It's About the People
At Great Lakes Capital Fund, we have known for years that the secret to economic development is people. Healthy, vibrant, sustainable communities only exist because of the people who care. Our local contacts around the Midwest help each community maintain their identity and uniqueness while striving to create safe and decent housing, good schools, neighborhoods and commercial districts with quality places for people to gather.
The CapFund provides financing not only for housing, but for other community development initiatives as well. Through New Markets Tax Credits and Develop Michigan, Inc. we support projects that bring improved jobs, goods and services tocommunities.
The Salvation Army’s new Ray and Joan Kroc Corps Community Center located in Chicago’s Pullman neighborhood was constructed on an abandoned industrial site on the city’s south side. The $62 million Kroc Center created more than 200 construction jobs, 100 permanent full-time jobs, 100 part-time jobs, 50 summer jobs and many internship opportunities. Learn more...
West Milwaukee Crossings
Located in West Milwaukee, a historically distressed area, this grocery store development helped add 100 direct jobs and approximately 200 indirect jobs. In addition, the West Milwaukee population benefits from the grocer’s focus on fresh food alternatives. The store is operated by Cermak Fresh Market, a grocer from the Chicago area, which specializes in fresh fruits and vegetables. Learn more...
ST Paper Mill
ST Paper, LLC is a locally-owned manufacturer, specializing in tissue and linerboard products for the paper industry utilizing 100% recycled fiber through an environmentally friendly process. Utilizing New Markets Tax Credits, ST Paper has been able to revitalize their facility by upgrading the equipment and restructuring their debt. Learn more...
Allegan Senior Residence
This project transformed the abandoned and obsolete old First Baptist Church and its surrounding complexes into beautiful senior living units, and a brand new community center. Learn more...