Five Companies Receive Michigan Microloan Fund Program Awards

Five Michigan companies have received a combined total of $250,000 through the Michigan Microloan Fund Program, bringing the total amount loaned through the Fund to more than $3.8 million.  The companies received the funding to support commercialization of their core products. More information on the companies that received Michigan Microloan Fund Program support is available via video: “The Michigan Microloan Fund Program is an exceptional... [Read More...]

Nine Companies Receive Michigan Microloan Fund Program Awards

Nine Michigan companies have received a combined total of more than $397,000 through the Michigan Microloan Fund Program, bringing the total amount loaned through the Fund to nearly $3.6 million.  The companies received the funding to support commercialization of their core products. “The Michigan Microloan Fund Program helps businesses across the state bring innovative ideas to market by bridging a critical gap in the funding stream,” said... [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...]

Akervall Technologies Repays $15,000 Michigan Microloan Fund Program Award

Sassa Akervall, COO of Akervall Technologies, and Skip Simms, senior vice president of Ann Arbor SPARK Akervall Technologies recently repaid its Michigan Microloan Fund Program award, making it the first microloan recipient to repay funding.  The company, whose work on the innovative Protech Dent™ mouth guard was also awarded phase I SBIR funding, repaid its $15,000 microloan in just 15 months, nine months before it was due. “Akervall Technologies... [Read More...]

Liebherr-Aerospace expands facility, adds 20 jobs

Liebherr-Aerospace, located in Saline, is adding 33,000 sq ft to its existing 100,000 sq ft facility.  As part of the company’s expansion, it will also add 15-20 new jobs.  This expansion will help the company accommodate increased demand for its services. “Liebherr-Aerospace is able to expand in the Ann Arbor region, in part, because of its access to highly skilled, technical talent,” said Paul Krutko, Ann Arbor SPARK president... [Read More...]

Lakeside Software to Expand with New Ann Arbor Facility

Lakeside Software will grow its software development operations in Michigan, with a new location in Ann Arbor and an expansion to its existing operations in Bloomfield Hills.  The company recently received a Michigan Economic Growth Authority (MEGA) tax credit totaling $731,244 to help encourage the expansion. Lakeside Software plans to invest $6.1 million to expand existing operations in Bloomfield Hills, as well as locate operations in Ann... [Read More...]

Michigan Pre-Seed Capital Fund Invests $2.5 Million in 2010

Several Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, pushing the total investments made through the Fund to over $11.6 million.  To date, 52 Michigan companies have received seed funding from the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones. “Companies that received support from the Michigan Pre-Seed Capital Fund are currently employing 285 people throughout... [Read More...]

Three Companies Receive Combined $110,000 From Michigan Microloan Fund Program

Three Michigan companies recently received a combined total of $110,000 through the Michigan Microloan Fund Program, bringing the total amount invested through the Fund to over $1.69 million. GreenSand Corporation, iQ-Telematics and MyBandStock Corporation received the funding to support commercialization of their core products. Since the Michigan Microloan Fund Program was established in July 2009, 42 companies have received over $1.6 million... [Read More...]

Three More Companies Receive Microloans

Three Michigan companies recently received a combined total of $140,000 through the Michigan Microloan Fund Program, bringing the total amount invested through the Fund to over $1.4 million.  Detroit Electric, Ergun Technologies, and Local Orbit received the funding to support commercialization of their core products. Read about the companies.  Read More →

Three Companies Receive Michigan Microloan Funding

Three Michigan companies recently received a combined total of $104,000 through the Michigan Microloan Fund Program.  This brings the total amount invested through the Fund to over $1.3 million. Terra-Telesis, KnowledgeWatch, and uwemp received the funding to support commercialization of their core products. Terra-Telesis is based in Okemos and received Microloan funding for the commercialization of emerging technology based on its unique low profile,... [Read More...]

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