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State OKs $5 Million for Pfizer Talent Retention

By on Nov 29, 2007

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.

A $500,000 also goes to economic development groups Ann Arbor SPARK and Southwest Michigan First in Kalamazoo to bolster the Michigan Innovation Equipment Depot, created last year to distribute equipment donated by Pfizer to state companies.

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