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Board approves Community Advancement Reinvestment Fund pilot: first round to use interest from $2 million endowment
Summary
The board approved guidelines and an application process for a Community Advancement Committee reinvestment fund pilot. The first application window will run March 1–31 with about $15,000 expected to be available from interest on a $2 million investment; the committee will recommend awards to the full board.
Montcalm County commissioners approved rules and an application to launch a community reinvestment pilot administered by the Community Advancement Committee.
Vice Chairman Peterson outlined a pilot in which the county would use interest earned on a $2 million investment to seed grants for municipal, township and nonprofit projects in the county.…
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