The Michigan Good Food Fund is providing $385,000 in Catalytic Investment Awards to support enterprises that increase access to healthy food in Michigan.
Awards from $50,000 to $75,000 will be granted to enterprises that demonstrate a clear ability to increase the availability of affordable healthy food and create jobs in the community.
Who Is Eligible to Apply? Michigan good food enterprises that are generating revenue, have not received a Michigan Good Food Fund award in 2018, and can utilize an award of up to $75,000 to scale the business and prepare for financing to support growth within the next 18 months. An eligible enterprise can be a non-profit organization, cooperative, or for-profit entity.
What is a Good Food Business? A good food business is a food enterprise that grows, processes, distributes, makes, and/or sells healthy foods - whole, natural, and minimally processed – making them accessible and affordable to residents at all income levels. Preference will be given to businesses owned by entrepreneurs of color and women, and businesses that create jobs in Michigan, source locally, and are good environmental stewards.
Permitted Award Uses. Uses include feasibility studies, business planning, predevelopment expenses, project management, construction, equipment, working capital, or inventory.
How to Apply? Applications must be submitted online by 11:59 pm Eastern Time, October 21, 2018. Awards will be announced in early November.
Questions? Please contact Mary Donnell, Program Manager, Michigan Good Food Fund, (313) 300-0104 or email@example.com.
The Michigan Good Food Fund is a $30 million loan fund that provides financing and business assistance to good food enterprises that benefit underserved communities across Michigan. Priorities include supporting increased access to healthy, affordable food; job creation; racial and social equity; environmental stewardship; and local sourcing. Learn more at MIGoodFoodFund.org and sign-up for updates at http://migoodfoodfund.org/email-signup/.