Michigan Healthy Food Loan Fund Passes $10M in Investments - Fair Food Network

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Michigan Healthy Food Loan Fund Passes $10M in Investments

Associated Press

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A loan and grant fund designed to boost access to healthy food in underserved Michigan communities has made more than $10 million in investments.



LANSING, Mich. (AP) — A loan fund designed to boost access to healthy food in underserved Michigan communities has made more than $10 million in investments.




The two-year-old Michigan Good Food Fund announced Wednesday it surpassed that mark through financing six enterprises in southeastern Michigan, Grand Rapids, Kalamazoo and the Upper Peninsula. The $10.5 million in financing also aims to spur economic opportunity through the creation of community stores, cafes and food processing centers.




Projects include a Kalamazoo market anchoring a rehabilitated retail strip and a healthy food cafe in a Marquette library. Another recipient is a kitchen and processing center in the Detroit suburb of Inkster serving three food companies.




The public-private partnership includes the W.K. Kellogg Foundation, Fair Food Network, Michigan State University’s Center for Regional Food Systems, and Capital Impact Partners.




Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

First posted on AP May 17. 2017.


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