State fund to foster investing, companies
The state announced a new $109 million fund Thursday designed to energize the investment community and the companies they buy into.
The 21st Century Investment Fund will invest over the next three years in venture capital, mezzanine and private equity funds that will then choose companies to invest in.
The fund is part of the $2 billion, 10-year initiative Gov. Jennifer Granholm launched to diversify Michigan's economy and create new jobs.
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