Michigan Pre-Seed Capital fund recipient Limo-Reid pays back $750,000, plus interest, to 3 investors

As reported by Tom Henderson, Crain’s Detroit Business September 30, 2009 Ann Arbor Spark, as well as two other community-development organizations, have been repaid with interest for early support of a Deerfield-based company that hopes to revolutionize transmission systems for trucks and military vehicles.Limo-Reid Inc. has paid back $250,000, plus interest, that Spark loaned to the company as part of the Michigan Pre-Seed Capital Fund... [Read More...]