Five Lansing area tech companies are competing
with 95 other Michigan firms for $30 million in state-funded 21st
Century Jobs Fund low-interest loans.
According to excerpts from the article:
"It's
an excellent program and a great opportunity for these companies, some
of whom just need that extra couple of million dollars to put into
play some things to create a great amount of jobs," said Denyse
Ferguson, vice president for new business development at Lansing
Economic Area Partnership Inc., which helped two companies looking to
locate in the area apply for funding.
The
competition is different from earlier rounds of the Jobs Fund, which
has doled out $126.3 million to 78 companies, universities and other
organizations doing work in the fields of alternative energy, life
sciences, advanced manufacturing, and homeland security and defense.
This time, the competition is only open to
for-profit companies in late stages of bringing products to market,
MEDC spokeswoman Bridget Beckman said.
"It's focused on companies that are set up to create jobs in the near-term," Beckman said.
Read the entire article here.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.