LANSING - Most of an aid package for start-up businesses was vetoed Friday by Gov. Jennifer Granholm, though she signed a credit aimed at encouraging development of high-tech companies because she said it was focused and fiscally responsible. The action came two days after Senate Majority Leader Ken Sikkema (R-Wyoming) first indicated the governor's proposed
DETROIT Telematics Update has named its award winners for 2004 and OnStar CEO Chet Huber and his company each grabbed one Telematics Update Awards. The Awards program recognizes companies and individuals for their outstanding performance and achievements in categories such as leadership, innovation and true excellence in their field. These are the only telematics focused
LANSING - Smokers would pay 75 cents more per pack of cigarettes as the House gave Gov. Jennifer Granholm a critical victory Wednesday by passing the centerpiece proposal of her budget-balancing plan, which would make Michigan's cigarette tax the second-highest state cigarette tax in the nation at $2 per pack. Granholm and Democratic legislators, however,
LANSING The Small Business Association of Michigan urged Gov. Granholm to sign SB 1116, a bill to let small businesses deduct the value of Small Business Innovation Research and Small Business Technology Transfer grants from the Single Business Tax base. Our small business economy remains stuck in neutral and badly needs a tax-cutting jump start,"
DETROIT Fifth Annual State of the Net outlook conference, rescheduled from earlier this year, has named the forums speakers who will explore the future direction of the Internet. The industry panel includes for the June 15 event includes: Robert Cohn, partner, Sequoia Capital; Robert Filka, chief operating officer, Michigan Broadband Authority; John Frigo, director, Nielsen
LANSING - The first of the House-originated budgets have gone to the full Senate as the Appropriations Committee reported four spending plans for the departments of Agriculture, Military and Veterans Affairs and State Police and the state's judiciary and IT funding took a hit. The closest item to come to controversy as the budgets were
PONTIAC The aftermarket telematics system that offers OnStar like safety and convenience features called Guidepoint is catching on rapidly with car dealers nationwide. In the first four months of 2004, Guidepoint expanded its dealer base by 20 percent. GPSi said Wednesday more than 300 car dealers across the country are actively selling Guidepoint, an aftermarket-installed
DETROIT Wayne State University technology spin off SenSound has partnered with a Utah company to supply sound analysis systems for manufacturing and engineering companies that SenSound says will reduce set-up times and increase revenues. The SenSound technology lets users see where unwanted sound originates and how it travels through space and time. Its new partner,
TROY The former bankrupt digital document company Lason will be acquired for $30 million by an affiliate of New York-based Charterhouse Group if Lasons stockholders approve the pending deal. Under the proposed agreement, announced Monday, Charterhouse would acquire 100 percent of the 30 million shares of Lasons common stock for $0.125 per share and retire
BLOOMFIELD HILLS David Brophy, one of the states top experts on private equity finance, has been appointed to the Advisory Committee of Nantucket Multi Managers, a hedge fund investor for high net worth individuals and institutions. Brophy also is the founder of the grand daddy of all entrepreneur conferences in the Midwest, the Michigan Growth