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Daily news and features from and from the weekly newspaper Crain's Detroit Business.
Updated: 4 years 37 weeks ago

Michigan Congresswoman Candice Miller won't seek re-election in 2016

March 5, 2015 - 2:38pm
Crain's Detroit Business - Republican U.S. Rep. Candice Miller said today that she will not seek re-election to Michigan's 10th District seat in 2016 when her term ends at the end of next year. The Harrison Township lawmaker did not say why she was leaving the House or specify her future plans, other than saying she would be coming home. In a video statement released on her Facebook page, Miller, who is serving her seventh term in Congress, said she will be "coming home" to the "community that I love, that I call home"
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House Republican proposes big changes in Michigan energy law

March 5, 2015 - 2:28pm
David Eggert Associated Press - LANSING — Michigan would end competition in the electricity market and its renewable power requirement would be left intact but not rise under legislation introduced by a key Republican. House Energy Policy Chairman Aric Nesbitt said Thursday that guaranteeing Michigan's two dominant utilities 100 percent of sales in their regions would save customers money. Competitors who sell power to businesses and schools are allowed up to 10 percent of the market under a 2008 law. Nesbitt
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4 tips to help entrepreneurs succeed

March 5, 2015 - 1:15pm
Michelle Pluskota - Many first-time entrepreneurs think their first steps should be to build a product or service and raise money to turn it into a successful business. But most experienced entrepreneurs and experts of entrepreneurial practices believe this thinking is wrong. They say the first thing an entrepreneur should do is validate that his or her idea solves a real existing problem in the marketplace. Very few ideas ever survive the first contact with a customer, said Bill Mayer, vice president of
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Cheers! Here's a look inside Midtown's soon-to-open Jolly Pumpkin

March 5, 2015 - 11:36am
Kirk Pinho - Midtown, meet your newest microbrewery. Jolly Pumpkin Artisan Ales is still about a month away from opening its doors to customers on West Canfield Street, but I had the chance to get a peek, along with other media, inside the 5,000-square-foot microbrewery, distillery and pizzeria in Detroit today. Adorned with about 16,000 linear feet of reclaimed wood, Jolly Pumpkin seats about 100 and will have about 70-75 full- and part-time employees, said Tony Grant, CFO and COO of Dexter-based Northern
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Novelis teams with German partner Henkel on aluminum advances; product to be made in Warren

March 5, 2015 - 11:22am
Richard Truett Automotive News - Aluminum giant Novelis Inc. and German supplier Henkel AG & Co. said today that they signed an agreement to develop advanced bonding technologies for aluminum-intensive vehicles. The first product, a pretreatment that enhances the adhesion of glue and helps paint stick to aluminum, is already being vetted by automakers. Called Bonderite M-NT 8453, it would compete with and in some cases replace a similar product called Alcoa 951, which is the current industry standard coating for aluminum.
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Gores' Platinum Equity's Chassix forestalls default with lender deal

March 5, 2015 - 10:58am
Laura J. Keller Bloomberg News - Chassix Inc., the auto-parts maker owned by billionaire Detroit Pistons owner Tom Gores’ Platinum Equity LLC, said its bondholders agreed to refrain for a month from pursuing a default after the company missed an interest payment. The company said certain holders of its 9.25 percent secured notes due 2018 engaged in debt-restructuring talks agreed to a forbearance until April 4, according to a statement released late Wednesday. Chassix’s 30-day grace period on the missed interest
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Southfield staffing company acquires Chicago talent firm, plans to hire

March 5, 2015 - 10:55am
Chad Halcom - Southfield staffing company Impact Management Services LLC plans to nearly double its employee headcount and plans to add hundreds of new clients, after recently acquiring the staff and clients of Chicago-based Brill Street LLC.Founder-CEO Pete Davis of Impact said the company began hiring last week and plans to add at least five employees to the new Chicago office of Impact year's end. All told, Impact plans to add 12 recruiting and nine sales employees to its offices in Southfield and
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Dresner Foundation gift to help give Detroit boxing gym kids a lift

March 5, 2015 - 10:30am
Natalie Broda - For the last nine years, Carlos Sweeney has spent three hours every weekday picking up and dropping off 40 kids who attend his after-school boxing program in Detroit. That’s all about to change with a local foundation's support. The Downtown Boxing Gym Youth Program, founded by Sweeney in 2005, is a nonprofit organization focused on youth development. Children aged 7-18 attend the after-school program not only to learn boxing techniques, but to receive academic support and mentorship.
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Royal Oak-based 'new-world' nonprofit thinks young as it builds donor base

March 5, 2015 - 10:00am
Natalie Broda - and its parent organization, The Van House Foundation, are not your parents’ nonprofits, and they don’t follow traditional channels in fundraising or building awareness.There are no flyers sent to your mailbox, no $250 dinners and no 45-minute speeches at formal dinners.This is new-world charity, said founder and Co-chairman Rick Van House II.Founded in 2011 in Detroit, the Royal Oak-based GiveYoung movement is an awareness-centered initiative focused on
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Temple Israel in West Bloomfield receives $10M endowment

March 5, 2015 - 9:47am
Associated Press - A West Bloomfield-based synagogue has received a $10 million endowment from a Birmingham couple. The money donated by Temple Israel members Sarah and Harold Gottlieb will establish The Stephen Gottlieb z"l Cantorial Chair, in memory of their son who died in 2006. The endowment also will support the music program at the temple and fund an annual concert called the Stephen Gottlieb Tribute Concert. Harold Gottlieb said he hopes the
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Obamacare supporters take an early lead in Supreme Court game on subsidies, but who will win in the end?

