Local firms vie for loans
At least five companies with ties to the Lansing region are among more than 100 firms vying for low-interest loans in a new round of the state’s 21st Century Jobs Fund competition.
State officials are expected this week to release an updated list of those in the competition, which will dole out $30 million in funding this fall. The money is aimed at helping high-tech firms grow and add jobs in Michigan.
"It’s an excellent program and a great opportunity for these companies, some of whom just need that extra couple of million dollars to put into play some things to create a great amount of jobs," said Denyse Ferguson, vice president for new business development at Lansing Economic Area Partnership Inc., which helped two companies looking to locate in the area apply for funding.
A preliminary list from the Michigan Economic Development Corp., which oversees the program, includes 109 companies statewide that are asking for some $450 million in loans. Those figures are expected to change because of potential problems with the computer system used to take applications.
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