LANSING - Legislation providing a Michigan Business Tax credit to encourage Hemlock Semiconductor to expand its operations in the state was signed on Wednesday by Governor Jennifer Granholm. Hemlock, a subsidiary of Dow Corning, is the largest producer of hyper-pure polycrystalline silicon for the semiconductor and solar industries and in the state's poor economic status
DEXTER - ReCellular, a cell-phone recycling firm, is getting a $15 million Series A Preferred Stock investment from Investor Growth Capital. The money will be used to expand operations and accelerate revenue growth. "We see tremendous growth potential in ReCellular," said Albert Kim, Vice President of IGC. "They have revolutionized the electronics-sustainability industry by providing
DETROIT - Automation Alley members will soon have the opportunity to rent 5000 square feet of dedicated space at TechTown, the Wayne State University research and technology park - in a new partnership that could redefine what entrepreneurial supports groups can do in Michigan. In exchange, Automation Alley will provide TechTown with what the technology
WASHINGTON DC - The Federal Reserve, on Tuesday held overnight interest rates charged its largest customers - primarily banks - at 2 percent, while indicating it had continued worries about weaker economic growth ahead. In a statement accompanying its decision, the Fed sought to straddle the line between continuing inflation concerns and the risk of
LANSING - The full U.S. Senate approved the Great Lakes Compact on Thursday, leaving U.S. House approval and the president's signature as the final obstacles for a proposal that has bounced around the region since eight governors approved framework for the measure in late 2005. The Great Lakes-St. Lawrence River Basin Water Resources Compact is
LANSING - Processing an initiative petition to amend the Constitution is essentially a ministerial duty that does not include having the state review a proposed amendment to see if it is constitutional, the state said in its reply to the lawsuit attempting to stop placement of the Reform Michigan Government Now! proposal on the November
AUBURN HILLS - Chrysler LLC on Monday named Jan Bertsch, Senior Vice President Treasurer and Chief Information Officer, to lead the automaker's efforts to consolidate Information Technology Management and Treasury into a new integrated structure. Under this integrated structure, Bertsch is responsible for the Company's global treasury operations. She continues to direct the Company's systems
DETROIT - Inventor Dean Kamen, founder of FIRST - For Inspiration and Recognition of Science and Technology - has restructured his program in Michigan into 16 districts under the new entity called FIRST in Michigan in an effort to keep Michigan as once of the top engineering centers in the nation. Each district will run
LANSING - Michigan Gov. Jennifer Granholm's new Invest Michigan initiative will include two funds using public employee pension money to attract new business to the state. The funds will be overseen by three professional capital management companies, as well as an 18-member board of state business leaders. The Growth Capital Fund, overseen by Beringea and
GRAND RAPIDS - Close to one-third (30 per cent) of chief financial officers (CFOs) surveyed said the most significant change in their roles over the past five years has been an increase in strategic planning. Eighteen per cent of respondents indicated they have taken on an expanded leadership or management role within the company. The