Venture North Funding & Development is a regional non-profit economic development division formed through the recent consolidation of the Chamber Foundation and the Traverse Bay
Economic Development Corporation. As the economic development division of TraverseCONNECT, we provide business financing and other services across the 10-county
region, and explores opportunities to expand regional, state and national partnerships.
Venture North currently administers existing loan funds of $5 million, with a portfolio of close to $2 million already at work for some four dozen businesses in the region. We work with
numerous partners in the private and public sectors including Fifth Third Bank, the U.S. Department of Agriculture, Michigan Economic Development Corp., Northern Initiatives,
Traverse City Light and Power Co. and others.
Venture North provides business funding in the 10-county region. We can also help companies connect with other available local and state resources, and partner with other financial institutions on business start-ups, expansions and related growth projects.
The mission of Venture North is to support the region’s economic growth and community development efforts by providing funding options, offering technical assistance, and building connections for viable businesses, including low-to-moderate income communities.