Articles

Articles

State OKs $5 Million for Pfizer Talent Retention

Twenty-two companies along the Interstate-94 corridor will share $5.05 million from a state program targeting retention of Pfizer Inc. assets and talent. Low-interest loans of between $50,000 and $400,000 went to the companies following approval by the Michigan Strategic Fund board.

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Granholm Announces Support to Help High-Tech Companies Create Jobs

Governor Jennifer M. Granholm today announced Michigan companies to receive loans under the Company Formation and Growth Fund, an initiative designed to retain Pfizer talent and assets in Michigan as a result of the global downsizing of the company’s workforce. The Michigan Strategic Fund has approved $5.05 million in low-interest loans to 22 companies in Ann Arbor, Jackson, Kalamazoo, and Portage. Combined, the companies are expected to create 101 new jobs.

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