for the Federal Communications Commission to adopt tighter regulations to preserve a free and open Internet, the agency's chairman is reportedly considering a different tack. FCC Chairman Tom Wheeler said during a meeting Monday with executives from major Internet companies that he was considering an
LANSING ? You know when we told you last week that you had to get your nominations in by Nov. 7 for the 2015 Small Business Innovation Awards and the Michigan Celebrates Small Business? Well, the deadline has been extended to this Friday, Nov. 14. So there?s still time to nominate your favorite company, even
BEIJING - The U.S. and China reached an agreement to drop tariffs on a wide range of technology products, according to a senior U.S. trade official, in a deal that its backers say could cover $1 trillion in trade. The U.S. has been pushing to include medical devices, advanced semiconductors and other items in the
DETROIT ? John Bailey, founder of John Bailey & Associates Public Relations, has come out of retirement to join Truscott Rossman as its first business strategist. Bailey sold his PR firm to Lambert, Edwards & Associates, a West Michigan public and investor relations agency, in Aug. 2009. Bailey, a member of the Public Relations Society