WASHINGTON ? President Barack Obama signed legislation Thursday providing $80 million in additional funding to continue important enhancements in the U.S. Small Business Administration's two key small business loan programs. The enhancements, first made available under the American Recovery and Reinvestment Act, include a higher guarantee on some SBA-backed loans and small business fee relief.
DETROIT - A who's who of state, local and Canadian officials, combined with leaders from business and labor, opened an effort Friday to persuade what so far has been a reluctant Legislature to authorize the construction of a new bridge connecting Detroit and Windsor. Governor Jennifer Granholm said the united front should convince lawmakers that
DETROIT ? TechTwo, a former Cadillac dealership, will be renovated as incubator space courtesy an $800,000 grant from The Kresge Foundation. The grant allocates up to $650,000 for renovating the former Dalgleish Cadillac building at 6160 Cass Ave. TechTown has a waiting list of entrepreneurs seeking office space and cubicles for lease, and other startup
ANN ARBOR ? The Great Lakes Entrepreneur's Quest business-plan writing contest set a record for entries in the spring contest ? 302. Nearly one third were for the $100,000 Smart Zone award. But with some yet to be announced prizes, GLEQ could offer close to $250,000 in prizes this June at the awards ceremony at
DETROIT ? Invest Detroit, through is new First Step program, is offering start ups in Southeast Michigan loans of up to $50,000 in a program run through the New Economy Initiative. Entrepreneurs must first get their business plans approved by TechTown, Automation Alley or Ann Arbor SPARK. To listen, click on MITechNews.JenesysGroup.Com a>>
NEW YORK - It's baa-aaack. The persistent malware Koobface, that plagues Facebook users has reared its ugly head again. A new round of e-mails aimed at launching the worm onto the PCs of unsuspecting users has been discovered by researchers for the security vendor ESET, according to the company's Wednesday blog. Uncovered by ESET researchers
ROCHESTER - To show that observing Earth Day doesn't need to be all that serious, nationally known comedian and television personality Dave Coulier will be on hand to emcee and provide laughs when the MI Earth Day Fest hosts its exclusive Preview Party from 7-9 p.m., April 22nd, in the festival's party tent next to
WARREN - Michigan's economic future can no longer rely upon the manufacturing industry, but must look to technology and science-based opportunities. This year, Corp! magazine and MITechNews.Com created the Business of Science and Technology Awards to recognize those companies and educational organizations that are leading the way in science and technology through innovation, research and
GRAND RAPIDS ? Two economic forecasts released this week show the Michigan economy is on the rebound. On Thursday, Comerica chief economist Dana Johnson reported the local economy climbed "impressively" in February in his Michigan Economic Activity Index to a level not seen since October 2008. While on Tuesday, University of Michigan economist George Fulton
NEW YORK - German auto major Daimler and Franco-Japanese alliance Renault-Nissan today announced a three-way tie up, including equity swaps, for co-operation in development of small cars and light commercial vehicles. As part of the agreement, Renault-Nissan Alliance will pick up 3.1 per cent stake in Daimler and Daimler 3.1 per cent in Renault and