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Article: Ann Arbor SPARK Receives $3.75M from Michigan's Company Formation & Growth Fund
- Article from:
- U.S. Newswire
- Article date:
- November 29, 2007
CopyrightCopyright 2007 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: STATE EDITORS
Contact: Jennifer Cornell, +1-734-765-0174, or Elizabeth
Parkinson, +1-734-330-1383, both of Ann Arbor SPARK
ANN ARBOR, Mich., Nov. 29 /PRNewswire/ -- Ann Arbor SPARK has
been awarded $3.75 million by the state of Michigan through the 21st
Century Jobs Fund. The Company Formation and Growth Fund, a state of
Michigan loan fund with a low interest rate, is intended to
encourage the retention of Pfizer assets and talent in the region.
Job creation is vital for consideration for approval of funding
through the Company Formation and Growth Fund.
"The Company Formation and Growth Fund provides the essential
capital for jobs creation as well as support for start-up companies ...