Co-op Innovation Award
Capital Impact was born out of the need to support consumer and small business cooperatives working in low-income communities. The Co-op Innovation Award represents one part of our strategy to promote food, worker and housing co-ops. To date, we have provided over $80,000 in awards to support organizations who are helping to scale the cooperative model.
As part of our lending in Detroit, we are leading efforts among local business, nonprofit and civic leaders to create strategic cross-sector partnerships that accelerate economic growth in this historic city. Projects launched through this effort support entrepreneurship, job growth and inclusive mixed used development in Detroit’s key urban corridors.
Michigan Good Food Fund
Through the Michigan Good Food Fund, our lending to food enterprises working to increase access to healthy food for Michigan children and families is bolstered with business assistance. Assistance includes online and in-person courses, deeper dives for selected enterprises, and one-on-one, targeted consulting. The goal? To help supported enterprises take their ventures to the next level and build a pipeline of investment-ready projects for the fund: