Lakeside Software to Expand with New Ann Arbor Facility

Lakeside Software will grow its software development operations in Michigan, with a new location in Ann Arbor and an expansion to its existing operations in Bloomfield Hills.  The company recently received a Michigan Economic Growth Authority (MEGA) tax credit totaling $731,244 to help encourage the expansion. Lakeside Software plans to invest $6.1 million to expand existing operations in Bloomfield Hills, as well as locate operations in Ann... [Read More...]

Congratulations to e-CYREN for Winning the Tweet Award!

At the Michigan Emerging conference on Wednesday, CYJ Enterprises won the Accelerate Michigan Innovation Competition Tweet Award.  The company’s Twitter submission focused on their business product, e-CYREN, a free online database of emergency information for schools and daycare programs. Their posting, “In case of emergency first responders can quickly alert loved ones and have access to your vital medical info 24×7 www.ecyren.com,”... [Read More...]

Zingerman’s Delicatessen and New Eagle Announce Expansions in Ann Arbor Area

Zingerman’s Delicatessen was awarded tax credits and New Eagle LLC announced a Technology Collaboration credit with Powertrain Integration, LLC.  The companies will use the funding to help them expand in the region. Zingerman’s Brownfield Michigan Business Tax credit award is valued at $1.1 million and Madison Heights-based Powertrain Integration, LLC’s Technology Collaboration Credit is valued at $300,000 based on a $2 million investment... [Read More...]

Two Ann Arbor Companies Receive MEGA Tax Credits

NanoBio Corporation and Grand River Inc. received high-tech, five year MEGA tax credits on June 15th.  Both companies were approved by the Michigan Economic Development Corporation and the State of Michigan.  NanoBio is a privately-held biopharmaceutical company focused on developing and commercializing products for the prevention and treatment of infectious diseases.  They are committing to investing more than $1.4 million to expand its current... [Read More...]

3 Michigan Companies Receive Michigan Microloan

Ann Arbor SPARK is excited to announce that Inventure Enterprises, LED Optical Solutions and RiserCam have all received funding that will support the commercialization of their core products.  Funding came from the Michigan Microloan Fund Program which has invested in total $1.1 million and collectively contributed $121,000 to these three new Michigan companies. Inventure Enterprises is based in East Lansing and is a global provider of management... [Read More...]

MI Pre-seed Capital Fund changes announced

The state of Michigan, through the 21st Century Jobs Fund, has re-capitalized the Michigan Pre-seed Capital Fund.  The award of $6.8 million was approved by the SEIC board in March.   There are two significant changes affecting distribution of this new money.  One is the match for an investment is lowered to one-half to one.  In other words to ask for a $200,000 investment from the fund a company only needs $100,000 of matching investment from... [Read More...]