2020 Annual Report

Invest Detroit Board

• Matthew P. Cullen — ChairmanPrincipal and Chairman of the Board, JACK Entertainment
• Roderick D. Gillum — Vice ChairmanChair, Board Governance and Nominating Committee (through Oct. 2020); Partner, Jackson Lewis, P.C.
• John BlanchardDirector of Local Government Relations, General Motors
• JoAnn ChàvezSenior Vice President and Chief Legal Officer, DTE Energy
• Antoine M. Garibaldi, Ph.D.President, University of Detroit Mercy
• Wright L. Lassiter, IIIPresident and CEO, Henry Ford Health System
• Wendy Lewis JacksonManaging Director, Detroit, The Kresge Foundation
• Richard A. ManoogianChairman Emeritus, Masco Corporation
• Charles G. (Chip) McClureChair, Board Investment Committee; Managing Partner, Michigan Capital Advisors
• Jerry Norcia (through April 2020)President and CEO, DTE Energy
• Chris RizikChief Executive Officer, Renaissance Venture Capital Fund
• Alan S. SchwartzChair, Board Audit and Finance Committee; Partner, Honigman
• Suzanne ShankPresident and CEO, Co-Founder, Siebert Williams Shank & Co., LLC
• Gary TorgowExecutive Chairman, TCF Financial Corporation
• Laura TrudeauChair, Board Governance and Nominating Committee; Principal, Trudeau Consulting, LLC
• David BlaszkiewiczEx-Officio Board Member; President and CEO, Invest Detroit
• Sarah McClelland (through June 2020)Ex-Officio Board Member; Chief Operating Officer, Invest Detroit
• Paul Trulik - Secretary & TreasurerPresident, Apparatus Solutions, Inc.
• Donald Kunz - Board Legal AdvisorPartner, Honigman

Invest Detroit Staff

• Darnell AdamsVice President, Program Implementation
• Maureen AnwayAssociate Vice President, Neighborhoods
• Nate BarnesAssociate Vice President, Neighborhoods
• Jason BarnettSenior Vice President, Lending
• Benjamin BernsteinPrincipal, ID Ventures
• David BlaszkiewiczPresident and CEO
• Ross CampbellSenior Associate, Loan Accounting
• Keona CowanExecutive Vice President, Lending and Chief Lending Officer
• Martin DoberSenior Vice President, Venture and Managing Director, ID Ventures
• Valerie DoyleAssociate Vice President, Portfolio Management
• Derek EdwardsSenior Vice President, Lending
• Shannon FerriniExecutive Assistant
• Elizabeth FreitasVice President and Head of Portfolio Management
• Brittany FritschAssociate Vice President, Finance and Accounting
• Amber GladneySenior Vice President, Administration and Operations
• Patricia GlazaExecutive Vice President, Venture and Managing Director, ID Ventures
• Danielle Graceffa (2021)General Counsel
• Jamie Grimaldi, CPASenior Vice President, Finance and Accounting
• Jennifer HayesSenior Vice President, Operations and Policy
• Randy HydeSenior Vice President, External Relations
• Kathi KucharskiVice President, Grants Administration
• Carrie Lewand-MonroeExecutive Vice President, Strategy and Programs
• Zhao Ma (through March 2021)Analyst, ID Ventures
• Lindsey Marvicsin (through April 2021)Associate, Portfolio Management
• Colleen MattiaAssociate Vice President, Credit
• Allison MurdockAnalyst, ID Ventures
• Sarah McClelland (through June 2020)Chief Operating Officer
• Thomas Million (through April 2020)Senior Vice President and Chief Credit Officer
• Therese Nottingham, CPAVice President, Loan Accounting
• Jeff Ponders II (2021)Principal, Portfolio Success, ID Ventures
• Ashwin Puri (through May 2020)Associate, ID Ventures
• `Tember SheaPortfolio Manager, ID Ventures
• Michael R. SmithVice President, Neighborhoods
• Todd SurianoVice President and Senior Loan Underwriter
• Tosha Tabron (through January 2021)Senior Vice President, Lending
• Cristina ThibodeauExecutive Assistant
• Marcia VenturaSenior Vice President, Lending
• Mike ViereggeSenior Vice President, Lending
• Jason ZalewskiVice President and Senior Credit Officer

