LANSING - Plans to create a Regional Transit Authority for Detroit and its surrounding counties are one major step closer to fruition after the Senate on Tuesday passed a package of bills laying the foundation for it to do so on a bipartisan vote over mostly GOP opposition. It was a cold day last winter
ANN ARBOR - NanoBio Corporation announced Wednesday it has closed an $11 million Series C financing round, including full participation from its existing investor syndicate. Proceeds from the financing will be used to advance the company?s development programs for herpes labialis (cold sores), cystic fibrosis and nanoemulsion-based vaccines for respiratory syncytial virus (RSV) and genital
LANSING ? Michigan Employers and educational institutions may soon be unable to ask potential or current employees for access to their social networking information after the Senate Energy and Technology Committee unanimously reported a bill Tuesday. HB 5523 was reported from committee 6-0, with Sen. Howard Walker (R-Traverse City), Sen. Tonya Schuitmaker (R-Lawton) and Sen.
RESTON, VA. - On Cyber Monday, online spending reached $1,465 billion, up 17 percent from last year, representing the heaviest online spending day in history. For the holiday season-to-date, $16.4 billion has been spent online, marking a 16-percent increase versus the same period a year ago. ?Despite some news reports suggesting that Cyber Monday might
LANSING - In his message on energy and the environment, Governor Rick Snyder said Wednesday the state needed to increase its use of renewable energy, but he did not propose a new level to set that use at. Instead, Snyder said in 2013 all sides on the issue should talk and reach an agreement on
LANSING - The Michigan Economic Development Corporation is offering $3 million in grants to help rebuild downtown commercial districts. The Downtown Infrastructure Grant program, a Community Development Block Grant, is aimed at helping low and moderate income Michigan communities. The maximum grant to be awarded is $750,000. Funding priority will be given to projects that
LANSING - Michigan consumers are feeling better about the economy and their personal futures than they have in nearly a decade, according to the latest State of the State Survey conducted by the Institute of Public Policy and Social Research at Michigan State University. While the optimistic feelings still do not match some of the
LANSING ? The Michigan Film Office announced today the feature film Parts Per Billion has been approved for a film incentive from the state. The film tells the interwoven stories of three couples forced to make life altering decisions in the face of a disastrous war. The project will shoot in metro Detroit this December.
DETROIT - Comerica Bank's Michigan Economic Activity Index declined in September, dropping 3.3 points, to a level of 103.3. The good news is the September index reading is 43 points, or 72 percent, above the index cyclical low of 59.9. The index has averaged 104 points thus far in 2012, 13 points above the index
LANSING - The gap between the state's poorest households and richest has again increased, a national study by the Center on Budget and Policy Priorities and the Economic Policy Institute shows, and Michigan residents have generally fared worse than higher-income households since the late 1970s. While incomes for the richest fifth of households grew nearly