Battle Creek’s Dedication to Small Business

November 15, 2018

Through extensive research, and listening to those who live and work in Battle Creek, it is clear that creating quality jobs and small business development are top priorities for our community.

Understanding that new and growing businesses need access to capital in order to thrive, the community-wide $10 million Battle Creek Small Business Loan Fund was established by the W.K. Kellogg Foundation (WKKF) this past summer.

Starting with a $1 million kickoff investment, and major contributions from the Kellogg Company, Battle Creek Unlimited and The Miller Foundation, the Kellogg Foundation has committed to matching local investments 2:1.

This fund is available to members of the Battle Creek community, or those who are looking to open a business in Battle Creek. To date, $6.4 million has been contributed, meaning the fund is well on its way to reach the $10 million goal.

Local investors are the lifeblood of this fund, and those who are willing to support this initiative will be helping to contribute to a brighter and more prosperous economic future for Battle Creek.

Small businesses not only bring about great pride in local communities, but they provide jobs and opportunities for people to achieve financial success and independence.

The U.S. Small Business Administration recently estimated that three in five new jobs in the United States are created by small businesses, and that small businesses accounted for 61.8 percent of net new jobs from the first quarter of 1993 until the third quarter of 2016.

We encourage entrepreneurs and those who are considering opening a new small business in Battle Creek to explore the opportunities that are now available because of this generous fund.

We are proud to live in a city where community leaders foster and accelerate the growth of new businesses. Together we can ensure that all children and families thrive in Battle Creek.

Battle Creek is open for business, and we can’t wait to see how this fund will positively impact our community as a whole.

If you are interested in investing, please contact Terri Govern at tgovern@northerninitiatives.org or (906 226-1670). Kellie Hoffman is the local loan officer working with interested business owners and entrepreneurs and can be reached at 269-224-6940.

 

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