- Associated Press - Monday, June 15, 2015

LANSING, Mich. (AP) - A loan and grant fund announced Monday in Lansing is designed to address the lack of access to healthy food in underserved communities across the state.

Organizers with the Michigan Good Food Fund are seeking potential borrowers, investors and others to get involved.

The fund will provide financing and business assistance to entrepreneurs involved in food production, distribution, processing, marketing and retail projects. The goal is to raise $30 million.

“The fund will also be an incredible opportunity for food entrepreneurs, harnessing capital and growing strong, local economies,” said Oran Hesterman, Fair Food Network president and Chief Executive.

Partners include the W.K. Kellogg Foundation, Fair Food Network, Michigan State University’s Center for Regional Food Systems, and Capital Impact Partners.

“One in five Michigan residents live in lower-income communities with limited access to the nutritious fruits and vegetables they need to thrive,” said La June Montgomery Tabron, W.K. Kellogg Foundation president and Chief Executive. “The Michigan Good Food Fund is fueling our state’s good food economy and increasing access to healthy food with direct benefits for our most vulnerable children and families.”

Other community events will be held Thursday in Grand Rapids, June 22 in Detroit and June 29 in Traverse City.

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