CDE Board Members

• David Blaszkiewicz – ChairmanInvest Detroit
• Kenyetta BridgesDetroit Economic Growth Corporation
• Joshua R. EllingJefferson East, Inc.
• Susan MoseyMidtown Detroit, Inc.
• Tahirih ZieglerDetroit LISC

Investment Committee

• James BlanksFirst Independence Bank (Retired)
• Kenyetta BridgesDetroit Economic Growth Corporation
• Melinda ClemonsEnterprise Community Partners
• Freddie DuBosePAINIA Development Corporation
• Richmond HawkinsDetroit Development Fund
• Steven HilfingerFoley & Lardner LLP
• Jed HowbertGreatwater Opportunity Capital LLC
• Phillip GoyKPMG
• Joel KellmanDykema
• Tom LakocyJ.P. Morgan Securities, LLC
• Denise LewisHonigman (Retired)
• Gregory MickensEdward Jones
• Tim Monahan (through August 2020)KPMG
• Gregory NelsonPulte Corporation (Retired)
• Michael RhodesJPMorgan Chase & Co.
• David SchostakSchostak Brothers & Co.
• Aaron SeybertThe Kresge Foundation
• Eliot Stark

Oversight Committee

• Thomas LakocyJ.P. Morgan Securities, LLC
• Denise LewisHonigman (Retired)
• Gregory NelsonPulte Corporation (Retired)
• Aaron SeybertThe Kresge Foundation
• Eliot Stark

Advisory Committee

• James S. BernackiComerica Bank
• Stacy EsbrookEnterprise Community Partners
• Bryan HogleThe Kresge Foundation
• Malinda L. JensenDetroit Economic Growth Corporation
• Katy LockerBridge Michigan
• Michael B. ShawHudson-Webber Foundation
• William SmithDetroit RiverFront Conservancy
• Paul TrulikApparatus Solutions, Inc.
• Nathaniel L. WallaceJohn S. and James L. Knight Foundation
• Ray WatersDetroit Development Fund
• Joseph ZayanceHuntington Bank
• Tahirih ZieglerDetroit LISC
• Susan Mosey - Program Partner RepresentativeMidtown Detroit, Inc.
• Robert Gregory - Program Partner RepresentativeDowntown Detroit Partnership

First Capital Fund Committee

• Chris Rizik – ChairmanRenaissance Venture Capital Fund
• Patricia GlazaInvest Detroit
• Jack AhrensTGap Ventures, LLC
• Karl BellGAA New Ventures LLC
• Adrian FortinoMercury Fund
• Rob Jandernoa42 North Partners
• Alisyn MalekCommission of the Future of Mobility
• Charlie MoretInvest Michigan
• Ray WatersDetroit Development Fund
• Nataliya Stasiw - ObserverMichigan Economic Development Corp.

Detroit Innovate Committee

• Jim AdoxVenture Investors
• Josh BeebeMK Capital
• Martin DoberInvest Detroit
• Patricia GlazaInvest Detroit
• Tom PorterTrillium Ventures
• Ryan WaddingtonHuron River Ventures

Donor List

Special thanks to our community of philanthropic supporters who make this critical work possible.

• American Axle Manufacturing
• AT&T
• Ballmer Group
• Bank of America
• Blue Cross Blue Shield of Michigan
• Comerica Bank
• Community Development Financial Institutions Fund
• Community Foundation for Southeast Michigan
• William Davidson Foundation
• Fifth Third Foundation
• Flagstar Foundation
• Ford Foundation
• Ford Motor Company
• Hudson-Webber Foundation
• Huntington Bank
• JPB Foundation
• JPMorgan Chase Foundation
• W.K. Kellogg Foundation
• John S. and James L. Knight Foundation
• The Kresge Foundation
• Michigan Economic Development Corporation
• New Economy Initiative
• Penske Corporation
• Rocket Community Fund
• MacKenzie Scott
• Skillman Foundation
• TCF Bank
• Ralph C. Wilson, Jr. Foundation