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

Joy Leger, who went through Northern Initiatives' Business Planning course in Battle Creek, is launching her rollerskating business, Good Vibez. A multi-week small business course…
Read More
Traverse Magazine updated its feature on Applecore General Store just in time for Mother's Day. The store, nestled in the beautiful Les Cheneaux region, is…
Read More
Since the dawn of entrepreneurism, some small business owners have loved organizing information for and about their businesses. They’ve enjoyed creating systems and implementing them.…
Read More