Category Archives: Venture North News

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Hague Equipment Expand Exploration Work

One of the great stories in U.S. business is the resurgence of the domestic oil and gas industry and its role in creating more energy independence in the country. Venture North is helping one local company increase its oil and gas exploration efforts as part of the trend. Hague Equipment Co. of Michigan Inc. and […]

Thimbleberry Kids Adds Operational Tools

Lee Perry purchased Thimbleberry Kids – a children’s and infant clothing and accessory re-sale shop in Traverse City – two years ago. With the help of Venture North, she’s planning to significantly raise her businesses’ profile. Perry’s $35,000 loan from Venture North’s USDA fund will be used for a variety of steps to heighten visibility […]

Bergs Drill for Business Growth

Northern Michigan’s growing economy means new homes and commercial buildings going up across the region. Many of those structures – especially in rural areas – need water service – and that’s where Berg Well Drilling steps in. Doyle Berg is a third generation owner of the business, who recently secured two Venture North loans totaling […]

45th Parallel Lighting Heads for Phase Two

It’s also the second time Dakota Porter and his brother, Garrett, have turned to Venture North to support their business. They received a $2,500 Sub Micro Loan in Fall 2013, to help launch their business. Their latest financing will help them continue to expand and market their growing product line. Dakota said the “second generation” […]

Local Resort Reduces Energy Costs

This Energy Efficiency Revolving Loan Fund is available to TCL&P commercial and industrial customers to make their businesses more energy efficient by investing in infrastructure upgrades. Applicants complete a pre-qualification application through Venture North’s website and a Loan Review Committee will scores applications based on criteria that includes proven reduction of electric demand at peak […]

USDA Expands Venture North Support

The USDA funds are in the form of a one percent loan with a 30-year payback period. To receive the USDA funding, Venture North will make an additional commitment of $54,000 from existing funds. Venture North also receives support from other organizations including Consumers Energy. “We’re extremely grateful to the USDA for its ongoing support […]

Consumers/DTE Energy Boost Venture North

Contributions from the Consumers Energy Foundation and DTE Energy Foundation totaling $120,000 toward operations at Venture North Funding & Development were presented at the organization’s recent annual meeting. Representatives of the Consumers Energy Foundation announced a $30,000 annual commitment to Venture North for each of the next three years, while DTE Energy Foundation officials also […]

Keeping Kids Bodies Busy

Garms said while there are numerous outdoor play sites for children locally when the weather is good. But those options are much more limited during inclement weather or over our winters. “There are a lot of outdoor places around here,” Garms said. “But when it rains or snows, it shuts a lot of those places […]

Consumers Energy Foundation Grant Strengthens 5toONE

A first-of-its-kind early childhood development network that continues to expand across the 5-county region received another major boost from the Consumers Energy Foundation. David Mengebier, Senior Vice President of Consumers Energy and President of the Consumers Energy Foundation, recently presented the Great Start Collaborative Traverse Bay a $60,000 to support continued implementation of its 5toONE […]