SW Michigan

TEXAS TOWNSHIP, Mich. (NEWSCHANNEL 3) - There's grim news out of Kalamazoo County, where Newschannel 3 has learned a company is planning to shed dozens of employees. It's happening at IndyMac Mortgage Services, which has an office outside Kalamazoo in Texas Township. IndyMac is the mortgage management division for OneWest, a bank headquartered in Pasadena, Calif.

A $50 million fund to help low-income Michiganders keep their heat on in the winter received final passage in the state Senate Thursday. By a vote of 34-4, the Senate concurred in changes made to the bill in the House of Representatives last week. The bill now moves to Gov.

DECATUR, MI - Cargill is buying the grain storage and crop inputs assets of Northstar Grain LLC and associated properties in Decatur, according to a news release from the company. Cargill plans to invest about $3 million in upgrades to the facility -- completing the construction of a 500,000 bushel storage bin and increasing the capability to ship 75-car unit trains.

The DDA is projected to have a shortfall in three areas of its tax-increment financing budget: about $94,000 in property value adjustments, about $51,000 from changing the way it calculates TIF captures and $51,000 it anticipates in paying out to businesses that filed for a Michigan Tax Tribunal appeal.

The National Council on Teacher Quality released the ratings today assigning - from worst to best - ratings of one to four stars. Only 13 Michigan colleges received a rating in the report, because of limitations with getting enough data to evaluate them across all standards.