The Michigan Strategic Fund steered additional money into two capital funds that support high-tech startups and growing small businesses in the state.

The Invest Michigan Pre-Seed Fund II received $3 million to invest in startups through loans or equity. Grow Michigan LLC will receive $9.6 million for a second mezzanine-style fund that will provide loans to growing small businesses.

Published in Small Business

After a major customer moved a supply contract to a Chinese company, a Muskegon-area manufacturer needed capital to retool for the new business coming in to replace what it had lost.

Published in Finance