Northern Michigan Foundation is a rural-relending fund established partnership with the U.S. Department of Agriculture (USDA). We are a non-bank financial institution designed to fill the financing gap between typical bank financing and the capital needs of Michigan businesses. The Foundation is financially strong, with investment capital under management of over $1,750,000 and is staffed by professionals with extensive business experience who understand the difficulties entrepreneurs face.
- Northern Michigan Foundation provides financing and management assistance.
- Northern Michigan Foundation makes loans to businesses in Northern Michigan with the objective of fostering job growth and economic development.
- Northern Michigan Foundation can provide access to all government economic development programs through its business consulting services.
- The Northern Michigan Foundation can also assist management to prepare and improve its business plan and suggest cost savings in its business operation.
- Northern Michigan
Who are we?
Northern Michigan Foundation is a non-profit founded in 1995 and managed by the staff of the Michigan Business and Industrial Development Company.
How have we helped?
Northern Michigan Foundation and its affiliate the Michigan Business Industrial Development Company have arranged thirty-five investments, amounting to a total of $16,596,800 at original cost. Our own funds have been used to attract a total of over $275,311,800 in capital investments in these businesses in Michigan. Through our efforts over 1,000 high paying jobs have been created in Michigan over the past ten years.