Category Archives: Venture North News

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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 […]

Community Childcare Forum Coming to Northern Michigan

High-quality child care is critically important for young children and their families. The Michigan Department of Education’s Office of Great Start (OGS) is seeking input on ways to improve access to and availability of high-quality child care across the state. OGS is gathering input from stakeholders in a variety of forums across the state to […]

Beverage Company Secures Energy Loan

A $31,430 Energy Efficiency Loan from Venture North and Traverse Light and Power Co. will help the Doblers make several energy saving upgrades throughout their store, located at 1116 Carver Street in Traverse City. Specifically, new high-efficiency LED lighting will be installed throughout the store, new refrigeration coils are being installed in the stores coolers […]

Venture North Makes First Missaukee Loan

The first business loan in Missaukee County from Venture North Funding & Development is helping a local automotive service garage start and grow its operation. A $30,000 loan from Venture North’s Working Capital Fund to 1st Chance Garage LLC south of Lake City helped launch the business in late November. Venture North is a regional […]

Venture North Assists in Housing Project

A land sale for a 1.7-acre parcel along Garfield Avenue in Traverse City has been finalized between Chemical Bank and TraverseCONNECT for a workforce housing development. TraverseCONNECT is the parent organization of the Traverse City Area Chamber of Commerce and Venture North Funding & Development. Chemical Bank sold the property to Venture North, which sold […]

Body Shop Takes Root with Venture North

Daryl Lehn continued to build a successful operation since taking over Traverse Board & Paint Center five years ago, but faced uncertainty when the future ownership of the building was in doubt. An $82,384 bridge loan from Venture North to help him purchase the building put the business on solid footing going forward, and significantly […]