Huntington Bank steps up with $7.5M for Detroit Renaissance VC fund

Huntington Bank has pledged $7.5 million to Detroit Renaissance's new venture capital fund.

Excerpt:

"They're making a bet on the region," said Detroit Renaissance President Doug Rothwell. "The unwritten story is that while the domestic auto industry is going through restructuring, there are other sectors that are growing and offer an opportunity. This is not a charitable fund. It's a for-profit fund, and it's good to see they think they can make a profit here."

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