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Granholm Announces Support to Help High-Tech Companies Grow, Create Jobs

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Company Formation and Growth Fund making loans to entrepreneurs, keeping Pfizer talent and assets in Michigan

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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