News

Regenerative Economies from a CDFI Perspective

Regenerative Economies

In Michigan, Creating More Resilient Local Economies From the Ground Up

Elissa SangalliNext City conducted a Q&A with Northern Initiatives President Elissa Sangalli about the crucial role CDFIs play in shifting local economies from being extractive to community-focused. Here’s a sample:

 

What has been your focus in Michigan cities?

 

We are still committed to supporting rural businesses, but in the last five years increasing the number of people of color-owned businesses we support is one of the top priorities in our strategic plan and we’ve been working hard in Michigan’s urban community to deploy more capital.

 

We thought about how to create more sustainability. We also tracked funds to support businesses owned by people more socially or economically disadvantaged.

 

We also have a new program for small business energy efficiency — another part of building a more regenerative economy.

 

Click here to read the entire Q&A in Next City.
 

Click here to read more news.

 

 

 

 

More News Stories

Snackwerks, a longtime Northern Initiatives customer, continues to amaze us with their workforce initiatives. The latest, an English as a Second Language class, is yet…
Read More
  This is an essay by Dennis West, past-president of Northern Initiatives, that is still oh-so-relevant. As long as I have been involved in this…
Read More
This article in Second Wave talks about food innovators who stayed in Battle Creek after they had left Kellogg. Jeff Grogg of Snackwerks is mentioned;…
Read More