Baker College Jackson Adds New Engineering Building

JACKSON – Construction has begun on Baker College of Jackson’s new engineering building, which will support the projected increased demand for engineering talent by employers in the Jackson area. It will open for 2016 fall quarter.

The stand-alone, 14,266-square-foot building on the Baker College of Jackson campus will offer high-tech classrooms and approximately 8,000 square feet of shop floor for students pursing Baker College’s current manufacturing programs as well as programs added to meet local employers’ needs.

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MTU Adds Cybersecurity, Applied Physics Degrees; Tuition To Rise 4.8%

HOUGHTON — At a meeting of Michigan Technological University’s Board of Trustees on Friday, April 29, the Board celebrated nearly 1,000 students who will be awarded degrees at Spring Commencement on Saturday, April 30, including more than 200 graduate students.

Two New Graduate Programs

At the meeting, the board approved two new degree programs, a Master of Science in Cybersecurity and a PhD in Applied Physics.

The MS in Cybersecurity is an interdisciplinary program involving faculty from the Departments of Computer Science and Electrical and Computer Engineering and from the School of Technology. The program is expected to broaden students’ opportunity for future career development.

The PhD in Applied Physics is a spinoff of the Physics Department’s current PhD in Engineering Physics. It will replace the Engineering Physics program, broadening the scope of that program to meet the needs of students focusing on interdisciplinary areas of engineering and science, including nanotechnology, photonics, plasmonics and biophysics.

Operating Fund Budget

The board approved a general operating fund budget of $200,057,777 for the 2017 fiscal year, which begins July 1. The operating budget is based on anticipated state appropriations of $48,854,700, approximately 4.3 percent more than last year.

Included in the budget is an average 4.8 percent increase in tuition and fees, meeting the requirements of Gov. Rick Snyder’s proposed tuition cap. In-state tuition and fees for first-year students will increase by 2.4 percent, with the increase for upperclassmen totaling 6.9 percent. Graduate tuition will increase by 5 percent.

The board authorized the university administration to revise the operating budget to reflect any change in anticipated state appropriations or tuition cap.

“If the state appropriations or tuition cap situations change, Michigan Tech will revise the budget and notify the Board,” said President Glenn Mroz.

Both board chair Julie Fream and Michigan Tech President Glenn Mroz paid tribute to Dale Tahtinen, retiring vice president for governmental affairs and secretary to the board of trustees.

“We want to thank Dale for his 25 years of distinguished service,” said Fream. “Dale’s guiding influence, his gift in being able to size up a situation and provide sage advice, and his ability to diffuse most any situation have been tremendous assets to the Board.

Mroz added:  “We are so grateful to Dale for all that he has done for Michigan Tech through the years.” Those present then gave Tahtinen a standing ovation.

In other business, the board elected former ESD president Terry Woychowski as board chair and Linda Kennedy vice chair, and Roberta Dessellier as board secretary, replacing Tahtinen.

Baker College, Lake Orion Schools Set ‘Early College’ Program

AUBURN HILLS — Baker College’s Auburn Hills campus and the Lake Orion Community Schools announced a partnership to give high school students the opportunity to graduate from high school with up to 60 transferable college credits, a college associate degree or a technical certificate at no cost to the students or their families.

The Lake Orion Early/Middle College program will pay for all tuition, books and fees.

Current sophomore students at Lake Orion High School are eligible for the program, which begins this fall. They can earn high school and college credit at the same time ­– at the high school, online or at Baker College of Auburn Hills – and continue to earn college credit during a fifth year of high school with courses held at Baker College of Auburn Hills.

A student-parent informational meeting is set for Wednesday, May 4 at 7 p.m., at the Lake Orion High School Auditorium. Continue reading Baker College, Lake Orion Schools Set ‘Early College’ Program

Techweek Returns to Detroit for Third Year, May 2-8

DETROIT — Out with the trade show, in with more speakers.

That’s the plan for the third annual Techweek Detroit, May 2-8 at various venues around the city.

Throughout the week, the conference will host numerous events including interactive workshops, a hackathon, startup pitch competition, networking events and educational speaker panels – all with the goal of helping local tech startups become substantial and influential companies, bringing jobs, excitement and pride to Detroit.

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Gentherm Profits Dip On Canadian Plant Shutdown Costs

NORTHVILLE — Gentherm Inc. (Nasdaq: THRM), the Northville-based thermal management and electronics manufacturer, reported net income of $11.9 million or 33 cents a share in the first quarter, down from $19.8 million or 55 cents a share in the first quarter of 2015.

Revenue rose to $215.7 million from $206.9 million a year earlier.

The company blamed the profit decline on one-time expenses related to the shutdown of a plant in Windsor, Ontario and a recent acquisition. Without those expenses, Gentherm said net income would have been $21.5 million or 59 cents a share.

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Visteon Sales, Profits Decline

VAN BUREN TWP. — Visteon Corp. (NYSE: VC), the automotive electronics manufacturer based in Wayne County’s Van Buren Township, reported net income of $19 million or 49 cents a share in the first quarter ended March 31, down from $50 million or $1.10 a share in the first quarter of 2015.

The company said the net income figure included a loss of $13 million from discontinued operations, and $15 million of restructuring costs. Adjusted net income, which excludes these costs, was $47 million, or $1.22 per diluted share.

Revenue was $802 million, down from $816 million a year earlier.

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MITechNews.com Now Includes Nasdaq Globe Newswire

ANN ARBOR – Nasdaq GlobeNewswire has become the latest content partner to join MITechNews.Com, a website that provides articles, events listings and information on the companies, people and organizations driving technology in Michigan.

Financial news from not only Michigan, but also Wisconsin, Illinois, Indiana and Ohio is now available at MITechNews.Com courtesy of  Nasdaq GlobeNewswire.

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MSU Spring 2016 Design Day: 276 teams, 1,138 engineering students

EAST LANSING — Spring Design Day in the Michigan State University College of Engineering is more than 20 percent bigger than last year’s celebration of engineering, design and innovation — which was the largest ever to that point.

The end-of- year experience showcasing the innovations of the next generation of engineers and computer scientists takes place Friday, April 29, from 8 a.m. to noon in the Engineering Building, 428 S. Shaw Lane, East Lansing, with awards presented at 1:15 p.m. in Anthony Hall Room 1281. Design Day is free and open to the public.

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Whirlpool Profits, Sales Dip On Strong Dollar, Weak Overseas Demand

BENTON HARBOR — Whirlpool Corp. (NYSE: WHR) reported net income of $150 million or $1.92 a share in the first quarter ended March 31, down from $191 million or $2.38 a share in the same period a year earlier.

Revenue for the quarter was $4.62 billion, down from $4.85 billion a year earlier. The company said the decline was entirely the result of a stronger United States dollar; excluding the impact of currency, sales rose 1 percent.

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UM Social Venture Fund Invests in Conversa Health

ANN ARBOR — The Social Venture Fund, a student-run venture capital fund at the University of Michgian, said it had participated in the Series B convertible note financing round for San Rafael, Calif.-based Conversa Health, a company developing software ot foster communications between hospitals and patients.

The Social Venture Fund invests in for-profit companies that place social and environmental impact at the heart of their business models. It’s managed by about 40 master’s and bachelor’s degree students in business administration, many of whom are pursuing dual-degrees with education, environment, health, law and public policy, along with faculty advisor Uday Rajan, the chair of the finance department at UM’s Ross School of Business.

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