Lakeside Software Opens New R&D Facility in Ann Arbor

Lakeside Software, a leader in business intelligence solutions for IT professionals, today announced the acquisition and opening of a new R&D facility in Ann Arbor, Michigan. This facility will be primarily utilized for product design and development, and will accelerate company growth by making it easier to hire top technical talent from the Ann Arbor metropolitan area. The new facility is fully operational and is located at 112 South Main Street... [Read More...]

Kauffman Study Shows Impact of Business Accelerator Efforts on SE Michigan Start-Ups

A new Kauffman Foundation study shows the results of business accelerator efforts by Southeast Michigan’s economic development organizations.  Combined, Ann Arbor SPARK, Automation Alley, Macomb-OU INCubator and TechTown , collectively known as the Business Accelerator Network for Southeast Michigan, have: Created more than 1,000 jobs Invested approximately $18 million in hundreds of start-up companies Secured more than $101.2 million in... [Read More...]

TIME On Accelerating Detroit

There are exciting things happening in Southeast Michigan. TIME blogged about the New Economy Initiative for Southeast Michigan (NEI) and some of the advances that are taking place. Read more about the acceleration of Detroit on TIME’s recent post.  Read More →

New Economy Initiative Awards $3 Million to Business Accelerator Network for Southeast Michigan

This picture is from the press conference announcing the new Business Accelorator Network for Southeast Michigan The announcement of the new Business Accelerator Network for Southeast Michigan, a region-wide collaborative effort dedicated to attracting and retaining business in southeast Michigan, took place on Monday, June 21st.  The  New Economy Initiative for Southeast Michigan, an innovative philanthropic effort to accelerate the transition... [Read More...]

Michigan Pre-Seed Capital fund recipient Limo-Reid pays back $750,000, plus interest, to 3 investors

As reported by Tom Henderson, Crain’s Detroit Business September 30, 2009 Ann Arbor Spark, as well as two other community-development organizations, have been repaid with interest for early support of a Deerfield-based company that hopes to revolutionize transmission systems for trucks and military vehicles.Limo-Reid Inc. has paid back $250,000, plus interest, that Spark loaned to the company as part of the Michigan Pre-Seed Capital Fund... [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...]