ITC Holdings Invests $500,000 In Grand Rapids Community Transformation Fund
GRAND RAPIDS – New Community Transformation Fund, a Grand Rapids-based venture fund aimed at boosting businesses owned by people of color in West Michigan, announced it has received a $500,000 investment from Novi-based ITC Holdings Corp., the nation’s largest independent electricity transmission company. With the investment, NCTF has raised $11.75m since its inception in 2020.