The Farmington Hills-based Chaldean American Chamber, which represents approximately 25,000 Chaldean-owned businesses around the state, on Wednesday announced that it had launched the $5 million Ark Angel II Fund to invest in startups in Michigan and elsewhere.
Read MoreIvan Jaddou has taken anything but a traditional Chaldean path. He forged his own way, forcing himself into one of the world’s toughest industries, mainly through sheer hard work and inspired drive. At every turn, Jaddou proved that he can compete with and should be ranked among the world’s top shoe designers.
Read MoreIn 2020, the Chaldean American Chamber of Commerce started the Ark Angel Fund as a way to bring the startup market to Chaldean investors. In addition, it supports emerging businesses that can make a difference in the region. The first iteration of the Ark Angel Fund succeeded in raising a total of $1 million from 32 investors. All of the funds have since invested in seven different startup companies across several different sectors. While the Fund hears all kinds of pitches, it tends to focus most of its attention on innovative companies in the technology sphere.
Read MoreIt was a marketing professor at Wayne State University that lured Amanda Elias away from her private sector job to her current home as a Senior Advisor to Detroit Mayor Mike Duggan. “The way he talked about Detroit changed how I look at the city,” said Elias. She wondered why people were spending all of their money in the suburbs and wondered if Detroit could capture these dollars.
Read MoreMasood Ayar is a third-generation sesame butter miller.
Read MoreSecuratech, a security company owned by Rudy Patros, had its grand opening at a new location on Farmington Hills. The event was celebrated in tandem with the U.S. Army and the Great Lakes Army Recruiting Battalion.
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