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Color Logo Charter Township of Ypsilanti A Community of Opportunity

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The Michigan Department of Treasury recently awarded a 15-year funding extension to the Ann Arbor Ypsilanti SmartZone. The funding received by the SmartZone from the State are designated to create and promote the development and attraction of high technology activities to the SmartZone areas of Ann Arbor and Ypsilanti. Since 2006, these programs and services have been provided though Ann Arbor SPARK’s entrepreneurial services team.


“We’re pleased to partner with the LDFA as a part of our comprehensive regional economic development, public-private-academic partnership,” said Paul Krutko, president and CEO of Ann Arbor SPARK. “What’s particularly exciting about this new contract is having this new source of funding for supporting technology entrepreneurs in Ypsilanti to supplement the fundraising SPARK has had to engage in on an annual basis. Ypsilanti is a terrific place to start a business and providing resources in that community will directly benefit the growth of our economy across the region.”


The Ann Arbor Ypsilanti SmartZone activities include providing startups with business acceleration and incubator services, creating networking opportunities, and leading talent attraction and retention efforts.


“The SmartZone funding extension acknowledges the LDFA is meeting the State’s expectations for helping early stage companies establish themselves and grow,” said Howard Lazarus, Ann Arbor’s city administrator. "Considering the number of high tech companies that have started here and continue to invest in our community, there’s no doubt that the entrepreneurial activity happening here is a positive impact on our economy."


“The MEDC’s goal is to stimulate economic development by providing the resources and support needed for startups to get established and grow in Michigan,” said Fred Molnar, MEDC vice president of entrepreneurship and innovation. “The continually demonstrated success of the Ann Arbor Ypsilanti SmartZone through job creation and funding plays an important role in our entrepreneurial ecosystem."


Read More at blog.annarborusa.org


Charter Township of Ypsilanti  •  7200 S. Huron River Dr. Ypsilanti, Mi 48197  •  (734) 484 - 4700

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