New Community Transformation Fund Completes First Close Of Second Venture Fund
GRAND RAPIDS – New Community Transformation Fund (NCTF), a statewide venture capital fund based in Grand Rapids, announced today the first close of its new $20 million Fund II. The public-private fund includes an investment of up to $9.8 million from the Michigan Economic Development Corporation’s Small Business Venture Program. The state investment requires NCTF to raise