Algal Scientific Completes $3 Million Raise for Biotechnology Commercialization

NORTHVILLE, MICHIGAN, April 28, 2014 – Algal Scientific Corporation, a biotech developer and manufacturer of algae-based chemicals and a supplier of related technologies for the food and beverage industries, today announced that it has completed a $3 million financing led by Evonik Ventures, Formation8 Partners, and Independence Equity. “The completion of this funding allows us to begin the commercial scale production and sale of Algamune™,... [Read More...]

Wind Energy Company Clean Green Energy LCC Secures $25 Million in Project Financing

Brighton, MI — Clean Green Energy LLC (“CGE”) announces that they have secured $25 million in project financing enabling full funding of Power Purchase Agreement (PPA) installations of their WIND•e20® vertical axis wind turbine. Contracted last year, Shannon Swartz of PierPoint Mortgage acts as credit manager for CGE’s wind projects. In their initial round of financial support, Mr. Swartz looks forward to supporting CGE’s... [Read More...]

Ann Arbor SPARK Assists Applicants with Recovery Zone Bonds

Ann Arbor SPARK is assisting applicants with funding available through Recovery Zone Economic Development and Facility Bonds.  Appropriated through the American Recovery and Reinvestment Act of 2009, Recovery Zone Bonds provide reduced rate financing and stimulate economic growth in Recovery Zones. In Washtenaw County, over $33 million is available through the Recovery Zone Facility Bonds program.  An additional $17 million is available in the City... [Read More...]