Crain’s Detroit Business Lists Standout Companies Across State of Michigan, Great Lakes Capital Fund Only Small Company in Lansing to Receive Honor

Lansing—Great Lakes Capital Fund has been named one of Michigan’s 2012 “Cool Places to Work” by Crain’s Detroit Business. The Lansing-based nonprofit community development finance organization, also known as CapFund, or GLCF, was one of only two companies in Lansing and the mid-Michigan area to make the list.

“It is great to see GLCF amongst such an innovative and inspiring list of companies. We are committed to cultivating passion and an environment where each employee can thrive,” said GLCF President and CEO Mark McDaniel.

“Our whole culture is based upon trust and respect and we’ve been able to build upon that to not only invest $2.5 billion across the Midwest in community development projects, but also become a pretty cool place to work—which is worth celebrating.”

Accident Fund, which competed in the 249 employee or more category, topped the Cool List in 2012.

“I’m thrilled to see the Capital City represented in Crain’s ‘Cool Places to Work.’ The Accident Fund’s inclusion comes as no surprise to many, but some may have been surprised to see Great Lakes Capital Fund on the same list,” said Lansing Mayor Virg Bernero. “While the mission and accomplishments of Great Lakes Capital Fund may be less iconic than the revitalized Ottawa Power Plant; the impact that GLCF has made in this community and hundreds more like it across the Midwest is tremendous.”

Great Lakes Capital Fund, which has satellite offices in Indianapolis, Chicago, Detroit and Madison, was founded in Lansing, Michigan in 1993. Today, the headquarters is in ReoTown, Lansing with about 40 employees working there.

Crain’s Detroit Business featured standout businesses in last week’s edition, which is part of an effort with the Best Companies Group to help employers identify best practices and areas of improvement.
GLCF will review employee feedback from the survey—which employees completed at a 100% participation rate—to become “an even cooler place to work!” Vice President for Human Resources Deb Toby enthusiastically said.

About GLCF:
Great Lakes Capital Fund helps socially responsible corporations invest in affordable housing and community economic development activities. GLCF raises capital from corporations and financial institutions, and invests these resources into real estate development partnerships in Michigan, Minnesota, Illinois, Indiana, Wisconsin and upstate New York. The partnerships receive essential equity for their developments. The investors receive a competitive internal rate of return on their investment through tax benefits; and the community receives high quality, affordably-priced housing and/or commercial developments that generate social and economic benefits for area residents. For more information please visit http://capfund.net.