West Central Tribune: New angel fund ready to invest in west central Minnesota

EXCERPT: “After being in the works for several years, a local angel fund now has nearly $1.4 million ready to invest in private companies that have the potential for profitable growth. Based in Willmar, the West Central Angel Fund I LLC officially began accepting applications this fall from “early to middle stage” private business ventures that need a minimum of $100,000 in investment capital. ‘Access to capital is critical to economic strength in a community,’ said Connie Schmoll, business development specialist with the Kandiyohi County and City of Willmar Economic Development Commission, in a news release announcing the fund. ‘Financial support for entrepreneurs and start-up businesses requires funds in addition to traditional bank financing,” Schmoll said. “West Central Angel Fund I was created to address this need.'” FULLSTORY: http://bit.ly/2j5D5qr