Michigan Good Food Fund 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. This includes the range of businesses that grow, process, distribute, and sell healthy food that reaches those who need it most. We provide flexible, patient capital to good food enterprises often overlooked by traditional banks. Lending is bolstered by business assistance to help entrepreneurs grow their ventures and prepare for financing.
Since its 2015 launch, the Michigan fund has invested more than $12 million in good food enterprises, supporting 300 businesses with financing or business assistance and created/retained 600 jobs across the state food value chain.
We’re on the lookout for Michigan-based food businesses that, with our support, can make a positive change in underserved communities. We evaluate businesses based on the following goals and priorities:
Healthy food Access: Increase access to healthy food as a means to improve the health of all Michigan residents.
Economic Development: Drive economic development and job creation to grow Michigan’s economy.
Racial & Social Equity: Ensure equitable access to food, jobs, ownership, and flexible investment capital.
Environmental Stewardship: Encourage sustainable environmental practices.
Local Sourcing: Increase the sourcing and supply of locally grown and regionally produced foods.
Strengthening Michigan’s good food chain.
Unlike other healthy food financing efforts that primarily focus on retail, we are committed to supporting projects across Michigan’s food value chain including production, processing, distribution, and retail projects that increase access to “good food,” meaning food that is healthy, green, fair, and affordable. This is a first-of-its-kind effort working to create financial and social impact throughout the food value chain.