Michigan Business Beat

The economic climate of Michigan is constantly changing. It can often be difficult to keep up with the current challenges facing the state. This why we are pleased to announce that SPARK’s CEO, Paul Krutko, will be a recurring monthly guest on the Michigan Business Beat radio show.  He’ll be bringing his 30 years of experience into conversations on economic opportunities in the region. The show is hosted by Chris Holman, and regularly highlights... [Read More...]

The Young & Entrepreneurial: David Merritt

Photo credit: Dave Lewinsky In an article published last week, Concentrate offers a great look at David Merritt, a young entrepreneur who founded I Miss You, or IMU.  IMU is an apparel company that fulfills David’s dream of blending business savvy with community commitment and service. In the article, writer Jon Zemke offers that David is exactly the type of up and comer that is the foundation of our state’s best and brightest economy. ... [Read More...]

Sen. Dodd’s bill needs amending

Have you seen or heard about Senator Christopher Dodd’s Financial Reform Bill and the provisions regarding angel funding?  There is an excellent article in Business Week about the provision that would increase the requirements of an individual to qualify as an accredited investor.  It would take out an estimated 40% of people who qualify today from being able to make a sophisticated investment in a promising new technology-based business.  Furthermore... [Read More...]

Angel investors needed in Michigan

Check out this article in Metromode.  http://www.metromodemedia.com/features/detroitangelinvestors0150.aspx  It talks about angel investing and the need for more angels in Michigan.  They highlight two important people in this space, Rick Galdi and Terry Cross.  Great testimonials from these guys.  The reporter did a good job contacting several people involved with the angel community who know the importance of developing a strong angel base... [Read More...]

PBS NewsHour: In Ann Arbor, Michigan Finds Its Life Preserver

PBS NewsHour features Ann Arbor Michigan as “a city with a vibrant downtown, a cutting-edge information technology incubator, filled with smart young entrepreneurs, and a deli packed with foodies waiting to buy $40 cheese. You might be surprised to find yourself in Ann Arbor, Michigan. The city is like a life preserver, floating in a state whose economy has been sinking for a decade. Across the country, cities like Ann Arbor, homes to big public... [Read More...]

Jennifer Owens Joins Ann Arbor SPARK

On December 7, Jennifer Owens will join Ann Arbor SPARK as its new vice president, business development.  In this role, Owens will support efforts to attract and retain new businesses to the Ann Arbor region. “Jennifer’s experience in economic development is an asset that directly supports Ann Arbor SPARK’s efforts to expand the region’s economy,” said Michael A. Finney, Ann Arbor SPARK’s CEO.  “As we continue to look at ways to bring... [Read More...]

Thomson Reuters Named Coolest Place to Work in Tough Times

Crain’s Detroit Business recently named Thomson Reuters as one of the Coolest Place to Work in Tough Times. The publication runs Cool Places to Work lists bi-annually; and this year added the ‘tough times’ component given the downturn in the economy over the past year, particularly in Michigan. Continue reading…  Read More →

Micro loans becoming very popular

Six months ago there was no such thing as a loan for a pre-revenue, innovative start-up company.  Today, if you are in Washtenaw county there are three sources for loans.  There has been a lot of press about these micro loans the past few weeks.  Expect a lot more.  We have made four loans to companies around the state through the Michigan Pre-Seed Capital Fund program totalling $137,500 in just three months.  Applicants for the Ann Arbor and... [Read More...]

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