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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.
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Ann Arbor SPARK four-time FastTrack winner MedHub recently received support from the Village of Dexter that will help the company expand at a historical site in the community. Ann Arbor SPARK worked with the company throughout the incentives process, which resulted in MedHub committing to invest more than $1.7 million and double its staff.
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Ann Arbor SPARK helped Lyons Consulting Group secure incentives valued at more that $300,000 from the Michigan Economic Development Corp and the City of Ann Arbor to support its expansion in the region. As part of its expansion, Lyons, an e-commerce strategy, design, development, hosting and support firm based in Chicago, Ill., will invest $1.1 million and create 30 new jobs in the Ann Arbor area.
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(LANSING, MI) – Lake Trust Credit Union announced plans today to build a new $30 million headquarters on approximately 17-acre site adjoining US 23 just north of I-96 near Brighton. Lake Trust is also committed to expanding the credit unions’ retail network throughout Michigan, including in Lansing and Plymouth. Lake Trust plans to invest a total of $40 million in Michigan over the next five years.
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More than 15,000 babies will be born premature in Michigan this year, and business leader Paul Krutko is working with the March of Dimes to change this.
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At the conclusion of Ann Arbor
SPARK’s 21st Entrepreneur Boot Camp, Kalyspo, LLC was awarded Best of Boot Camp and Pharma Form Solutions won the new Most Committed to the Business Model Canvas Process Award. As chosen by a panel of investors who rated Boot Camp participants’ pitches, Best of Boot Camp winner Kalyspo received membership to the New Enterprise Forum (NEF) and a NEF coaching team for one year as well as an engagement with the Ann Arbor SPARK business accelerator.
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Ann Arbor SPARK was awarded $1 million from the Michigan Strategic Fund to support its business incubator activities via the creation of the new Washtenaw County Incubator Collaborative (WCIC). The Michigan Strategic Fund award is designed to stimulate the creation and continued growth of technology-based businesses and jobs.
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Four Michigan companies recently received investments from the Michigan Pre-Seed Capital Fund, totaling $1 million. To date, the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s SmartZones to support start-ups’ product commercialization, has awarded 83 Michigan companies with seed funding totaling more than $19 million.
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Paul Krutko is the president and CEO of Ann Arbor SPARK in Ann Arbor, Michigan, and the 2013 chairman of IEDC's board of directors. He recently spoke to ED Now about his priorities during his chairmanship in the coming year. The interview has been edited for clarity.
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Four Michigan companies have received a combined total of more than $156,000 through the Michigan Microloan Fund Program, bringing the total amount loaned through the Fund to more than $3.2 million. The companies received the funding to support commercialization of their core products.
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