Could your good food business use an investment?
The Michigan Good Food Fund is excited to announce a new round of Catalytic Investment Awards designed to help mission-drive good food entrepreneurs take their businesses to the next level, including preparing for financing. Five Michigan businesses that are increasing healthy food access will be selected. $250,000 in awards will be distributed.
Applications are due Nov. 8
Who is eligible to apply? Michigan good food entrepreneurs that are in operation, generating revenue, and will utilize an award to scale business and prepare for financing within the next 18-24 months. An eligible enterprise can be a non-profit organization, cooperative, or for-profit entity.
What is a good food business? Michigan good food enterprises that grow, process, distribute, make, and/or sell healthy foods that are whole, natural, and minimally processed and are available 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.
Award Uses: Awards can be used for a range of purposes including feasibility studies, business planning, predevelopment expenses, project management, construction, equipment, working capital, or inventory.
How To Apply: Applications must be completed by 11:59 PM EST November 8, 2019 with awards announced in early December.
Catalytic Investment Awards: The Catalytic Investment Awards are designed to fuel the success of mission-driven enterprises and help them prepare for financing.
Questions? Contact Michigan Good Food Fund program manager Mary Donnell at 313.300.0104 or email@example.com.