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27 May 2009 23:09

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Biz, U.S.: Need startup funding? Look no further than, uh, Kalamazoo

  • Silicon Valley’s drying up Despite the bevy of great ideas out there, one area can apparently handle so many great ideas, and venture capital in Silicon Valley is starting to dry up. And we’re in the Internet era, remember. You can be innovative anywhere!
  • Toledo’s giving grants Fortunately for startups willing to move their entire business to the Midwest, municipal governments are offering to give significant financial help. But those purses close if they’re not willing to invest in the community.
  • Rust belt tax breaksYou can guess why cities in Ohio and Michigan are so aggressive about getting tech companies in their cities – two good reasons, in fact, GM and Chrysler. Which is why they want startups to stick around. No fly-by-nights. source

30 Mar 2009 00:30

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Biz, U.S.: The bailed-out auto companies are pretty much screwed

  • 60 days for General Motors to restructure in a way that doesn’t suck; if it doesn’t, the bailout funds go dry.
  • 30 days for Chrysler to complete its merger with Fiat; if it doesn’t, they’re going to die and likely get sold off. source