{"id":12152,"date":"2022-12-20T18:05:36","date_gmt":"2022-12-20T18:05:36","guid":{"rendered":"https:\/\/www.investupmi.com\/?p=12152"},"modified":"2022-12-20T18:05:37","modified_gmt":"2022-12-20T18:05:37","slug":"investup-announces-u-p-native-vince-nystrom-as-director-of-strategic-initiatives-and-fund-development","status":"publish","type":"post","link":"https:\/\/www.investupmi.com\/index.php\/2022\/12\/20\/investup-announces-u-p-native-vince-nystrom-as-director-of-strategic-initiatives-and-fund-development\/","title":{"rendered":"InvestUP announces U.P. native Vince Nystrom as Director of Strategic Initiatives and Fund Development"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"938\" height=\"623\" src=\"https:\/\/www.investupmi.com\/wp-content\/uploads\/2022\/12\/Vince-Nystrom.jpg\" alt=\"\" class=\"wp-image-12153\" srcset=\"https:\/\/www.investupmi.com\/wp-content\/uploads\/2022\/12\/Vince-Nystrom.jpg 938w, https:\/\/www.investupmi.com\/wp-content\/uploads\/2022\/12\/Vince-Nystrom-300x199.jpg 300w, https:\/\/www.investupmi.com\/wp-content\/uploads\/2022\/12\/Vince-Nystrom-768x510.jpg 768w\" sizes=\"(max-width: 938px) 100vw, 938px\" \/><figcaption class=\"wp-element-caption\">InvestUP welcomes Upper Peninsula native Vince Nystrom as the Director of Strategic Initiatives and Fund Devleopment.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">MARQUETTE, MI (December 19, 2022 ) &#8211; InvestUP is pleased to announce that U.P. native Vince Nystrom has joined its team as the Director of Strategic Initiatives and Fund Development. He will support business development across the Upper Peninsula with a focus on business retention, expansion, and attraction, and the development of strategic initiatives to accelerate economic growth throughout the region.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cI can\u2019t imagine anyone better positioned to take on this role,\u201d said InvestUP CEO Marty Fittante. \u201cVince has an incredible wealth of knowledge and experience that spans economic development, manufacturing, advanced technology, and more. He has partnered with the private sector, municipalities, universities, start-ups, business leaders, and government officials to retain and attract businesses and talent and to strengthen Michigan\u2019s business sector. Vince\u2019s return to the U.P. is a huge win for InvestUP and for the region as a whole.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nystrom plans to go beyond delivering the traditional economic development toolbox and services to focus on the company demand side. \u201cMy goal is to listen to the CEO and learn what the company\u2019s problems and pain points are \u2014 what\u2019s keeping the CEO up at night?\u201d Then we will work to help them solve individual challenges and build programs around common denominator issues.\u201d One example Nystrom provided was making connections across the supply chain to help Upper Peninsula companies resolve gaps while creating opportunities for other regional businesses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another goal that Nystrom and InvestUP share is to help companies identify and address opportunities for sustainability or growth. \u201cWe want to learn what their opportunities are and try to get creative about how InvestUP can support them,&#8221; Fittante explains. &#8220;The structure of InvestUP\u2019s team, board, local partnerships, and statewide connections enables one or two degrees of separation to potential solutions for a lot of issues. Vince is an important piece of that puzzle.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nystrom\u2019s work in the economic development sector traces back to 2002 at the Michigan Economic Development Corporation, where he worked on the launch of the 21st Century Jobs Fund, SmartZones, university initiatives, Technology Tri-Corridor Fund, and other start-up investment initiatives. After leaving the MEDC, he moved to Ann Arbor SPARK, where he led retention, expansion, and attraction efforts and then to the University Research Corridor, an alliance between Michigan State University, the University of Michigan, and Wayne State University to transform, strengthen and diversify Michigan\u2019s economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He returned to the MEDC in 2012 to lead the statewide business retention and expansion team. He also managed and helped create Michigan\u2019s Pure Michigan Business Connect initiative, matching buyers and sellers for future partnerships and contracts. In 2016, Nystrom joined Renaissance Venture Capital Fund as a partner. While there, he connected Michigan start-up companies with national venture capital funds, helping to generate over $2.3 billion in venture investment in Michigan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After twenty years in East Lansing, Nystrom is delighted to return home to the Upper Peninsula. \u201cI look forward to building new relationships and supporting the region\u2019s continued growth. InvestUP has done very impressive work in a relatively short amount of time. I\u2019m very excited to work alongside Marty and this dedicated team.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">####<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About InvestUP<\/strong><br>InvestUP is a private sector-led economic development organization keenly focused on driving economic growth across Michigan&#8217;s Upper Peninsula. Founded by the region&#8217;s leading private sector businesses and the region&#8217;s universities, its mission is to deliver business and job growth across the peninsula.<br>www.investupmi.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MARQUETTE, MI (December 19, 2022 ) &#8211; InvestUP is pleased to announce that U.P. native Vince Nystrom has joined its team as the Director of Strategic Initiatives and Fund Development. He will support business development across the Upper Peninsula with a focus on business retention, expansion, and attraction, and the development of strategic initiatives to [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12152","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>InvestUP announces U.P. native Vince Nystrom as Director of Strategic Initiatives and Fund Development - InvestUP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investupmi.com\/index.php\/2022\/12\/20\/investup-announces-u-p-native-vince-nystrom-as-director-of-strategic-initiatives-and-fund-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"InvestUP announces U.P. native Vince Nystrom as Director of Strategic Initiatives and Fund Development - InvestUP\" \/>\n<meta property=\"og:description\" content=\"MARQUETTE, MI (December 19, 2022 ) &#8211; InvestUP is pleased to announce that U.P. native Vince Nystrom has joined its team as the Director of Strategic Initiatives and Fund Development. 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