WebAug 4, 2024 · The fund will generally provide loans of $1 million to $3 million for three- to five-year terms, but can go up to $5 million, according to a staff memo to the Michigan Strategic Fund board for the October meeting. Grogan sees Grow Michigan as a potential partner in funding growing companies that need capital. WebMar 21, 2024 · “Starting and growing a business takes grit, courage and tenacity – and here in Michigan, that runs deep in our DNA,” said Quentin L. Messer, Jr., CEO of the Michigan Economic Development Corporation (MEDC). “By taking a truly Team Michigan approach, this new fund will facilitate more risk-takers across the state in acquiring access to ...
Grow Michigan
WebDec 10, 2024 · Administered by Detroit-based First Independence Bank, one of the largest African American-owned banks in the U.S., the statewide Grow Michigan Fund II will lend to profitable companies that typically need $500,000 to $5 million, have established relationships with senior lenders, revenue of $3 million to $50 million, and where the … WebApr 12, 2024 · The Michigan Nonprofit Association and the Michigan Department of Labor and Economic Growth (LEO) are promoting a $35 million MI Nonprofit Relief Fund, … drako motors careers
Michigan organizations receive $34.3M in federal funds to lend in …
WebDec 10, 2024 · A $200 million statewide mezzanine capital fund, with half earmarked for minority businesses, aims to help grow Michigan's "bread-and-butter" … WebGrow Michigan Fund. Sep 2024 - Present1 year 3 months. Bloomfield Hills, Michigan, United States. Build and maintain relationship with senior lenders doing business with Michigan based companies ... WebApr 10, 2024 · State of Michigan Retirement System bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 100,500 shares of the insurance provider's stock, valued at appr drakomon mod menu hack apk