Daily News - Archive

Edit ModuleShow Tags

Startup Week Returning to Detroit, Josh Luber of StockX a Keynote Speaker

Techstars Startup Week Detroit, a free weeklong celebration of the Detroit entrepreneurial community, is slated to come to Detroit June 18-22. Marcus Lemonis, who is a serial entrepreneur and is on CNBC’s “The Profit,” is the keynote headliner.

DMC to Occupy New $65M Sports Medicine Center and Office Center in The District Detroit

The Detroit Medical Center and Olympia Development of Michigan today announced a long-term agreement to build a state-of-the-art facility along Woodward Avenue, immediately north of Little Caesars Arena, in The District Detroit.

Cadillac To Expand Super Cruise Across Entire Lineup, Other Brands

Cadillac, a brand of Detroit-based General Motors Co., plans to expand the rollout of Super Cruise, the world’s first hands-free driver assistance feature for the freeway. Super Cruise will be available on all Cadillac models, with the rollout beginning in 2020.

Troy’s Cantoro Italian Trattoria Restaurant Opens in Former Tre Monti Space along Big Beaver

Cantoro Italian Trattoria in Troy, the second restaurant for Cantoro Italian Market and Trattoria, has opened for dinner, owners John and Michael Fallone announced Tuesday. Lunch services are expected to begin later this summer.

Novi’s Lineage Logistics Acquires Wisconsin Cold Storage Provider, Four Leased Cold Storage Warehouses

Lineage Logistics in Novi, a provider of temperature-controlled supply chain solutions, Tuesday announced it has acquired Wisconsin’s Service Cold Storage (SCS), a cold storage provider, as well as a portfolio of four leased cold storage warehouses in markets across four states. Terms of the transactions were not disclosed.

PlanetM Launches $1M Grant Program to Support Mobility Startups

PlanetM, Michigan’s mobility-focused brand and business development program, Tuesday announced it has launched a grant program of more than $1 million to support mobility startups. The two-part program includes a PlanetM Pilot Grant and a PlanetM Testing Grant. Both were unveiled during the 2018 ITS America Annual Meeting that was held in Detroit.

Michigan Department of Transportation Tests Vehicle to Infrastructure Technology on SMART Bus

The Michigan Department of Transportation today announced that vehicle to infrastructure technology is being tested on a section of M-97, or Groesbeck Highway, in Macomb County. Six intersections of M-97 have been equipped with dedicated short-range communications (DSRC) devices that transmit information from the signal to inside a bus via an onboard unit to inform the driver of signal timing changes and potential red-light violations.

Troy’s Flagstar Bank to Acquire 52 Branches and $2.3B in Deposits from Wells Fargo Bank

Flagstar Bancorp Inc., which has its headquarters in Troy, today announced that Flagstar Bank has signed an agreement to acquire 52 Wells Fargo Bank branches in Indiana, Michigan, Wisconsin, and Ohio. The deal will include $2.3 billion in deposits and $130 million in loans, along with related assets.

Road Commission for Oakland County Selects Toronto-based P3 Mobility for Vehicle Infrastructure Project

Oakland County and the Road Commission for Oakland County (RCOC) have selected Toronto-based P3 Mobility (P3M) through an open bid to launch a pilot program to test connected vehicle infrastructure and determine whether an innovative business model to monetize that infrastructure is viable.

Canada’s Miovision Unveils World’s Smartest Intersection in Detroit

Miovision, a smart intersection technology company based in Canada, today unveiled what it calls the World’s Smartest Intersection in downtown Detroit. The intersection is a system of sensors, video-based detection, connected traffic signals, and remote monitoring capabilities composed of five intersections along Larned Street.

Ann Arbor’s U-M Launches Driverless Shuttle on North Campus

The Mcity Driverless Shuttle, a research project at Ann Arbor’s University of Michigan, launched today on the north campus. Mcity, which operates a 32-acre connected and automated vehicle test facility nearby, is studying how passengers react to the driverless shuttles to gauge consumer acceptance of the technology. The shuttles are equipped with onboard cameras and Wi-Fi communications to capture data generated during operation.

