Zorn applauds business incubator funding for Lenawee Now

Sen. Dale Zorn

Sen. Dale Zorn

LANSING, Mich. Sen. Dale Zorn announced on Tuesday that Lenawee Now will be able to better help provide support and development services to area start-up technology companies thanks to a Business Incubator Program Award.

“Start-up companies need access to capital to grow, and this funding will help local tech entrepreneurs succeed,” said Zorn, R-Ida. “By helping innovative new businesses in our area thrive, we are also helping support continued economic growth and job creation — and that is outstanding news for Michigan families and workers.”

The Michigan Strategic Fund (MSF) awarded Lenawee Now, formerly known as the Lenawee Economic Development Corporation, $190,000 over two years for a new staff member who will be responsible for working with technology-based companies in the new Adrian/Tecumseh SmartZone.

The new gatekeeper will work with companies to navigate the entrepreneurial ecosystem, including assisting with Business Accelerator Fund and Pre-Seed applications.

Lenawee Now is one of five nonprofit or university organizations awarded a total of $800,000 on Monday by the MSF to provide business incubator services to early stage technology companies and institutions for commercializing competitive edge technologies.