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Ann Arbor Spark

May 8, 2020

Weekly Rewind: Ann Arbor’s Business News Recap

A look back on this week’s economic development headlines, announcements, and other share-worthy news from the Ann Arbor region.

COVID-19 Updates

  • This week the MEDC released statewide information on its program, which supported 2,700 businesses through Michigan. SPARK served as the fiduciary for our six-county partnership, distributing $900,000 to nearly 200 businesses across our region. Based on the info the MEDC put out, SPARK’s work supported the largest number of employees in the state.

Entrepreneurial Ecosystem

  • The Michigan Angel Community released its 2019 Annual Report this week. Some of the data:
    • There were 1,322 angels who invested in Michigan companies in 2019, investing $73.6 million in Michigan companies.
    • A total of 106 companies received angel funding
    • 23 were women-owned and 24 were minority-owned.

Regional News

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