Displaying items by tag: New Community Transformation Fund LP
GRAND RAPIDS — The Wege Foundation’s $1 million investment committed to the New Community Transformation Fund comes from a shared vision to support greater economic diversity and inclusion in West Michigan’s economy.
The first managing director of a venture capital fund that plans to invest in businesses owned by people of color sees an opportunity to pioneer an initiative for greater economic diversity in West Michigan.
Municipalities and organizations play catch-up on diversity, equity and inclusion as minority business leaders seek resources
It’s been a year since social media timelines were filled with Black Lives Matter hashtags, messages of solidarity with people of color, and promises to address racism as organizations responded to the national racial justice movement.
Michigan’s venture capital industry made modest strides in the last few years to create greater diversity within its ranks and in the number of startups run by women or minorities that receive investments.
GRAND RAPIDS — The West Michigan venture capital fund that intends to invest in growing, minority-owned businesses has garnered attention from interested parties who want to replicate the model elsewhere in the U.S.
GRAND RAPIDS — The venture capital fund formed a year ago in Grand Rapids to invest in minority-owned businesses has netted $8.5 million in commitments from investors and aims to hit $10 million this year.
GRAND RAPIDS — Randy Thelen describes the COVID-19 pandemic as an “inflection point” that can shift the course of economic development in West Michigan.
Here is the MiBiz Growth Report for October 11, 2020.
A Grand Rapids-based venture capital fund that will invest nationally in companies owned by minorities has secured commitments now totaling $6.25 million, with potentially millions more on the way.
GRAND RAPIDS — A new venture capital fund to invest in businesses owned by racial and ethnic minorities looks to secure financial backing locally before reaching out nationally for investors.