Michigan Good Food Fund
Michigan Good Food Fund (MGFF) is a $30 million public-private partnership loan fund that provides financing to good food enterprises working to increase access to affordable, healthy food in low-income and underserved communities in Michigan.
Launched in 2015, the fund offers financing and business assistance to good food enterprises that grow, process, distribute, and sell healthy food that reaches those who need it most.
Supported projects are increasing access to healthy food, improving the health of children and families across Michigan, and sparking economic development and job creation in the communities that need it the most.
The Center for Regional Food Systems leads business assistance and pipeline development for agricultural production, aggregation and distribution, as well as processing projects. CRFS is one of four partner organizations that facilitate the core functions of the MGFF. The others are:
- Fair Food Network, a Michigan-based national nonprofit committed to pioneering solutions that support farmers, strengthen local economies, and increase access to healthy food, leads outreach and communications. It also provides business assistance and pipeline development for retail and small-batch processing projects.
- Capital Impact Partners, a nonprofit certified Community Development Financial Institution with a 30-year history lending to projects in underserved communities, manages the fund. It also leverages public and private investments from sources such as the federal Healthy Food Financing Initiative through the CDFI fund as well as private banks and foundations to support fund financing.
- W.K. Kellogg Foundation is one of the fund’s supporters and investors. It has made commitments in the form of grants, program-related investments, and mission-driven investments across the capitalization structure.
Many other partners were involved in the development of the MGFF.
For more information, view the Michigan Good Food Fund website: www.migoodfoodfund.org.