Ann Arbor scores most of Mich 21st Century Jobs Fund capital

Wednesday, May 26, 2010 | Source: Detroit Free Press

Millions of dollars from the Michigan 21st Century Jobs Fund were intended to be spread across the state but Ann Arbor-based start-ups have brought home the lion's share of that capital.

Excerpt:

Though Michigan's 21st Century Jobs Fund is supposed to benefit the entire state, most of the dollars have gone to recipients in Ann Arbor. Of the 27 companies that took advantage of loans they were awarded in the fund's first business competition in 2006, two-thirds are based in the college town.

Read the rest of the story here and more about state-sponsored investment funds here.