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

Northern Initiatives President Elissa Sangalli, shown here with CEDAM board member Charlotte Smith, was named Leader of the Year by CEDAM…
Read More
Elissa Sangalli and Jennifer Hayes testified before the Michigan State Senate March 6. They talked to the LEO/MEDC Appropriations Subcommittee about the importance of CDFIs…
Read More
As Michigan continues to face record high winter temperatures, Governor Gretchen Whitmer urged Michigan small businesses impacted by lack of snow to apply for federal…
Read More