(EDITOR’S NOTE: Meritus Ventures, which has an office in Oak Ridge, will be featured on national television this Sunday. It will be an upcoming episode of Business Update that will air at 5 p.m. EDT on Fox Business Network. The Meritus Ventures release follows.)
London, KY and Oak Ridge, TN – Meritus Ventures will be featured in an upcoming episode of Business Update, a news program focused on exploring the hottest business topics and trends from Main Street to Wall Street. The Business Update episode, which was produced by DMG Productions of Jupiter, Florida, will air on April 21, 2013 at 5:00 p.m. EDT on Fox Business Network. The segment will focus on the economic and social impacts of developmental venture capital, showcasing the Meritus Ventures team and portfolio of companies.
“We look forward to watching these stories unfold and are eager to provide our viewers with this behind-the-scenes look at the unique companies who are helping to stimulate our economy and expand business through the country,” said Sarah Cass, Creative Director for DMG Productions and the Business Update series.
“We hope this video helps dispel the myth that rural and low-income areas lack talented entrepreneurs and promising high growth investment opportunities,” said Ray Moncrief, co-founder and co-manager of Meritus Ventures. “Our team has a long track record of successful investing in under-invested areas like the U.S. Southeast and the Appalachian region, providing much needed capital and guidance to promising small businesses.”
“We are honored to be featured in Business Update as a leader in the field of developmental venture capital,” added Grady Vanderhoofven, co-founder and co-manager of Meritus Ventures. “We invest time and capital to identify and support talented entrepreneurs and promising businesses in geographies that historically have not attracted venture capital. The growth of those businesses, and the wealth and jobs that have been created, are testaments to the multiple benefits of impact investing.”
About Meritus Ventures:
Meritus Ventures is the only Rural Business Investment Company (RBIC) in the United States. The $36.5M venture capital fund invests to realize attractive returns for the Fund’s investors while creating wealth and jobs in rural areas of central and southern Appalachia and Arkansas. In addition to providing investment capital, the Fund may provide operational assistance to its portfolio companies. For more details on Meritus Ventures and its investment profile and criteria, please visit: www.meritusventures.com.
Media Contact: Melissa Muendel, firstname.lastname@example.org, 865-220-1715