Get Fresh News in Your Inbox
Sign up for our e-newsletter to see what's possible when we start with food.
Since 2013, we have fueled the success of local food entrepreneurs in our home state of Michigan and beyond. Our Fair Food Fund is an impact-first investment fund housed within our nonprofit that creates innovative financial products to support food entrepreneurs who nurture the health and vitality of their communities.
Together with our network of national lenders, we believe that food and farm businesses are powerful engines for positive economic development in their local communities. When we invest in these businesses, we amplify their impact to strengthen local food systems and make affordable, healthy food accessible to all.
Join us to make an impact. We are raising capital and support to food entrepreneurs transforming their communities for good.
Over the past 10 years, we’ve supported 59 businesses, deployed $7.03M dollars, and had an annualized loss rate of .73%, or 9.2% cumulatively.
Our capital niche is often intentionally below-market, concessionary, or otherwise non-traditional.
Our investment fund holds two revolving pools of capital—the Collateral Pool and the Direct Investment Food Systems Change Pool. Both facilitate capital stacks for high-impact food businesses that have struggled to find financing from traditional lenders, including banks, food venture capitalists, and CDFIs.
The Collateral Pool is a revolving pool of catalytic capital designed to unlock more capital for entrepreneurs traditionally seen as higher risk by other business lenders. Through this pool we offer collateral, loan guarantees, interest rate buy-downs, and working capital grants, to facilitate the infusion of more fair capital into food enterprises.
Partners: Banks, credit unions, CDFls, and private loan funds that are hesitant to deploy capital in our impact areas.
Typical Investment Range: $10,000-$250,000
Return: While we revolve this capital, it typically does not produce return on investment over time and has a slowly declining balance.
Results: As of August 31, 2024, we have made 37 investments, deployed $960,000, and leveraged $3.9 million externally.
The Direct Investment Food Systems Change Pool is a revolving suite of flexible direct investment products designed for modest return and high impact. Our funds both absorb risk and provide capital when traditional financing options are insufficient. Products include below market-rate loans and micro-loans, creative loan structures, equity, near-equity, and working capital.
Partners: In this pool, partners are the good food businesses and operators themselves.
Typical Investment Range: $10,000-$25,000 for micro-loans; $50,000- $250,000 for other products
Return: We deploy and invest these funds for impact first, while achieving a rate of return that enables the Fund to meet its repayment obligations on its investment capital.
Results: As of August 31, 2024, we have deployed $5.8 million across 44 investments.
Locally-rooted food businesses create a foundation for healthier, more livable communities. By supporting entrepreneurs who are deeply invested in their neighborhoods, we unlock boundless potential.