In Minnesota, about $97 million will be targeted to investments in early-stage companies as well as loans and loan guarantees, all for small businesses.
Michigan will spread $237 million over direct equity-based capital investing as well as loans and loan guarantees, especially in the manufacturing and technology industry sectors with the potential to create high-wage jobs.
Iowa will use its $96 million in four programs, including two venture capital funds, to invest in seeds and early-stage startups and to provide low-interest loans to similar young companies.
Those are just three examples of how the State Small Business Credit Initiative, a