Michigan Department of Transportation Partners With Washington Company for Traffic and Mobility Analytics

The Michigan Department of Transportation has selected INRIX for real-time traffic and mobility intelligence as part of a three-year agreement, INRIX announced Monday. INRIX is a Washington-based company specializing in connected car services and transportation analytics.

National Women’s Business Conference to be Held at Cobo Center in Detroit for the First Time

The 2018 Women’s Business Enterprise National Council National Conference and Business Fair will be held June 19-21 at Detroit’s Cobo Center. This is the first time the event, which is in its 19th year, will be held in Detroit. About 6,000 attendees are expected.

Southfield’s Accenture to Relocate to Detroit, Add 200 Tech Jobs, Launch Innovation Hub in Livonia

Accenture today announced it would relocate its office to downtown Detroit from Southfield this fall, and that is launched an innovation hub in Livonia designed to help companies in the automotive, industrial equipment, technology, energy, and utilities industries address the shift to digital products and services, transform their engineering, manufacturing, and field operations, and digitize their enterprises. The company will also add 200 technology jobs to the local market by the end of 2020.

Champion Enterprises Holdings in Troy Combines Operations With Skyline Corp. in Indiana

Troy’s Champion Enterprises Holdings, the parent company of Champion Home Builders Inc., today announced it has combined its operations with Indiana’s Skyline Corp. The factory-built housing company will be called Skyline Champion Corp.

Detroit’s Workforce Intelligence Network and Ralph C. Wilson Foundation Announce Apprenticeship Opportunities

The Detroit-based Workforce Intelligence Network for Southeast Michigan (WIN) today announced Detroit’s Ralph C. Wilson Foundation will provide $1.5 million in funding to cover training costs for the first 100 apprentices accepted into the Apprenti program over the next three years.

Universal Forest Products Inc. in Grand Rapids Acquires Georgia Packaging Products Company

Grand Rapids’ Universal Forest Products Inc. today announced one of its subsidiaries has closed on the acquisition of the operating assets of Georgia’s North American Container Corp. (NACC), a manufacturer of structural packaging products. The acquisition adds steel, corrugated, and hardwood packaging to Universal’s portfolio of industrial products. Terms of the deal were not disclosed.

U-D Mercy Law School to Offer Intellectual Property Certificate for Working Professionals

The University of Detroit Mercy School of Law today announced it will offer a new online certificate program called Certificate in Law – Intellectual Property. It was developed to address the increasing demand to safeguard intellectual property assets such as inventions, marks, technological innovations, and artistic works.

Report: Business Investment in R&D Lagging

A report released today by the Information Technology and Innovation Foundation (ITIF), a Washington, D.C.-based think tank for science and technology policy, has found the rate of growth for business R&D investment as a share of GDP has been lagging. In order for the United States’ innovation economy to remain strong, the report recommends the country enact more robust policies to support business and federal R&D.

FCA Will Bolster Jeep and Ram Brands With Nine New Products, Launches Financial Services Arm

On Friday, Fiat Chrysler Automobiles’ CEO Sergio Marchionne put to rest rumors that the company was phasing out the Chrysler brand.

Novi’s DexKo Global Acquires G&S Chassis, Expands its Australian Operations

DexKo Global Inc., a Novi-based trailer running gear, chassis assemblies, and related components company, today announced it has expanded its Australian operations with the acquisition of G&S Chassis, and Hume Caravan and Camping Accessories.

Troy’s Protean Electric Secures $40 Million In New Equity Financing

Protean Electric, which has its North American headquarters in Troy, announced the completion of a $40 million equity investment today as the initial closing of its Series E funding round. Protean is an automotive technology company and the world’s leader of in-wheel electric drive systems.

Airbnb Sets Record in Detroit for Overnight Visitors Due to 2018 Movement Music Festival

Airbnb, an online hospitality company, today reported it set a record for the number of guests that used its digital lodging platform in Detroit, citing the Movement Music Festival held at Hart Plaza over the Memorial Day weekend as the largest contributor to reaching the benchmark.

Korean Street Food Restaurant to Open in Downtown Royal Oak

Gogi Seoul Kitchen, a restaurant serving Korean-inspired street food and traditional Asian beverages, is slated to open in Royal Oak on Tuesday, Jon Carlson, managing partner of the restaurant announced today.

