In open testimony on February 27th 2019, Jerome Powell was asked about the future of CRA regulations and he had this to say, “We are very committed, the fed, to the mission of CRA and we are looking to make it more effective…” Since inception in 2012, Grow Michigan has worked with senior lenders to create over 3,000 jobs across the state. Our growth capital has a significant economic impact and it can help your bank attain Community Reinvestment Act credits. If you have lending relationships in low- or moderate-income areas, we can help.