LANSING ? Is the Michigan Republican-controlled legislature trying to kill the $150 million Venture Michigan Fund and give Democrat Gov. Jennifer Granholm a black eye? Some Fund board members seem to think so. Before and after a meeting last week that coincided with the Michigan Growth Capital Symposium in Ann Arbor, several Fund board members
BLOOMFIELD HILLS - Nantucket Multi Managers, LLC appointed Paul Arslanian, J.D., C.P.A., and Edward M. Hunia, CFA, to its Advisory Board who will join seven other senior business executives to provide business guidance and counsel to Nantucket. Arslanian is a Managing Partner of McDonnell, Conley, Arslanian & Neveaux, LLP in Bloomfield Hills. His areas of
DETROIT ? Wayne State University will be part of the World Expo in Japan next month when it hosts a nanotech and business exhibition in the U.S. Pavilion. The Expo is expected to draw 15 million people from around the globe. Wayne State will be the sole university from Michigan at the World Expo hosting
LANSING ? Michigan Senate Finance Committee chair Sen. Nancy Cassis (R-Novi) said Friday she is working on a business tax proposal in answer to Gov. Jennifer Granholm's plan that will call for a tax cut. Cassis said her goal is to have a proposal out to senators to review before the Senate breaks at the
DETROIT - Nissan has confirmed plans to build the coming hybrid version of the Altima sedan at its vast assembly complex in Smyrna, Tenn. The addition of the gas-electric Altima will require $10.4 million in modifications to the plant, which also builds the Maxima sedan, the Xterra and Pathfinder SUVs and the Frontier pickup truck.
DETROIT - The price of crude oil jumped last week on concerns about possible terrorist attacks in Nigeria. The ripples from the concern about oil shipments from Nigeria helped push up the price of crude to nearly $59 per barrel. Some analysts began speculating about prices reaching even $70 per barrel, putting a crimp in
LANSING ? Sponsors of a Michigan House alternative to Gov. Jennifer Granholm's proposal to invest $2 billion from bond sales to lure technology and life sciences businesses to Michigan hope to introduce their plan next week. Rep. Andy Dillon (D-Redford) and Rep. Bill Huizenga (R-Zeeland) continue to craft their proposal, which would securitize 25 percent
ANN ARBOR ? A record 550 people packed the first day of the Michigan Growth Capital Symposium, a two-day conference that connects potential investors with 32 Midwest technology companies, which will give their pitches Thursday. The old record, 472 attendees, was set just last year, said David Brophy, conference host who is Director of the
ANN ARBOR ? University of Michigan Professor Farnam Jahanian, whose technology lead to the creation of an Internet security company, and Glen Barna, a former graduate student at Michigan Technological University who developed a wireless telemetry company, both received $25,000 Wednesday night as the first winners of the University Awards for Commercialization Excellence. Jahanian and
LANSING ? Michigan House Republicans will pursue a counterproposal to Democratic Gov. Jennifer Granholm's plan to overhaul business taxes that contains the parts of her package that they like best ? putting on hold radical changes to the tax structure that were under consideration. The House Tax Policy Committee is expected to meet next week