Drybar Blow Dry Salon to Open Location in Downtown Birmingham

Blowout salon and blow dry bar Drybar is slated to open its first Michigan location on Friday, June 15 in Birmingham.

Japan’s SoftBank Vision Fund Invests $2.3B in Detroit’s GM Cruise Holdings

General Motors in Detroit today announced Japan’s SoftBank Vision Fund will invest $2.3 billion in GM Cruise Holdings LLC, GM’s self-driving branch. The automaker says the investment will strengthen its plans to commercialize autonomous vehicle technology on a large scale.

Auburn Hills-based FCA US Expands Partnership With Waymo

Auburn Hills-based FCA US LLC and Waymo today announced they will expand their partnership with an agreement to add up to 62,000 Chrysler Pacifica Hybrid minivans to Waymo's self-driving fleet. The venture builds upon a previous commitment, announced in January, to deliver thousands of vehicles to Waymo's driverless transportation service. Vehicle delivery is expected to begin in late 2018.

Detroit Mobility Lab Creates Talent Portal Called Michigan Mobility Institute

The Detroit Mobility Lab, a new entity dedicated to making Detroit one of the world’s foremost future mobility ecosystems, today announced an initiative to create the Michigan Mobility Institute (MMI), which will focus on educating a new mobility talent infrastructure of professionals within artificial intelligence, robotics, cybersecurity, and other fields.

Michigan Identifies $50M for Soo Locks Upgrade, Waits for Federal Funding

Michigan Governor Rick Snyder Wednesday announced the state has identified about $50 million in infrastructure funding to commit to an upgrade of the Soo Locks in Sault Ste. Marie. The state has also set aside more than $330 million for road improvements for the upcoming budget year.

BlueWillow Biologics in Ann Arbor Patents Cancer Vaccine

Ann Arbor’s BlueWillow Biologics Wednesday announced the issuance of a U.S. patent on its vaccine titled, “Cancer Vaccine Compositions And Methods Of Using The Same" to the University of Michigan in Ann Arbor, under an exclusive license to BlueWillow.

Campaign to Retain, Attract STEAM Talent to Michigan Unveiled

Gov. Rick Snyder today unveiled a new talent attraction campaign, Choose Michigan. The campaign, announced at the Mackinac Policy Conference hosted by the Detroit Regional Chamber, seeks to retain and attract current and future STEAM talent.

Meridian Health Plan in Detroit Acquired by Florida’s WellCare for $2.5B

WellCare Health Plans Inc. in Tampa today announced it has entered into a definitive agreement to acquire Meridian Health Plan of Michigan Inc., Meridian Health Plan of Illinois Inc., and Meridian Rx, a pharmacy benefit manager, for $2.5 billion in cash. The transaction is expected to close by the end of 2018.

Gov. Rick Snyder, State Announce $8M Michigan Mobility Challenge

Michigan Governor Rick Snyder today announced the Michigan Mobility Challenge, an $8-million grant initiative to address core mobility gaps for seniors, those with disabilities, and veterans.

The Michigan Science Center and the Ford Motor Co. Fund Debut World Science Festival in Detroit

Programming from New York’s World Science Festival will debut at the Michigan Science Center in Detroit on June 2 and 3. The World Science Festival, which is in its 11th year, takes science out of labs and into public spaces such as streets, parks, museums, and galleries.

Southfield’s Beaumont Health Invents New Mode of Proton Therapy for Lung Cancer

Beaumont Health in Southfield Tuesday announced it has invented a new mode of proton treatment for lung cancer.

Detroit Historical Society Names Elana Sullivan New Executive Director and CEO

The Detroit Historical Society Tuesday announced Elana Sullivan has been named executive director and CEO after an extensive search. She will replace longtime CEO Bob Bury, who is retiring to pursue new opportunities.

Wayne State University in Detroit Launches Program to Regain Students Who Have Debt, but No Degree

Wayne State University in Detroit today launched its Warrior Way Back program, which will allow students who left the university to return and complete their degrees while earning university debt forgiveness.

