Growing Michigan's Good Food Future: An Evaluation of the Michigan Good Food Fund 2015-2019DOWNLOAD
September 2, 2020 - Author: Michigan Good Food Fund
Launched in 2015, the Michigan Good Food Fund (MGFF) is a $30 million public-private partnership loan fund that serves good food enterprises. The program aims to strengthen underserved communities across Michigan by increasing healthy food access, economic development, racial and social equity, environmental stewardship, and local sourcing. To accomplish these objectives, the MGFF brings together a diverse set of technical assistance providers and financial intermediaries to support good food enterprises across Michigan through technical assistance, grants made as Catalytic Investment Awards, and loans. The MGFF’s model represents an innovative approach to healthy food financing in its reliance on a network of technical assistance providers and lenders, its focus on supporting good food enterprises across the food value chain, and its commitment to racial and social equity.
As of fall 2019, the MGFF had served 179 businesses through technical assistance, Catalytic Investment Awards, and loans. One hundred forty-nine (149) businesses had received MGFF technical assistance, 26 businesses received MGFF Catalytic Investment Awards totaling $885,000, and 31 businesses received MGFF loans totaling $12,063,200.
The program’s support has strengthened these businesses’ capacity, fostering more sustainable, inclusive food systems and economies across Michigan. In pioneering a new approach to healthy food financing, the Michigan Good Food Fund has produced learnings for practitioners across the industry in this evaluation report.
This report was originally published on the Michigan Good Food Fund website.