A new group in the Grey Bruce area wants to invest in and mentor entrepreneurs with growth aspirations.
Facilitator Stan Disbalis says the Bluewater Angel Investor Group is prepared to invest about $5-million of their own money in growing local companies.
"Companies that are in transition or companies that want to locate here but need local contacts and some local financing. The Angels will assess those applicants, and if they're interested they would make an individual choice as an angel or a group of angels to invest," he explains.
He says there are about 26 angel groups in the province, but this is the first for the reigon.
He says the investors obviously hope to make money, but their main goal is local economic growth.
They already have four applications after launching the organization this week.
Entrepreneurs can go to BluewaterAngels.ca for more information
*in a previous post it the website in the story was listed as BluewaterAngels.com, it is BluewaterAngels.ca and the correction has been made in the above article.