Troy’s Kresge Foundation Provides $1.5M for 18 Detroit Community Projects

The Kresge Foundation in Troy today announced $1.5 million in grants for 18 new projects and planning efforts in Detroit’s neighborhoods. The grants are the first to be awarded as part of a $6 million, three-year relaunch of Kresge Innovative Projects: Detroit.

Novi’s DexKo Global Acquires Minority Shareholding in Air Suspension Company in the Netherlands

DexKo Global Inc., a Novi-based manufacturer of chassis technology, assemblies, and accessory parts, has acquired a minority shareholding in VB-Airsuspension B.V., which is based in Varsseveld, Netherlands. Details of the transaction were not disclosed.

Southfield Firm Brokers Deal Between SoundCom Corp. and Ametek Inc.

Ametek, a supplier of electronic equipment in Pennsylvania, has acquired SoundCom Corp., based in Cleveland. P&M Corporate Finance LLC (PMCF) in Southfield made the announcement and served as the exclusive financial adviser for the deal.

Charlotte’s Spartan Motors Awarded Four-year Contract with the National Joint Powers Alliance

Spartan Emergency Response, a business unit of Charlotte, Mich.’s Spartan Motors Inc., today announced it has been awarded a four-year contract with the National Joint Powers Alliance (NJPA), a municipal contracting agency.

Downtown Detroit Partnership Perceptions Survey Shows Positive Impressions of CBD

The Downtown Detroit Partnership (DDP) and the Downtown Business Improvement Zone (BIZ) today released the results of its 2018 Perceptions Survey, which showed that overall impressions of the central business district are positive.

Block Auction House Opens in Ferndale, Will Host Community Events

Block Auction House, an affiliate of Aaron’s Estate Sales in Birmingham, Friday announced it has completed its move into a new auction house in Ferndale.

Tata Technologies Moves North American Headquarters to Detroit

Tata Technologies, a Tata Group company and a global engineering consulting organization, today announced it is relocating its North American headquarters to Detroit from Novi in early 2019.

Michigan’s Craft Beer Industry Grows to More Than 250 Breweries, Drives $2B in Economic Activity

The Michigan Association of CPAs (MICPA) in Troy, in a new report, announced that Michigan is the fourth largest state in the country for the number of breweries per capita, with more than 250 craft breweries that add more than $2 billion in total economic contribution to the state. Of this, $600 million are in direct wages.

General Motors Co. in Detroit Opens Race Display in Renaissance Center

Detroit’s General Motors Co. today announced it has opened a display of a dozen modern and vintage racing vehicles and pace cars from across the motorsports spectrum in GM World, a new display area at its world headquarters at the Renaissance Center.

Ann Arbor’s Strata Oncology Secures $26M in Series B Funding

Strata Oncology, a precision oncology platform company based in Ann Arbor, has announced the close of a $26 million Series B funding round.

Standard & Poors Raises Beaumont Health’s Long-term Credit Rating to A+

Beaumont Heath in Southfield today announced its long-term credit rating has been raised to A+ from A with a stable outlook by Standard & Poors (S&P).

Quicken Loans Partners with Grand Circus and CSforALL to Offer Coding Training to Detroit Students

Quicken Loans Inc. in Detroit Thursday announced a partnership with Detroit’s Grand Circus and CSforALL in a step toward ensuring 15,000 Detroit students receive computer science training over the next five years.

Report: Wage Increases Lower Than Expected, According to Livonia’s American Society of Employers

The American Society of Employers (ASE), a Livonia-based employer association that has served Michigan employers for 115 years, Wednesday released its 2018 Compensation Survey results. While expected wage increases have not come through, the human resources, medical, and engineering fields saw the highest increases.

Report: Federal Tax Reform Will Continue to Advance U.S., Michigan Economy, Upcoming Elections Cause Uncertainty for State

Business Leaders for Michigan Wednesday released its second quarter 2018 economic forecast, which predicts tax reform will continue to advance the Michigan and United States economies.

Auburn Hills’ Faurecia Invests in Traverse City Automotive Heating and Cooling Startup for Cockpit of the Future

Faurecia, an automotive technology company in Auburn Hills, Wednesday announced it has invested in Promethient, a Traverse City-based startup that designs and produces a climate control technology that is adaptable for multiple vehicle thermal use cases.

