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Ann Arbor Spark

April 6, 2018

When a company leaves Ann Arbor, is it required to pay back any loans or grants funded by the LDFA?

When a company leaves Ann Arbor, a provision does exist in the agreements and loans that they will repay any LDFA funding. Ann Arbor SPARK is earnest in collecting from those companies to the extent that the time and actual expense related to collecting repayment isn’t greater than the amount of funding to be collected.