- December 16, 2021
- Posted by: Stratford Team
- Category: Business
A local racial equity lending firm made a loan to a Black- and family-owned food business.
Grand Rapids-based Rende Progress Capital (RPC) said Friday, Dec. 10, it provided a loan of an undisclosed amount to Daddy’s Dough Cookies, a Grand Rapids-area wholesale cookie business founded in 2015 by MarcQus and Tawanna Wright.
“Daddy’s Dough Cookies (is) a great family business experiencing growth,” said Eric Foster, co-founder, chair and managing director of RPC. “… Family-owned businesses are key in our mission, impact outcomes and goal to create intergenerational wealth and family economic security for people of color.”
Daddy’s Dough offers 14 different cookie varieties, including Snickerdoodle Cream Pie, Oatmeal Cranberry and Apple Cider Cream Pie. As the Business Journal reported in 2018, the Wrights were encouraged by their children — their first taste-testers — to turn their talent into a business.
They first introduced their…
