Ann Arbor SPARK collects on one of its first investments

The venture capital game is starting to pay off handsomely for Ann Arbor SPARK.

Excerpt:

Ann Arbor Spark, Detroit-based NextEnergy, and Troy-based Automation Alley each have been repaid $250,000, with interest, for early support of Deerfield-based Limo-Reid Inc.

Limo-Reid Inc. has paid back the money that the three organizations loaned in 2007. At the time of the loan, the company was known as Hybra-Drive Systems L.L.C.

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Related Company

  • Ann Arbor Spark
    201 S. Division, Suite 430
    Ann Arbor, Michigan 48104 Website
    Ann Arbor SPARK, a non-profit organization, is the driving force in establishing the Ann Arbor region as a destination for business expansion, retention, and location by identifying and meeting the needs of business at every stage, from startups to ...