Clinton Township-based PPD to Combine Headquarters and Engineering Facilities, Move to Shelby Township

Polymer Process Development (PPD), a company that specializes in encapsulating glass for automotive industries and other areas, will move its headquarters and engineering/warehousing facilities into 75,000 square feet of leased space in Shelby Township.

GM Extends its Military Discount to Three Years After Discharge

General Motors has announced that all four of its brands — Chevrolet, Buick, GMC, and Cadillac — have extended their military discount for all military personnel to up to three years after discharge.

5Qs: Syd Ross on The Garden Party’s 10th Anniversary

Over the last 10 years, the Garden Party Foundation, which will host its annual Garden Party fundraiser event on June 10 at Meadow Brook Hall in Rochester Hills, has raised around $1 million for student educational programs among the professional trades as well as several charities. Syd Ross, founder of the Garden Party Foundation and president of Great Lakes Wine & Spirits in Highland Park, spoke with DBusiness Daily News on the 10th anniversary milestone.

Bosch in Farmington Hills Uses Redundant Driving Solutions, Connectivity to Pave Way to Automated Driving

Bosch, which has its North American headquarters in Farmington Hills, is paving its way to automated driving through its redundant driving solutions (technology that keeps a car functioning safely in case of human failure) and connectivity.

Report: Clean Mobility Contributes $18.8B to State Economy Annually

The clean mobility sector in Michigan contributes $18.8 billion to the state’s economy and generates more than $700 million in state and local tax revenue annually, according to a new economic analysis released today by Clean Fuels Michigan, a Lansing-based group of local companies and organizations focused on clean transportation.

Detroit’s Chevrolet Racing Partners With The Weather Co. to Boost Track Performance

Chevrolet in Detroit’s Chevrolet Racing today announced it is working with The Weather Co., an IBM business headquartered in Atlanta, to add advanced weather technology to the toolbox provided to Chevrolet race teams so they can understand how they perform under specific weather conditions.

Ann Arbor’s Kraig Biocraft Laboratories Inc. Uncovers Breakthrough in Spider Silk DNA Construction

Kraig Biocraft Laboratories Inc. in Ann Arbor Tuesday announced it has achieved a major breakthrough in the construction of DNA encoding for spider silk proteins. The company believes the discovery will reduce the customization timeframe for new spider silk technologies by several months.

Farmington Hills’ Kyyba Innovations Invests in Detroit Vehicle Subscription Company Carma Car

Kyyba Innovations in Farmington Hills, a company that makes investments in startups, Tuesday announced it has invested in Carma Car, a vehicle subscriptions company in Detroit.

New York’s Better Mortgage Now Available to Michigan Residents

Better Mortgage, a digital mortgage company based in New York, Tuesday announced it is expanding services to homebuyers in Michigan. The company now operates in 16 states.

Prince Concepts Details Plans for Major Mixed-use Development on Detroit’s West Side

Prince Concepts, which owns the popular restaurant TAKOI and built the True North mixed-use project, both in Detroit, today released details about a new 50,000-square-foot development now underway at several neighboring sites bounded south of Grand River and Warren avenues, which is about two miles northwest of downtown Detroit.

Michigan Strategic Fund Approves Tax Incentives for Bedrock’s Major Developments in Downtown Detroit

The Michigan Strategic Fund (MSF) today approved Bedrock’s use of the MIthrive financial tool, which clears the final hurdle for the company to lock in $2.2 billion in new investment in downtown Detroit among four different projects, including a major redevelopment of the Hudson’s site.

Report: Boat Sales at a 10-year High, Michigan Sales Third Highest in Nation

Data released today by the National Marine Manufacturers Association (NMMA) in Chicago show total marine expenditures were at an all-time high in 2017 at $39 billion, up 7 percent from 2016. The number includes spending on new boats, engines, trailers, accessories, and services.

Advanced Manufacturing Employment in Michigan Reaches New Heights

Advanced manufacturing employment in Michigan has reached more than 700,000 workers, according to a new report from Detroit-based Lightweight Innovations for Tomorrow (LIFT). The employment level is the highest in the industry since 2006.

Housing Permits in April at Their Highest Level Since 2006, Fueled by Low Inventory of Existing Homes

Housing permits in April were at the highest level they had been since April 2006, according to a report released today by the Home Builders Association of Southeastern Michigan in Farmington Hills.

