Research Essential Services receives $100K loan, plans hires

Wednesday, September 1, 2010 | Source: Concentrate

Research Essential Services is beginning to collect ex-Pfizer workers at its home in the Michigan Life Science and Innovation Center, a Plymouth-based wetlab incubator run by Ann Arbor SPARK.

The start-up plans to hire two ex-Pfizer employees with a recent $100,000 grant it received from the state of Michigan's Company Formation and Growth Fund. It has already hired two other former Pfizer workers and two more life science employees with a $200,000 loan previously received from the fund.

The company was founded by ex-Pfizer workers and now specializes in providing preclinical research services tailored to start-up and biotech firms. It offers professional veterinary care and design and execution of high quality research protocols in a state of the art facility.

Research Essential Services is one of five Michigan companies to split the most recent $530,000 in loans from the state's Company Formation and Growth Fund. That initiative began in 2007, shortly after Pfizer announced the closing of its Ann Arbor campus. It's aimed at keeping Pfizer's talent in-state by accelerating start-up formation and growth. It has made $8 million in loans to a total of 41 life-science companies in Ann Arbor, Chelsea, Jackson, Livonia, and Saline.

Source: Michigan Economic Development Corp
Writer: Jon Zemke

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