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Report: Michigan Businesses Received More Than $41M from Angel Investors in 2017

In 2017, angels invested more than $41 million in 70 Michigan companies, according to a report released Tuesday by the Michigan Angel Community, a new statewide initiative managed by Spark in Ann Arbor. The company recently completed its first annual research report.

Detroit’s Holiday Inn Express and Suites Slated to Become Boutique Hotel with Acquisition by New York-based Company

Downtown Detroit’s Holiday Inn Express and Suites has been acquired by Glenmont Capital Management, a New York-based real estate investment firm, Glenmont announced today. The property will undergo a $10 million renovation and be rebranded to an upscale boutique Hotel Indigo.

IPS Realty in Grosse Pointe Park Partners with New York Investor to Renovate Residential Property in Detroit

IPS Realty in Grosse Pointe Park today announced it has partnered with Icarus Investment Group in New York to acquire and renovate residential property in Detroit.

Bedrock and Quicken Loans Commit $1M to the City’s $9M Plan to Revitalize Breithaupt School

Detroit Mayor Mike Duggan, Nikolai Vitti, superintendent of Detroit Public Schools Community District, and officials from Quicken Loans and Bedrock today announced a $1 million investment in the Breithaupt Career and Technical School.

Spider Silk Company Kraig Biocraft in Ann Arbor to Establish Subsidiary in Vietnam

Kraig Biocraft Laboratories Inc., an Ann Arbor developer of genetically engineered spider silk-based fiber technologies, today announced it has received an investment registration certificate for the establishment of its new Vietnamese subsidiary, Prodigy Textiles Co. Ltd.

Wayne Landfill Receives EPA Approval for Biogas to Renewable Natural Gas Facility Operations

Massachusetts’ Ameresco Inc., an energy efficiency and renewable energy company, today announced the landfill gas to renewable natural gas facility at Waste Management’s Woodland Meadows Landfill in Wayne has achieved EPA approval and is now in operation.

Detroit’s GM Partners with Amazon to Offer In-Vehicle Package Delivery Via Key App

Owners of more than 7 million eligible Chevrolet, Buick, GMC, and Cadillac vehicles in the United States can now have Amazon packages delivered inside of their vehicles, General Motors Co. announced today.

Birmingham-based MadDog Ventures Closes $26.7M Venture Capital Fund

MadDog Ventures, based in downtown Birmingham, today announced the successful closing of its first venture capital fund, Mad Dog Venture Fund I, L.P.

Henry Ford Health System in Detroit Taps Robotic Technology Used on International Space Station

Detroit’s Henry Ford Health System is the first in the state to use robotic imaging technology for brain and spinal surgeries using the Modus V, a robotic arm developed from technology used on the International Space Station, the health care organization announced today.

Ann Arbor-based U-M Researchers Develop High-efficiency Organic Solar Cells

Researchers at the University of Michigan in Ann Arbor have created organic solar cells that can achieve 15 percent efficiency, which is in the range of many conventional solar panels on the market. The advancement will make more flexible, inexpensive solar cells commercially viable.

Global FIRST Robotics Competition in Detroit This Week Expected to Generate $30M in Economic Activity

More than 15,000 students grades K-12 from 25 states and 45 countries are slated to compete in the global FIRST Championship in Detroit this week (April 25-28), spending an estimated $30 million in the city.

Dearborn EnvisionTEC Creates World’s Longest 3-D Printed Chain

EnvisionTEC in Dearborn, a global manufacturer of desktop and full-production 3-D printers and materials, today announced it has 3-D printed the world’s longest resin chain in a single piece.

Report: Metro Detroit Sees Third Best Start for New Housing Permits in the First Quarter Since 2006

The first quarter was the third-best start for new housing permits in the area since 2006, according to a report released today compiled by the Home Builders Association of Southeastern Michigan in Farmington Hills, and reported in the HBA Southeastern Michigan Residential Building Activity Report.

Ada-based Amway Partners with Global Leader In Microbiome Testing to Boost Human Health

Amway, based in Ada, Mich., announced a new strategic partnership for research and development with Microbiome Insights, a global leader in microbiome testing.

Swift Biosciences in Ann Arbor Releases Cancer NGS Panels to Identify Variants Within Cancer Genes

Swift Biosciences in Ann Arbor has announced the commercial release of its Accel-Amplicon Plus Cancer NGS Panels, a suite of nine tumor-specific and focused gene panels to facilitate targeted cancer sequencing.
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More »From the Magazine

By the Numbers

Jeffrey Sachs grew up in Oak Park, then made his mark as an economist and director of Columbia University’s Center for Sustainable Development in New York City.

Back from the Dead

Battery Solutions in Howell recycles spent batteries with startling efficiency.

Celebrating Millennials

Stereotypes about younger workers abound, but they’re really not all that different.

Factory of Prosperity

A nonprofit organization in Detroit is transforming unused school facilities into business and community ecosystems.

No Vacancy

The region’s apartment sector is surging, having recovered from the 2008 global financial crisis and Detroit’s successful run through bankruptcy in 2014.

Friend Robot

For the next three years, the hugely popular FIRST Robotics competition will be held in Detroit.

PDA: Q&A Peter J. Ginapolis

The E-Interview Peter J. Ginapolis, Vice President, LSG Insurance Partners, Bloomfield Township

Splitting the Pot

Detroit’s three casinos, along with land-based operations outstate, are facing growing competition from the Michigan Lottery and its exclusive offering of online gaming options.

Huron-to-Erie Corridor

The region’s water economy, stretching from the southern end of Lake Huron to the northern tip of Lake Erie, is a major economic generator — but more marketing efforts could drive expenditures for fishing, boating, and charters even further.

Beacons of Commerce

In the 19th century, lighthouse construction helped Great Lakes shipping flourish.

Lead Right

A former boxer retires to pursue his main event in the corporate staffing industry.

Clean Break

For Brian Pour, the recent formation of auto supplier Auria Solutions in Southfield served as a homecoming.

Compendium News Links More »

The Outside Media Opine on the Motor City

Let Syrians Settle Detroit

Source: The New York Times

Larry Page Looks Ahead

Source: Fortune

Detroit Homes Still Selling for $1

Source: The Daily Caller News Foundation

You Can Sell a Lot of Cars with a Tent

Source: Bloomberg Businessweek

The Death and Life of Detroit

Source: The American Prospect

Matty Moroun, Detroit's Border Baron

Source: Bloomberg Businessweek

Obama Pushes False GM Success Story

Source: Investors Business Daily

Women in a Man’s World

Source: The Wall Street Journal

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