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Grace Turner

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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.

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.

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.

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.

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.

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.

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.

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.

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.

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