KALAMAZOO ? The third time is the charm for the Southwest Michigan First Life Sciences Investment Fund. After getting its first two offers turned down, the $50 million fund has invested in NanoMed Pharmaceuticals. The dollar amount was not disclosed. The Kalamazoo-based drug development company will relocated its headquarters to nearby Kalamazoo Valley Community College?s
GRAND RAPIDS - The Michigan Small Business & Technology Development Center has hired Brent Mulder, PhD, to provide Technology Business Consulting Services to help the state's life sciences companies find funding and commercialize their products and services. Mulder earned his PhD in 2002 at the University of Houston, Texas. His emphasis is on DNA sequencing
LANSING - The Michigan House on Wednesday signed off on a package of Senate bills aimed at boosting the state's involvement with alternative fuels, as well as finalizing the chamber's own bills on the same issue. Approved were SB 1074 , SB 1075 , SB 1078 and SB 1079 by nearly unanimous votes. While Rep.
LANSING - The joint Michigan legislative committee created to develop a replacement tax for the Single Business Tax will hold its first meeting on Tuesday, but the committee's only action planned for the meeting is to organize itself. The committee was created to develop a proposal to replace the SBT. State elections officials are reviewing
ANN ARBOR ? 20/20 Communications, which already was providing high-speed wireless connections to select areas of Washtenaw County, now will get to extend its network to the entire county after the Wireless Washtenaw Advisory Board picked the company from among three finalists that included IBM, AT&T and MichTel Communications. 20/20 Communications will partner with Siemens
SAN JOSE - Yahoo introduced on Monday a beta of its Yahoo Messenger with Voice chat application that includes free plug-ins designed to let people to do things like track eBay auctions, see friends' wish lists on Amazon.com, collaborate real-time on event planning and compare calendars with contacts. Separate versions of the Yahoo Messenger with
LANSING - Securitization of the Michigan's tobacco settlement revenue for the 21st Century Jobs Fund was a success, an official for the authority overseeing the fund told a joint legislative oversight committee on Thursday. The state sold $1.044 billion in future state tobacco revenue for the bonds, which banked $490 million for the fund, said
LANSING ? Michigan lawmakers are reviewing three proposed bills offered by Gov. Jennifer Granholm that would preserve a variety of tax credits now granted business under Michigan's Single Business Tax to see what, if any, portions they can include in their own bills. The proposed bills sent to the Legislature late Monday deal with allowing
LANSING - A Reader's Digest magazine study which ranked Detroit last among 10 cities vulnerable to terrorist attacks was the basis for state Republican Party criticism of the Granholm administration's failure to improve protection for the state's largest city since 9-11 - Granholm administration officials labeled the ranking inaccurate and unfair. The magazine article gave
DETROIT ? Some 10 percent of chief information officers in the Detroit area expect to hire IT professionals in the third quarter, while 5 percent anticipate staff reductions, giving Southeast Michigan a 5 percent net employment gain, up from 3 percent in the second quarter. The surveys were conducted by an independent research firm and