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Ann Arbor Spark

November 20, 2007

Company Formation and Growth Fund

Loan program to preserve Pfizer assets launched

The Company Formation and Growth Fund is a new loan program designed to preserve assets, mostly employees, from the Pfizer reorganization.  It is a low interest loan offered to life science companies in the state who will be hiring former Pfizer employees in the upcoming year.  For each person hired a qualifying company can ask for $50,000, up to $500,000 in an unsecured low interest loan.  There is a month long approval process that will determine loan approval and final amount.

More information about the program is at http://www.annarborspark.org/business-resources/business-growth-expansion/company-formation-and-growth-fund/

Skip Simms
Ann Arbor SPARK
skip@AnnArborUSA.org
O – 734-821-0072
C – 734-646-3173