Priority Health in Grand Rapids Announces New Agreement with Cigna Payer Solutions in Connecticut

Grand Rapids’ Priority Health today announced a new agreement with Connecticut-based Cigna Payer Solutions. The agreement with Cigna will enable Priority Health members who travel out of state to access Cigna’s PPO network of nearly 1 million health care providers nationwide for services outside of Michigan.

Small Business Group Says Minimum Wage Increase Will Cost the State 183,000 Jobs, Reduce Real Output by $76B

The Lansing branch of the National Federation of Independent Business (NFIB) has concerns a ballot proposal to increase Michigan’s minimum wage would cost the state 183,000 jobs if it became law, the group announced today.

Detroit’s Wayne State University Helps Develop Design Technique for Microsensors With Extremely Small Footprints

Researchers at Detroit’s Wayne State University have developed a new technique for designing microsensors that allow for significantly enhanced sensitivity and a very small footprint. The findings were published last week in Nature Electronics.

Roush CleanTech in Livonia Extends Alternative-fueled School Bus Partnership

Livonia’s Roush CleanTech, an alternative fuel vehicle technology company, has extended its alternative-fueled school bus partnership with Georgia’s Blue Bird Corp., an independent designer and manufacturer of school buses, through 2025.

Veterinary Ophthalmologist at East Lansing’s MSU to Research Whether Gene Therapy for Dogs Can Prevent Human Blindness

A veterinary ophthalmologist at East Lansing’s Michigan State University has received a five-year, $8.2-million grant to research whether a gene therapy that prevents blindness in dogs can be applied to humans, the school reported Friday.

Ann Arbor’s Duo Security Partners with Virginia’s OPAQ Networks to Create a Security-as-a-service Platform

Duo Security in Ann Arbor, a company that helps defend organizations against cyber breaches through its cloud-based product, has partnered with Virginia’s OPAQ Networks, a security cloud company, to integrate Duo with the OPAQ security-as-a-system platform. OPAQ managed security services partners can now offer Duo’s Trusted Access platform to protect its customers’ systems and data from unauthorized access.

Blog: More Companies Should use Rotational Programs to Attract Talent, Provide Opportunity

College seniors across the country have graduated from their respective schools and have become the newest wave of prospects eager to join the workforce. A good number of graduates likely have jobs lined up already, while even more will still be on the hunt to get their foot in the door of specific companies. Companies have to do more in light of the intense competition for talented workers and college graduates — and rotational programs are a great option.

Continental in Auburn Hills Increases Investment in Silicon Valley Company

Auburn Hills technology company and automotive supplier Continental Thursday announced it is increasing its investment in DigiLens Inc., a company in Silicon Valley specializing in holographic waveguide projection technology. Continental will hold close to 18 percent of DigiLens after its Series C financing round.

Unison, a Data Analytics Firm in Birmingham, Acquires Brand Machine in Troy

Birmingham’s Unison, a data analytics company, today announced it has acquired Troy’s Brand Machine, a brand solution company. The deal closed on May 15. Details of the transaction were not disclosed.

Report: Home Sales Down Year-over-year in Metro Detroit, Sales Prices Rise

Metro Detroit home sales are down 6.6 percent year-over-year while the median sales price is up 6.1 percent, according to RE/MAX of Southeastern Michigan’s April report, released Thursday.

Exponential ETFs in Ann Arbor Attracts More Than $50M to its Flagship Fund

Ann Arbor’s Exponential ETFs, an exchange-traded fund issuer, Thursday announced its flagship fund, the American Customer Satisfaction ETF (ACSI ETF), has attracted more than $50 million in new assets.

Ann Arbor’s NSF International Named Program Manager for Agriculture Certification Program

Ann Arbor’s NSF International, a global public health and safety organization, has been named the program manager for the Regenerative Organic Certified (ROC) program, a holistic agriculture certification focused on pasture-based animal welfare, fairness for farmers and workers, and requirements for soil health and land management.

