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Venture North Handled $526,260 In 2021 COVID Relief Grants
Foundation: DTE Energy Foundation, Grand Traverse Regional Community Foundation, Leelanau Township Community Foundation, Petoskey-Harbor Springs Area Community Foundation
"It's a joy to work at Venture North," says the nonprofit's president. "For us, that joy comes from working arm-in-arm with hundreds of small businesses, community leaders, philanthropic interests ranging from private individuals to large foundations, and, of course our partners with business, nonprofit organizations and governments at all levels."
Venture North Funding and Development in Traverse City, Mich., has helped more than a dozen local businesses secure more than $1 million in loans and grants over the past two years, MLive.com reports.
Venture North's revolving loan program has provided more than $1.2 million in loans to 12 local companies, half of which are startups and half owned by women, per a press release.
Many of the businesses Venture North helped in 2021 are still in business, 95% of which received grants in 2021.
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Social Entrepreneurship
Spotlight
Social Enterprise: Reaching Out to the Private Sector for Help
John Converse Townsend, a Forbes contributor, shares what can the private sector do for a social enterprise. He encourages social enterprises to reach out to corporations for help to scale up their businesses.