KALAMAZOO ? Manatron, a government software development company, posted net income of $22,184 for the second quarter, down sharply from the $158,852 earned in the same three months a year ago. Net revenues, however, increased 3.7 percent to $9.3 million from $9 million in the second quarter of last year. "The decisions to sell the
DETROIT ? An Alabama Life sciences company is setting up shop in Wayne State University?s TechTown accelerator/incubator. The Research Coordination Center of Neurorecovery Inc. moves into the TechOne building this month. Neurorecovery is a patient-focused pharmaceutical and medical delivery system company. It hopes to enhance drug delivery to reduce the misery of patients suffering from
GRAND RAPIDS ? Nannette Wiltjer said she felt StartupCentral?s year-end event, which brought together fledgling entrepreneurs like her and seasoned venture capitalists, was very useful. She got a chance to button hole several potential investors, who gave her feedback on her elevator pitch ? the object of StartupCentral?s Pitch Your Business in Five Breaths cocktail
ANN ARBOR - The Michigan Venture Capital Association elected three new officers, re-elected three more and presented awards to top Michigan entrepreneurs at its annual meeting last week. The new directors are Teri Willey of Arch Development Partners, Chicago; Mahendra Ramsinghani of the Michigan Economic Development Corporation, Lansing; and John Meilner of Bridge Street Capital
GRAND RAPIDS ? CyberNet Group developed an elaborate scheme to bilk millions of dollars from lenders who believed they were financing high-tech equipment and services, alleges a 54-page document filed in federal court. Much of the money was used to pay for a lavish lifestyle for Barton and Krista Watson, which included a condo off
LANSING - The new forecast for Michigan?s fiscal 2004-05 revenues has been set, but don't take that number to the bank just yet. While the special Revenue Estimating Conference forecast that total revenues would be $370 million less than the May estimate, that forecast comes just six weeks before the conference meets again on January
DETROIT ? Ford Motor Co. CEO Bill Ford Jr. tells says he?s ready to restart his clean revolution now that his company is no longer losing money. Ford won't publicly commit to any hard targets, even refusing to confirm leaks from his own execs that Ford is aiming to cut in half the global-warming gases
MIDLAND ? Gregg Zank, Chief Technology Officer and Executive Director of Science & Technology for Dow Corning is the luncheon keynote speaker Thursday at a conference that will explore where Life Sciences is headed in Michigan. Just before lunch, Timothy Mayleben, Chief Operating Officer & CFO of Esperion Therapeutics, which was acquired last year for
ANN ARBOR ? GLIMA has added its sixth chapter, this time in Ann Arbor where GLIMAWala will hold an informal mixer on Thursday, called Tech 5:01, to introduce itself to the University of Michigan community. Wala is short for the Western Wayne, Washtenaw and Livingston counties, the region this new GLIMA chapter will attempt to
LANSING ? Gov. Jennifer Granholm is projecting Michigan departmental budget cuts of between 5 and 7 percent for fiscal 2005-06 fiscal year. But Michigan appears to have escaped a general fund deficit for the 2003-04 fiscal year by the skin of its teeth, forecasts by both the Senate Fiscal Agency and the House Fiscal Agency