5Q: Patrick Rugiero on the Spark of Hope Tribute Gala Fundraiser

Patrick Rugiero, executive director of the Roman Village Restaurant Group, which includes Roman Village Cucina Italiana in Dearborn and Antonio’s Cucina Italiana locations in Dearborn Heights, Canton Township, and Farmington Hills, is chairman of the Life Directions 45th Annual Spark of Hope Tribute Gala fundraiser.

Ford Restarts F-150 Production At Dearborn Plant, Partners With Navigation App Waze

Ford Motor Co. in Dearborn today announced it was resuming F-150 production earlier than expected after a shutdown caused by a fire at a key supplier plant, and that it was partnering with the popular navigation app, Waze.

Report: Detroit and Grand Rapids Regions Record High Year-over-year Home Sales Growth

Detroit and Grand Rapids are among the top regions in the United States with the highest year-over-year growth in home sales in April, up 18.3 percent in Grand Rapids and 15.5 percent in Detroit, according to a new report by Redfin, a real estate brokerage based in Seattle.

Renaissance Venture Capital Fund in Ann Arbor Closes $81M Fund III

Renaissance Venture Capital Fund in Ann Arbor announced it has closed its third fund with $81 million of new capital. The fund has raised $205 million since it opened in 2008, making it the largest network fund of its kind in the United States.

New Business and Citizen Coalition in Royal Oak Opposes City Center Development

A group of business leaders, property owners, government officials, and citizens in Royal Oak has formed the Take Back Royal Oak (TBRO) coalition of taxpayers in response to a development rift with the city.

Silicon Valley’s SiTime Expands to Michigan, Opens Center in Dexter to Target Autonomous Vehicles

SiTime in Silicon Valley (Santa Clara), a company in MEMS timing — devices that are used to sequence electronic systems, manage data transfers, define radio frequencies, or measure elapsed time — today announced it has expanded its global footprint with the opening of a new Center of Excellence in Dexter.

The Materialise Experience Brings the Latest Innovations in 3-D Printing to Detroit

Materialise NV, a company offering 3-D printing software and service solutions, will host The Materialise Experience: Transforming 3-D Printing June 7-8 at Cobo Center in Detroit. On June 6, attendees are invited to tour Materialise’s North American headquarters in Plymouth Township where they can take part in a hands-on training program on Materialise software.

Detroit’s Henry Ford Hospital Recognized for Pulmonary Fibrosis Expertise

Henry Ford Hospital in Detroit has received a national designation recognizing its expertise in diagnosing and treating patients with pulmonary fibrosis.

Southfield’s Denso Releases Driver Status Monitor for Commercial Vehicles

Japan’s Denso, which has its North American headquarters in Southfield, today announced it is debuting a driver status monitor, a device designed to reduce the number of traffic accidents involving commercial vehicles.

Plex Systems in Troy Releases App for Shop Floor and Administrative Responsibilities

Plex Systems in Troy, a company offering cloud enterprise resource planning (ERP) and manufacturing execution system (MES) for manufacturers, today announced the release of Plex Mobile, an app that works as an extension of the Plex Manufacturing Cloud to handle shop floor and administrative responsibilities, as well as access and share information in real-time from mobile devices.

Detroit’s Frederick K. Stearns Mansion Listed for Sale at $1.2M

The historic Frederick K. Stearns Mansion located at 8109 E. Jefferson Ave. (on the corner of Parker Street and Jefferson Avenue) in Detroit’s West Village neighborhood has been listed for sale at $1.2 million.

Kalamazoo’s Western Michigan University to Build $45M Student Housing Project, Add Student Center

Western Michigan University in Kalamazoo today announced it has selected Stantec Architecture in Berkley to design a new student housing development in the South Neighborhood of campus. The project is slated to cost $45 million and be open by August 2020.

Crunch Franchise Fitness Chain Opens in Dearborn, New Location Coming to Farmington Hills

Crunch, a franchise that offers group fitness training programs, today announced it has opened a 30,000-square-foot gym in Dearborn at 5601 Mercury Drive (near Ford Road) in a former Borders Books and Music space. The company plans to open a location in Farmington Hills in the coming weeks (24900 Haggerty Road).

