Revolving Loan Fund to Support Local Food Systems

Idea Foundry, a Pittsburgh-based economic development organization, has created a pilot revolving loan fund designed to support local entrepreneurs innovating around connecting consumers with local foods, reducing regional food insecurity, increasing on-farm sustainability, and increasing jobs in local farming. The revolving loan fund pilot program is being supported with a grant from the Richard King Mellon Foundation and will provide funds to as many as six businesses in year one. The loans will directly address the financial needs of food and agriculture startups and innovative regional farms required to generate profits that contribute back into both the loan fund and the local economy.