YPSILANTI ? One of the most influential women in U.S. finance, who also happens to manage $600 million in Michigan venture capital funds, said the state has distinct advantages over more traditional investing havens making Michigan a compelling place for Venture Capitalists. Kelly Williams, who leads Credit Suisse?s Customized Fund Investment Group, with some $30
PETOSKEY - Center for Computer Resources has acquired Power IT, a business technology solutions company based in Petoskey. Terms were not announced. CCR will provide local northern Michigan service under the Power IT name and current staff will be retained in the Petoskey and Traverse City office locations. Ingalls joins CCR and will become part
DETROIT - Compuware posted a fourth quarter loss this week and missed Wall Street's expectations, but beat revenue expectations. Analysts said the higher-than-expected revenue is a sign to shareholders that higher growth may be in the offing for the computer services company. Compuware reported adjusted earnings per share loss of $0.30. By that measure, the
LANSING ? Michigan government provided nearly $14 million in tax incentives to five businesses and four community improvement projects across the state that are expected to generate $173 million in new investments. The Michigan Strategic Fund said the projects also could create more than 1,100 new jobs. ?These business expansions and community improvements demonstrate the
LANSING - The Michigan Land Bank Fast Track Authority is moving from the Michigan Strategic Fund to the Michigan State Housing Development Authority through an executive order Governor Rick Snyder issued Monday. Snyder said EO 2013-8 would bring together two agencies working on redevelopment efforts. "This strategic reorganization allows MSHDA to strengthen its partnership with
ANN ARBOR - In 2012, Michigan jumped from 25th to 15th in the national Venture Capital ranking - one of the largest increases in venture funding last year. Compared to the national trend of declining VC funds and activity, funding activity and fund sizes in Michigan continued strong and steady growth last year. The information
LANSING - Net revenues from Michigan's major taxes jumped by 18 percent in April compared to April 2012, figures from the Senate Fiscal Agency showed, driven largely by a sharp increase in income tax collections. During the month, the state collected about $2.3 billion, up by $248.2 million from the January revenue estimating conference projections
ANN ARBOR ? Thirty six companies will pitch hundreds of potential investors next week at the 32nd annual Michigan Growth Capital Symposium. Presented by the University of Michigan Zell Lurie Institute at the Ross School of Business, this year?s Symposium will be held May 21-22 at the Marriott Resort in Ypsilanti. More than 400 entrepreneurs,
LANSING - The Michigan Senate on Thursday passed its Department of Community Health budget with some minor changes after much discussion about how the chamber would handle whether or not to expand Medicaid in its proposal to force the subject to be discussed in conference committee. The bill (SB 198 ) was discharged from the
ANN ARBOR ? Ned Staebler and Inspire Michigan are publicly launching the Michigan Talent Agenda and MTA Fellowship on May 23 at Quarter Bistro. The event is a fund raiser. Guest speakers include Lou Glazer, President of Michigan Future; U-M Regent Mark Bernstein; Flint Mayor Dayne Walling; Dan Gilmartin, President of Michigan Municipal League; Kristy