Chicago-based Audit, Tax, and Consulting Firm RSM US LLP Opens Detroit Office

RSM US LLP, a Chicago-based provider of audit, tax, and consulting services, Friday announced the addition of a Detroit office on the eighth floor of Chrysler House Detroit. The company will host an opening event at 10 a.m. on Wednesday, May 16 at the Chrysler House, located at 719 Griswold Street, Suite 820, in Detroit.

Michigan State University Receives $1.6M from Bill and Melinda Gates Foundation for Global Water Pathogens Research

The Global Water Pathogens Project (GWPP), a joint effort through Michigan State University in East Lansing and the International Hydrological Programme of UNESCO, today announced it has received a three-year, $1.6 million grant from the Bill and Melinda Gates Foundation.

Eyeglass Retailor Warby Parker to Open in Troy’s Somerset Collection

Eyeglass retailer Warby Parker is slated to open its second Michigan store on Saturday, May 19, located at Level 1 of Somerset North at the Somerset Collection in Troy. The company’s first Michigan location opened at 1449 Woodward Ave. in downtown Detroit in 2016.

InfuSystem Holdings Inc. in Madison Heights Introduces Patient Safety App

Madison Heights’ InfuSystem Holdings Inc., a provider of infusion pumps and related services for the health care industry, today introduced the launch of InfuSystem Mobile, an infusion patient safety app to connect patients to safety products, infusion expertise, and a team of registered nurses available for secure, two-way communication around the clock.

Virginia’s TransForce Inc. Acquires Bloomfield Hills’ SafetyServe

TransForce Inc. in Virginia, a workforce solutions provider to the transportation industry, Monday announced it has acquired SafetyServe, a Bloomfield Hills-based software company and a provider of online safety training courses to government agencies, insurance companies, and other organizations.

BravoBravo! Fundraiser Returns to Detroit Opera House

BravoBravo!, a black-tie gala fundraiser for capital improvements at the Detroit Opera House, will return after a two-year hiatus on June 1 with a theatrical theme that celebrates storytelling. The event will include three floors of music, dancing, cuisine, and refreshments from popular bars, restaurants, and musicians.

Troy’s Kresge Foundation, New Jersey’s Prudential Financial, and the Ballmer Family Invest in the Largest U.S. Pay-For-Success Fund to Date

New Jersey-based Prudential Financial Inc., Steve and Connie Ballmer, and The Kresge Foundation in Troy today announced $40 million in investment commitments to The Community Outcomes Fund, a fund to scale pay-for-success investments in the United States.

Expanded Cauley Ferrari Dealership Opens Today in West Bloomfield Township

Cauley Ferrari in West Bloomfield Township opens its doors today on a redesigned and expanded dealership, a three-year project that saw the sales center move next door for the construction of a second floor as well as added space at a dealership that first opened in 1998.

Public- and Private-Sector Leaders Look for Mobility Solutions in Detroit

Representatives from the City of Detroit, the state of Michigan, and the business and nonprofit sectors are working to better understand and mitigate the mobility challenges Detroit residents have through a partnership called the Detroit Mobility Innovation Initiative.
Edit Module
Edit Module
Edit Module
Edit Module Edit ModuleShow Tags Edit ModuleShow Tags

Most Popular

  1. GM, Leading Charge Providers to Create America’s Largest EV Charging Network
    The lack of a robust charging infrastructure is one of the major hurdles hampering widespread...
  2. Dearborn’s Ford Motor Co. to Host Winter Festival at Michigan Central Station
    Ford Motor Co. in Dearborn will host a 10-day Winter Festival in front of its recently purchased...
  3. Downtown Detroit Partnership Names President, Chief Marketing Officer
    Downtown Detroit Partnership today announced John Walsh as president, effective immediately. Eric...
  4. San Francisco Investment Firm Acquires Warren’s Lipari Foods
    San Francisco investment firm H.I.G. Capital has acquired Warren’s Lipari Foods from...
  5. Warner Norcross Names Four New Partners in Southfield and Macomb County Offices
    Warner Norcross and Judd today announced it has named two partners to its Southfield office and...
  6. Intrepid Control Systems in Madison Heights Introduces All-in-one Data Logger for Autonomous Vehicles
    Intrepid Control Systems Inc. in Madison Heights Friday introduced its Autonomous ONE...
Edit Module