state tax credit

The Oakland University business incubator, OU INCubator, is getting some respect now that one of its clients, iTrack, is in line for some large tax breaks from the state.

DC Equities decided to create iTrack to help further its development of LPTS (Local Positioning and Tracking System) system.

The system allows first responders to rapidly construct a network capable of providing positioning for autonomous robotic vehicles and personnel tracking.

Two lithium ion battery manufacturers with offices in Metro Detroit plan to build two advanced automotive battery factories in Michigan.

Exact locations are still unknown, but LG Chem-Compact Power and A123Systems have traditionally invested in Southeast Michigan.

Hollywood is coming to Pontiac in a big way now that Motown Motion Pictures announced its going to invest $70 million to build a film studio in an old GM plant.

The deal is expected to create nearly 3,600 jobs directly and another 1,539 spin-off jobs.

All of them will be based in Metro Detroit.

"What's really significant is that here, in the State of Michigan, we're building a state of the art movie facility," says Steven J.

Lemberg, Senior Vice President and Chief Financial Officer of Motown Motion Pictures.