Welcome to Wayne County, Michigan

Please click on the links below to learn more about these programs.

Michigan Venture Capital Association
The MVCA is a non-profit trade organization designed to bring together venture capital industry participants in the state of Michigan. The organization’s goal is to grow and sustain a vibrant venture capital community in Michigan. Our membership includes private venture capital funds, corporate venture capital funds, private equity firms, angel investors, and entrepreneurial infrastructure participants. The MVCA is a vehicle to bring together industry participants and to provide a concerted voice for Michigan's venture capital industry.

Michigan Pre-Seed Capital Fund
The Michigan Pre-Seed Capital Fund supports high-tech start-up companies as they near commercial viability by providing access to early-stage capital investment or micro loans to accelerate company development. Supported by a consortium of Michigan SmartZones, these funds will extend the personal investment of entrepreneurs during the critical stage when they are developing their businesses to the point of readiness for outside investment.

Invest Detroit
Invest Detroit and its related entities were formed to facilitate funding from the public, private and foundation sectors and to address targeted needs of the communities it serves. Representing $125 million in funds and tax credits, Invest Detroit serves as a platform intended to meet a broad range of financing needs to support business expansion and real estate development, the creation and retention of jobs, and the revitalization of distressed areas.

Michigan 21st Century Jobs Fund
To reshape our economy the 21st Century Jobs Fund will spark new investment, creating high-tech companies and jobs which will diversify our economy and give new market players the Upper Hand in the state. The 21st Century Jobs Fund will help diversify and grow our high-tech economy by investing in basic research at our universities and non-profit research institutions, applied research, university technology transfer and the commercialization of products, processes and services.

New Economy Initiative for Southeast Michigan
The New Economy Initiative for Southeast Michigan is an innovative philanthropic effort that will help restore southeast Michigan to a position of leadership in the new global economy. Ten national, regional and local foundations have committed $100 million to this unprecedented eight-year initiative. The New Economy Initiative is the one of the largest philanthropic initiatives focused on regional economic development in the country. The New Economy Initiative is philanthropy’s response to the declining economy of Metropolitan Detroit.

Venture Michigan Fund
A $95 million venture capital fund investment program was formed under the Michigan Early Stage Venture Investment Act of 2003 (or the "Act of 2003"). VMF seeks to promote Michigan's economic health by assisting in the creation of new jobs, new businesses and new industries in Michigan through the creation of a fund-of-funds that would invest in private equity managers that invest primarily in Michigan-based early stage venture capital companies. As per the Act of 2003, the capital for the program has not be provided by the State but raised from outside investors. To encourage investment in VMF, the Michigan Department of Treasury agreed to provide investors with up to $200 million of tax voucher certificates that could be used as a form of "currency" to offset any shortfall in debt servicing by fulfilling an equivalent amount of Single Business Tax and/or withholding tax obligations of the investors.

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