Michigan Strategic Fund names angel to board
A Grand Angel is the latest member of the Michigan Strategic Fund’s board.
Michigan Gov. Rick Snyder appointed this month two members to the fund’s board of directors: Jody Vanderwel, president of Grand Angels in Holland, and Terri Jo Umlor, chief financial officer, executive vice president, and human resources director of Springfield in Kingsley. The pair replaces Richard Rassel, Jr. and Sabrina Keeley, respectively.
The Michigan Strategic Fund was created in 1984 to assist in promoting economic development and job creation in the state.
“Jody and Terri have tremendous financial backgrounds, and I look forward to the positive contributions they will make to the Strategic Fund board,” Snyder said.
Vanderwel will be on the board until the end of 2017. Umlor will be on the board until Dec. 31, 2015.
The appointments are subject to consent of the Senate.
“I am very appreciative of the opportunity to represent the people in the state of Michigan,” Vanderwel said.
She went on to state that she hopes to use her legal and investment background to be a good steward of the people, as well as the state as a whole.
Vanderwel was recruited in 2005 to become the president of Grand Angels, a West Michigan investment group that finances between $250,000 and $1 million dollars in entrepreneurial companies.
Grand Angels looks to make investments that have “a positive effect on our region through business growth, job creation and the attraction and retention of local talent,” according to the organization’s website.