Michigan Good Food Fund Tops $10.5 Million Milestone in Statewide Good Food Investments

May 16, 2017

Michigan Good Food Fund Tops $10.5 Million Milestone in Statewide Good Food Investments

Projects span state and sector featuring retail and processing projects

DETROIT, MICH. MAY 17, 2017—Six food enterprises in Grand Rapids, Kalamazoo, Southeast Michigan, and the Upper Peninsula received financing from the Michigan Good Food Fund, marking more than $10.5 million in investments since its launch two years ago.

The $30 million fund was created to finance projects that increase healthy food access and spur economic opportunity in underserved communities in Michigan. It is a collaborative effort of Capital Impact Partners, Fair Food Network, Michigan State University Center for Regional Food Systems, and the W.K. Kellogg Foundation.

“These investments create jobs and provide access to healthy food in the Michigan communities that need it most,” said fund spokesperson and manager Mary Donnell. “It’s fueling entrepreneurship in our state while benefiting Michigan growers and building healthier communities.”

Investments include:

GRAND RAPIDS

KALAMAZOO

SOUTHEAST MICHIGAN

UPPER PENINSULA

 

Michigan Good Food Fund is a $30 million public-private partnership loan fund that provides financing and business assistance to good food enterprises that benefit underserved communities across Michigan. MIGoodFoodFund.org | Facebook | Twitter @MIGoodFoodFund

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