W.K. Kellogg Foundation commits $3 million in fresh food financing

The W.K. Kellogg Foundation announced a $3 million commitment to provide capital for financing retail, production, processing and distribution of fresh food to reach lower-income communities in Michigan, Mississippi, New Mexico and New Orleans. The capital will be made available through the foundation’s mission-driven investment work in partnership with NCB Capital Impact (Capital Impact) of Arlington, Va., a Community Development Financial Institution.