Growing Sustainable Agricultural Enterprises in Rural North Carolina

Organization:

Natural Capital Investment Fund, Inc.

Amount:

$100,000.00

Program Area:

Open Grants Program

County of Applicant:

Orange

Year:

2008

Description:

The purpose of this Golden LEAF grant is to support Natural Capital Investment Fund (NCIF), a Community Development Financial Institution (CDFI) whose mission is to provide debt and equity financing to small and emerging natural resource-based businesses that will advance sustainable economic development in North Carolina. This project will provide technical assistance and “patient” risk capital – subordinated debt and equity – to farmers and food processors, value-added food producers and agriculture-based renewable energy and ecotourism that will provide employment, help sustain environmentally friendly businesses and increase the tax base. Golden LEAF funds will be used to support operations of the program.

Contact:

Mr. Richard Larson77 Vilcom Center Dr., Suite 340Chapel Hill, North Carolina 27514(919) 957-0113

Areas Served:

Statewide

Any project more than a couple of years old may not reflect current Board priorities.
Please contact a staff member with any questions.