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Displaying items by tag: New Community Transformation Fund LP

Sunday, 05 December 2021 16:00

Wege Foundation’s $1M investment in minority-focused VC fund may attract more nonprofit giving

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.

Published in Nonprofits
Sunday, 07 November 2021 18:55

Ollie Howie named first managing director of minority-focused venture capital fund

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.

Published in Finance
Sunday, 09 May 2021 18:00

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.

Published in Economic Development

Sunday, 09 May 2021 17:20

Michigan VC industry focuses on cultivating more diversity in staff, investments

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.

Published in Finance
Sunday, 31 January 2021 15:56

Diversity-focused VC fund garners widespread attention, even before making initial investment

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.

Published in Finance
Tuesday, 26 January 2021 13:44

GR-based VC fund targeting minority-owned companies raises $8.5M in first year

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.

Published in Finance


Sunday, 03 January 2021 15:24

Thelen to lead The Right Place amid economic development ‘inflection point’

GRAND RAPIDS — Randy Thelen describes the COVID-19 pandemic as an “inflection point” that can shift the course of economic development in West Michigan.

Published in Energy
Sunday, 11 October 2020 09:08

MiBiz Growth Report: October 11, 2020

Here is the MiBiz Growth Report for October 11, 2020.

Published in Economic Development
Wednesday, 30 September 2020 16:45

Grand Rapids venture capital fund secures millions for minority-owned companies

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.

Published in Finance

Sunday, 02 August 2020 17:00

New diversity-focused VC fund seeks $5M locally before making national pitch

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.

Published in Finance