SARANAC LAKE, N.Y. — The Adirondack North Country Association (ANCA) and Foodshed Capital have announced the first loan provided through their new revolving loan fund for small-scale food producers.
Julian Mangano of Della Terra will use his SOIL Loan to develop a commercial composting operation that will divert organic waste from landfills, build soil health on his Castorland, N.Y. farm, and provide high-quality compost for local farmers and gardeners.
With a goal of supporting farms and food businesses who have difficulty accessing loans through conventional programs, ANCA, a regional economic development nonprofit serving businesses and communities in northern New York, partnered with Foodshed Capital, a certified Community Development Financial Institution that centers mission-driven lending and customized business support for underserved farmers, to develop the SOIL Loan Fund.
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