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U-M Breaks Annual Research Funding Record, Approves $78.5M Renovation Medical Lab Project

The University of Michigan in Ann Arbor announced a record high $1.4 billion in annual research funding during its most recent fiscal year that ended in June. It also approved $78.5 million for a project that will create 50 state-of-the-art pharmaceutical laboratories for the university’s medical school.

DTE Energy Closes on $1.3B Natural Gas Assets Purchase, Reduces Carbon Footprint

Detroit-based DTE Energy has completed a $1.3 billion purchase of midstream natural gas assets in Pennsylvania and West Virginia.

Ann Arbor’s ProQuest Adds Over 600 Titles to Digital Early English Books Collection

ProQuest, a global information content and technology company based in Ann Arbor, has added more than 630 scanned image titles to its Early English Books Online collection, which is a digital database that includes works from the dawn of printing in England from 1473 to 1700.

Metro Detroit Women in Lodging Group to Host Inaugural Event Oct. 28

The Metro Detroit Chapter of Michigan Women in Lodging, a professional organization that was created in March to develop leaders and hospitality talent in southeast Michigan, will host its inaugural event on Oct. 28 at the Detroit Marriott Troy.

5Qs: Commissioning Committee Member on Preparing for the Arrival of the USS Detroit

Patrick Rugiero is a member of the USS Detroit Commissioning Committee, a nonprofit organization that was established to host a series of events and activities surrounding the arrival last Friday of the U.S. Navy’s newest Freedom-Class Littoral Combat Ship. He spoke with DBusiness Daily News about the challenge of raising close to $400,000 in sponsorships in a compressed time frame.

30 in Their Thirties: Sam G. Huszczo // 35

It didn’t take long for Sam G. Huszczo to become an entrepreneur. Two years after working as a broker at a large financial advisory firm, in 2005, at the age of 24, he launched SGH Wealth Management in Southfield. Today, the firm, which will soon move to larger quarters, has more than $100 million in assets under management. His clients include high-net-worth individuals, executives, small business owners, retirees, and corporations.

Chevrolet Previews New Blue Line Concept Vehicles Before SEMA Show

Prior to its scheduled Nov. 1 public debut at the SEMA Show in Las Vegas, Detroit-based Chevrolet has unveiled its newest concept vehicles, the Malibu and Cruze RS hatchback Blue Line.

Silicon Valley Commuter Shuttle to Launch Metro Detroit Service

MagicBus, a Silicon Valley-based crowdsourced, public commuter shuttle that offers multiple pickup times and routes every weekday, will launch its service in metro Detroit over the next couple of weeks.

Red Wings Launch New Mobile Ticket Program at The Joe, Plan Fan App for Little Caesars Arena

The Detroit Red Wings have partnered with global sales provider ReplyBuy to release the team’s new Txt4Tix program, which sends ticket offers directly to registered mobile devices.

Detroit’s Fontinalis Partners Participates in $6.5M Seed Round for Drone Software Firm

Along with New York City-based firm Lux Capital, Fontinalis Partners, a Detroit-based venture capital firm that specializes in technologies related to next-generation mobility, was the main participant in a $6.5 million seed round for Hangar, an Austin, Texas-based software company that focuses on autonomous data capture using drone technology.

Michigan Strategic Fund Approves Business Expansions Expected to Invest $80.7M

The Michigan Strategic Fund has approved support for two business expansions that are expected to generate $80.7 million in total investment and create 89 jobs in the state.

30 in Their Thirties: Adam Jahnke // 33

Adam Jahnke sat at his desk at Honigman Miller, a large law firm in downtown Detroit, and pondered his position in life. He’d already made partner in his early 30s. Things were going well. But something was missing. He didn’t feel passionate about coming to work every day. “I called up my wife and said I felt I needed to move on to something else,” Jahnke recalls.

JPMorgan Chase Commits $5M to Detroit Neighborhoods Fund

JPMorgan Chase and Co. today announced a $5 million investment toward the establishment of the Strategic Neighborhood Fund, which will aim to drive economic growth in Detroit’s neighborhoods.

Ann Arbor’s Genomenon Prepares to Launch First Product, Appoints CEO

Genomenon, an Ann Arbor-based software company started at the University of Michigan in 2014, will launch its first product, a gene variant knowledge base called Mastermind, this December.

ESG Automotive in Troy Expands Testing Labs, Will Add Engineers

In an effort to increase the amount of onsite projects at its facility, ESG automotive Inc., an engineering consulting company for automobile manufacturers and suppliers, has doubled the size of its Troy offices.
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More »From the Magazine

Easy as Pie

From a single startup to a Michigan staple, Grand Traverse Pie Co. plans more growth across the state.

Smart Grid

DTE Energy brings energy management to the internet of things

Space Race

After a lengthy career working for others, property manager Lynette Boyle strikes out on her own.

PDA Q&A: Maureen Monte, E-Interview

Principal, Maureen Monte Consulting, Berkley

Brain Gain

Starting from Scratch

How a new restaurant and nightclub in downtown Royal Oak exceeded its budget, overcame unforeseen municipal requests, and still opened in just 10 months.

Financial Reservations

The Westin Book Cadillac Detroit hotel downtown has been outperforming most of its national peers, but behind the scenes, the city and pension funds used for its redevelopment nearly 10 years ago may now take a huge loss.

Have Office, Will Travel

Case Study

Huron Capital Partners, a private equity firm in Detroit, has developed an acquisition platform that drives operational efficiencies through an in-house buy and build strategy.

Speaking Up

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

Obama Pushes False GM Success Story

Source: Investors Business Daily

The Death and Life of Detroit

Source: The American Prospect

Women in a Man’s World

Source: The Wall Street Journal

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