Month: October 2012

Incentives by MEDC will help create jobs

Grants, tax breaks may add hundreds of positions as firms expand, relocate  in Mich. The Michigan Economic Development Corporation Tuesday approved incentives that would create  up to 226 jobs in Metro Detroit and another 160 statewide. The state approved a $500,000 grant so Alternative Automotive Technologies  LLC would invest up to $5.7 million to  relocate… Read more »

Gov. Snyder touts launch of $12.8M Globe Building project

Gov. Rick Snyder announced Saturday the launch of the $12.8 million project  to transform the abandoned Globe Trading Co. Building near the east Detroit  riverfront into the Outdoor Adventure and Discovery Center. “I want everyone to remember what that looks like today,” said Snyder during  a press conference at Milliken State Park, gesturing across the… Read more »

Michigan Businesses Need a CFO and an Exit Strategy

Business exit strategies can take many forms. However, there are really only two primary objectives in any deal. One, the buyer wants to MINIMIZE the consideration paid relative to the after-tax cash flow of the purchased assets or operations, and two; the seller wants to MAXIMIZE the after-tax cash proceeds from the sale. Since both… Read more »

Michigan's household income rises, poverty rate drops

Michigan’s median household income rose by 2.4% in real terms in 2011 — at a time when incomes nationwide fell slightly. That growth, eighth best among states, contributes to what might be a halt in Michigan’s years-long slide into deeper poverty, according to preliminary numbers released today by the U.S. Census Bureau. Overall, poverty rates… Read more »