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March 6, 2021
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Investment Plan-Granholm
(2008-07-31)
(wgvu) - Governor Jennifer Granholm says the state is
launching a program aimed at attracting, retaining and developing
small to medium-sized businesses in Michigan.
The Invest Michigan program is financed with $300 million of the
state's $58 billion in pension investments.
Of the $300 million, investments of $2 million and $7 million
will go to venture capital and expanding companies. The other $150
million will go toward making 10 separate investments of between
$10 million and $40 million in companies that are potential
acquisition or buyout targets.
Granholm made the announcement at a news conference in Detroit
on Thursday.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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