business formation News Archive - 27-Jan-2008

Cleveland+ Region Attracts $318 Million in New Venture Investment in 2007 (PR Newswire via Yahoo! Finance)
Last year the NorTech Venture Capital Advisory Task Force reported in its inaugural 2006 Venture Capital Report that the region would need to generate and attract over $1.2 billion in venture capital by 2011 in order to meet the capital needs of companies located in Northeast Ohio.

Midwest Health Care Startups Raise Record $1.2 Billion in 2007 (Business Wire via Yahoo! Finance)
CLEVELAND----Midwest health care startups attracted a record $1.2 billion in new investments in 2007, according to the Midwest Health Care Venture Investment Report released by BioEnterprise.

California United Bank Attains Profitability in Second Full Year of Operations; Total Assets Reach $260.0 Million (Business Wire via Yahoo! Finance)
ENCINO, Calif.----California United Bank announced today that it reached profitability in only its second full year of operations. The Bank's unaudited results showed that net income for the year ended December 31, 2007 increased by $2.96 million over 2006, resulting in net earnings of $29.0 thousand for the year ended December 31, 2007.

Midwest Health Care Startups Raise Record $1.2 Billion in 2007 (wallstreet:online AG)
Midwest health care startups attracted a record $1.2 billion in new investments in 2007, according

California United Bank Attains Profitability in Second Full Year of Operations; Total Assets Reach $260.0 Million (Centre Daily Times)
California United Bank (OTCBB: CUNB) announced today that it reached profitability in only its second full year of operations. The Bank's unaudited results showed that net income for the year ended December 31, 2007 increased by $2.96 million over 2006, resulting in net earnings of $29.0 thousand for the year ended December 31, 2007. In addition, total assets at December 31, 2007 grew by $81.8 ...

First City Capital Launches Specialty Medical-Dental Program (Marketwire via Yahoo! Finance)
First City Capital equipment leasing company and its funding partners have announced the launch of a healthcare financing program specifically designed for medical and dental professionals. Licensed medical and dental business owners will now have access to 250K in working capital and 250K in medical or dental equipment financing with no time-in-business requirement or financials.

 

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