Investing & Donating
in Building Community
Northern Initiatives partners with many community and private foundations, commercial and community banks, and credit unions to support the start and growth of small businesses.
Investments from foundations are put to work supporting small businesses right in their own communities. Read about A | M Floral and Gifts, helped in part by the Fremont Area Community Foundation; and the success of the Emmanuel Barbershop, with help from the Community Foundation for Muskegon County.
Through a Program Related Investment (PRI) a foundation can invest its own resources in a smart and tangible way. Often specific to a particular population or geography, this philanthropic capital can range from a term of 8-15 years and with a variable interest rate determined by the foundation.
Banks are our No. 1 referral partner and we often partner with them as a subordinate lender. But Northern Initiatives can also help them invest in their communities. By investing with Northern Initiatives, a bank knows its money will be put to work in the local community — and that investment will strengthen their Community Reinvestment Act (CRA) ratings. Banks and CDFIs can offer each other a lot, and the benefits of collaboration boost the bank, the CDFI, entrepreneurs, the community and even the economy as a whole. Northern Initiatives can help those that are currently unbankable access capital, strengthen their businesses and finances, and potentially be a new customers for the bank.
Ready to help businesses succeed?
Your support drives the growth of our communities. If you would like to support our mission financially, or by partnering with us, please contact us today!