News in
Brief
On May
11, Midland Tomorrow and Michigan State University will host
Mid-Tech II: Taking Technology Innovations to Market.
This unique half-day collaboration opportunity will allow
local technology business leaders to discover, evaluate, and
discuss intellectual property invented by faculty and held by
Michigan State University.
Dow
Corning Corporation recently announced an expansion to
their Core Products Business. The expansion involves almost $2
million in local investment and will retain two jobs. Dow
Corning received a tax abatement from the City of Midland to
incent the expansion.
Caltech
Industries, Inc., plans an expansion into the Midland
Innovation Center. The expansion invests $96,089 into the
local community; it will retain 15 jobs and create five. To
help incent the expansion, the City of Midland granted a tax
abatement to Caltech.
Congratulations to BWP
Transport! Their new tank wash facility is up in
Eastwick Industrial Park and appears to be close to move-in
status.
On
December 8, 2005, the Bureau of Labor Statistics released a
report that found 65 percent of quarterly net employment
growth between September 1992 and March 2005 was created by
firms with fewer than 500 employees. The report also
points out that as of March 2005, firms with fewer than 500
employees accounted for 55.8 percent of private sector
employment.
Source: Association of Small Business
Development Centers
A Federal
Reserve report shows that production at U.S. factories,
mines and utilities grew at a faster pace last month and
manufacturers were the busiest in more than five years. The
0.6 percent increase in production followed a 0.5 percent gain
in February, the Fed said in Washington. The share of
industrial capacity in use rose to 81.3 percent, the highest
since September 2000, from 81 percent. The Commerce Department
reported that the U.S. trade gap narrowed in February. The
report shows imports outweighed exports by $65.7 billion, down
from the revised $68.6 billion level seen in January. Despite
the drop, it was still the third-highest gap on
record.
Source: Association of Small Business
Development Centers
Upcoming
technology-related seminars and events at
TheGlance.com
