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Wisconsin is in the process of creating a $100 million venture capital fund of funds program as a vehicle to attract investment in early-stage companies in Wisconsin.
UPPER PENINSULA, MI– A new round of grant funding is being made available by the Michigan Economic Development Corporation (MEDC) through the recently signed Michigan COVID Relief Plan.
The bill includes $55 million to help small businesses impacted by COVID-19. The funds, appropriated by the legislature through SB 748 and authorized by the Michigan Strategic Fund, will be administered by 15 local and nonprofit economic development organizations across the State. $2.5 million has been allocated to the Upper Peninsula to be administered by InvestUP, a regional economic development organization representing all of the Upper Peninsula.
InvestUP CEO Marty Fittante, expressed his gratitude to those that made this funding available. “We are so grateful to our federal and state legislators, the Governor and our partners at the Michigan Strategic Fund and the MEDC for making this funding available to Upper Peninsula businesses. With the continued impacts of the COVID-19 pandemic