WARREN – Five early-stage companies from Macomb, Oakland, Washtenaw and Wayne counties will receive $300,000 in funding from the Innovation Fund Macomb.

The fund is a $2.7 million effort to stimulate economic development and job growth among promising Detroit-area entrepreneurs and next-stage companies with high growth potential. Funding is provided by Macomb Community College’s Strategic Fund and JPMorgan Chase, as part of the bank’s $100 million commitment to Detroit’s economic recovery.

“The Innovation Fund is an important new way in which the college can directly support economic development while providing a different type of learning experience for our students,” said MCC president James Jacobs, PhD. “While classroom education is still important, education delivered in the workplace in collaboration with the economic drivers in our community and region positions our students and business community with a unique advantage.”

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