Tuesday, March 26, 2024
LANSING, Mich. -- Today, Lt. Governor Garlin Gilchrist II joined the Michigan Economic Development Corporation in announcing Michigan Strategic Fund approval of up to $22 million in State Small Business Credit Initiative (SSBCI) 2.0 Michigan Small Business Venture Capital Program (SBVCP) funds to support two venture capital investment funds.
Union Heritage's Future Heritage Fund will target Socially Economically Disadvantaged Individuals (SEDI) and very small businesses (VSBs), while Venture Investors