Ten Ann Arbor area companies approved for Company Formation Fund loans
$12 million Pfizer Asset Retention Fund program now committed Ten more Ann Arbor area companies were approved yesterday by the Michigan Strategic Fund board for very low interest loans aimed at keeping former Pfizer employees employed in the state. A total of 15 Ann Arbor companies are receiving loans. These companies received approval for a loan: GeneVivo, Integrated Nonclinical Development Solutons, International Discovery Sourcing Consultants,... [Read More...]
Company Formation Loans Delayed
No loans in December, Wait to January The MEDC isn’t prepared to present the applicants for Company Formation Fund loans this month. They are still trying to catch up processing the loans approved last month. You will recall the program was opened the first of November. A rush of about 30 companies was processed and about 25 were approved for loans totalling more than $4 million by the MSF Board on Nov. 28. Now all the paperwork needs... [Read More...]
MSF Board Approves Loans for 5 Ann Arbor SPARK Sponsored Companies
$1.5 million in low interest loans will be provided these Ann Arbor area companies. The Michigan Strategic Fund Board approved loans totaling $1.5 million to five Ann Arbor SPARK sponsored companies through the Company Formation and Growth Fund. This is the fund created recently to provide low interest loans to life science companies hiring Pfizer employees losing their jobs in ’07 and ’08. This is a significant effort to keep highly educated... [Read More...]
