MACON – Entrepreneurs in Central Georgia now have a new resource to help take their concept from dream to reality: Central Piedmont Investment Group (CPIG). The group is the area’s first angel fund, providing financial resources as well as well as leadership and guidance for local startup companies.
CPIG will focus their efforts on new and existing companies, located in the region, that exhibit potential for high growth and economic impact. The organization’s goal is to positively impact the Central Georgia economy by assisting companies develop, thrive and stay in the area.
A group of local entrepreneurs has been working to create CPIG for over a year and have personally invested funds to start the company as a sign of their commitment to the local community and its economic revitalization. The individuals are all accredited private investors, with years of entrepreneurial experience, and will provide mentorship for the companies selected to receive funds from the group.
“This angel fund will allow us to provide local entrepreneurs with startup capital so they can secure additional funding resources to get off the ground,” said Stewart Vernon, founding member of Central Piedmont Investment Group and newly appointed entrepreneur-in-residence at Mercer University’s Innovation Center.
CPIG will work closely with existing business support agencies to bolster the impact of their work, fostering local startups and giving them the support needed to be successful. Partners include the Greater Macon Chamber of Commerce, Macon Economic Development Commission and NewTown.
“Many communities we compete with to attract companies have similar organizations and now Macon can say that as well. We are looking forward to working with Central Piedmont Investment Group to create a good environment to support and grow businesses in middle Georgia,” said Patrick J. Topping, senior vice president for the Macon Economic Development Commission.