March 5, 2015 - 9:39am
Jay Greene - Who knows how Justices Kennedy and Roberts will rule in the U.S. Supreme Court case before them that will decide whether some 300,000 Michiganders and 8 million others nationwide lose their health insurance subsidies. Most pundits and legal experts who either watched the 90-minute hearing Wednesday or read the transcript of the case can’t guess what the ultimate verdict will be. However, in the early innings of this game that will last until June when the ruling will be issued, most score
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Co-owner of Cliff Bell's, Bronx Bar to open new downtown Detroit bar by late summer

March 5, 2015 - 9:30am
Kirk Pinho - Paul Howard has plans for a new bar and restaurant in downtown Detroit. Howard, a co-owner of nightclub and restaurant Cliff Bell’s and the Bronx Bar in Midtown, said he plans to open the bar, which will be similar to the Bronx, late this summer in the building at 25-35 E. Grand River Ave. that used to house the Biegas Gallery. “It’ll be a neighborhood corner bar with a small kitchen and a patio,” Howard said Thursday morning. The bar, the name of which Howard declined
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Southfield saves nearly $4M by refinancing library bonds

March 5, 2015 - 5:27am
Associated Press - The city of Southfield said it has saved nearly $4 million over the next 15 years by refinancing library bonds. Library Building Authority refunding bonds for 2015 were sold for just more than $21.7 million to refinance bonds related to the original construction of the building on Evergreen Road. The bonds were refinanced at an average lower interest rate of 2.86 percent. The original rate was 5.04 percent. Treasurer Irv Lowenberg said Southfield was "able to take advantage of the historic low
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For a seemingly endless winter, a guide to seasonal Michigan beer

March 5, 2015 - 2:01am
Sean Genereaux - What to do when winter never seems to end? If you ask me, there is nothing that says cold-weather drinking better than seasonal winter brews from Michigan. Thick stouts and porters and rare or experimental drafts are all good options to pass a chilly night. Below is a directory to Michigan brews of note for the winter, including a description of the flavors, followed by more serious beer connoisseur information. I also included a few of my year-round favorites. I’ve included scores out of
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For a seemingly endless winter, a lengthy sampling of cold Michigan beer

March 5, 2015 - 2:01am
Sean Genereaux - What to do when winter never seems to end? If you ask me, there is nothing that says cold-weather drinking better than seasonal winter brews from Michigan. Thick stouts and porters and rare or experimental drafts are all good options to pass a chilly night. Below is a directory to Michigan brews of note for the winter, including a description of the flavors, followed by more serious beer connoisseur information. I also included a few of my year-round favorites. I’ve included scores out of
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'Walking Dead' stars headline Motor City Comic Con celebrity roster

March 4, 2015 - 5:51pm
Chad Halcom - The dead could bring Suburban Collection Showplace to life in record numbers this May, when Motor City Comic Con summons its largest turnout yet of stars from AMC ratings heavyweight “The Walking Dead” to Novi. Michael Goldman, owner of Farmington Hills-based Motor City Comics and promoter of the convention now in its 26th year, said he expects attendance to top 45,000 and could even approach 50,000 at the three-day event May 13-15. That would handily crush last year’s record
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State: No aid for Detroit retirees with big annuity returns

March 4, 2015 - 3:25pm
Ed White Associated Press - The state of Michigan is opposing efforts to give financial aid to Detroit retirees whose extraordinary returns from an annuity program harmed the city's pension fund. The issue emerged Wednesday at a court hearing to discuss how Detroit is performing three months after emerging from bankruptcy. Pension cuts of 4.5 percent have kicked in for thousands of retirees as part of the plan to get out of bankruptcy. If their income falls below certain levels, they can qualify for aid from a special
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Ford Field to host Sports Business Week networking event in April

March 4, 2015 - 1:28pm
Bill Shea - For those interested in networking among professionals in the sports industry, especially those working for teams and media, Sports Business Week 2015 kicks off locally next month. This year’s networking event is scheduled for 5:30-7 p.m. April 15 at The Breadstick bar/restaurant on the Club Level inside Ford Field. Food and drinks will be available. Last year's local event was at Two James Spirits in Corktown. Tickets are $5 in advance (with a $1.27 fee) or $10 at the door. All proceeds
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DTE, Vectorform create joint venture to sell energy-tracking mobile app to utilities

March 4, 2015 - 1:15pm
Jay Greene - DTE Energy Co. and Vectorform, a Royal Oak-based technology company, have announced plans to form a joint venture to market and sell an energy tracking and software device to other utilities, according to the companies in a joint statement. Under Powerley, the name of the joint venture, the companies will sell an energy-efficiency mobile platform that allows customers to reduce energy consumption and increase savings. Terms of the agreement were not released. DTE (NYSE:DTE) already provides a
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Ann Arbor-based Accio Energy to compete in Midwest Clean Energy Challenge

March 4, 2015 - 12:45pm
Tom Henderson - Ann Arbor-based Accio Energy Inc. is one of 14 clean-tech companies in the Midwest that will vie for a total of $1 million at the Clean Energy Challenge in Chicago on April 14. Accio is one of nine companies that will be pitching to win the Wells Fargo prize of $100,000 for being the best early-stage company based in the Midwest. It is also up for $20,000 for the best company led by a woman. Its CEO is Jennifer Baird, who was CEO at Ann Arbor-based Accuri Cytometers Inc., one of the most
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