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DETROIT – Benzinga CEO Jason Raznick announced Monday that Beringer Capital purchased a majority stake in the financial news service he created in his basement in 2010. He also said in his announcement that Benzinga now has a market value of $300 million, although he did not disclose the terms of the deal. Raznick has
LANSING - Gov. Gretchen Whitmer seeks to inject $200 million into Michigan technology startups using federal pandemic relief funds, as part of a broader $1.52 billion proposal for using federal American Rescue Plan Act funding that Congress approved in March. Whitmer’s Startup Resiliency Initiative would put $140 million into direct equity investments in tech startups
DETROIT - The US Economic Development Administration’s Office of Innovation & Entrepreneurship is awarding TechTown Detroit a grant of $400,000 to unlock angel capital and diversify angel investing throughout Michigan and the Great Lakes region. The grant is part of the Build to Scale Program, which aims to accelerate technology entrepreneurship by increasing inclusive access
TRAVERSE CITY - FirstIgnite was the audience favorite at the TCNewTech pitch event earlier this month winning the $500 prize provided by 4Front Credit Union. Co-Founder and CEO, Chase Bonhag presented his emerging startup to an audience at The City Opera House. The event was live streamed on the TCNewTech Youtube Channel and LinkedIn. The
KALAMAZOO - The Southwest Michigan First Board of Directors has selected Jonas R. Peterson, CEcD, to serve as chief executive officer for the Southwest Michigan regional economic development organization. Peterson’s appointment follows a six-month national search that prioritized community input and inclusivity. “After a rigorous national search, Jonas Peterson rose to the top as the
CLEVELAND - Fully vaccinated persons with a clinical diagnosis of cannabis use disorder (CUD) possess a greater risk of COVID breakthrough infections than do to similar controls, according to data published in the journal World Psychiatry. Researchers with the US National Institutes of Health and Case Western Reserve University in Cleveland evaluated whether those with a diagnosis of
KALAMAZOO – Friday Southwest Michigan First announced it has secured an anonymous gift of land along with a $100 million commitment for the construction of a new Career and Technical Education Center on the gifted parcel. “For years, local educators and employers have talked about the need for a centralized career and technical center in
GRAND RAPIDS — Food, technology and recycling startups were among the 10 winners to receive individual $20,000 awards at this year’s 100 competition hosted by Grand Rapids-based business incubator Start Garden LLC. Start Garden officials say this year’s event was competitive after more than 650 entrepreneurs submitted ideas to be selected for funding. In August, the
LANSING - Six leading organizations advocating for improved public health and patient care are asking Congress to protect Michigan’s most vulnerable residents by eliminating vaccine co-pays that seniors are required to pay through some Medicare coverage plans – but not others. The “Protecting Seniors through Immunization Act” introduced in Congress this year would eliminate Medicare
OMAHA, Neb. - Remote work has been incredibly popular, but remote work anxiety has been an unforeseen side-effects, a new study contends. Since starting en masse in March 2020, remote work has been viewed upon favorably by most employees, Breeze said in the study’s executive summary. “One of our studies even found workers were willing
