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Who We Are

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Cinnaire and the Development Finance Group (DFG) have partnered to serve as the management team of DMI, combining their expertise in structuring, launching and managing organizations like DMI. This partnership brings together complementary expertise that make the provision of the core programs possible. DFG has helped develop fifteen development authorities around the country.

Click here to read the 2017 Annual Fund Impact Report

DMI adopts best practices in its responsible and nimble structure, by blending the type of financing tools Michigan needs now and by providing top level management and staff required to effectively manage the effort. DMI partners and their principles have directly managed more than $3.7 billion in similar successful projects and funds. The partners have more than 100 staff and the principals are national leaders in their field.

Management Team

Rick Laber, President

Chris Cox, Chief Financial Officer

Wayne Bota, Vice President, Business Development

Trey Phillips, Director of Lending, Asset Management

Steven Klein, Managing Director

Jim Logue, Chief Executive Officer

Yulonda Byrd, Vice President, Underwriting

Dave Levinson, Vice President, Business Development

Sarah Offerman, Capital Group Coordinator

Deborah J. La Franchi, Managing Director

Board of Directors

  • Tom Edmiston, Senior Vice President, Business Development, Cinnaire
  • Kenneth Herrmann, Senior Vice President, Commercial Real Estate Sales Manager, Fifth Third Bank
  • Richard Landgraff, Senior Vice President, PNC Real Estate
  • Mark McDaniel, President & CEO, Cinnaire
  • Mark Morante, Senior Vice President, Development Finance & Capital Markets, Michigan Economic Development Corporation
  • Jennifer Nelson, Vice President of Public Policy & Economic Development, Business Leaders for Michigan
  • Greg Tedder, Executive Vice President, Chief Community Development & Marketing Officer, Michigan Economic Development Corporation
  • Ted Rozeboom, Partner, Loomis, Ewert, Parsley, Davis & Gotting P.C.


Cinnaire, the Development Finance Group (DFG) and the Michigan Economic Development Corporation (MEDC) helped launch the fund.

DFG is a partnership between two firms specializing in economic development finance – Strategic Development Solutions, LLC (SDS) and First Infrastructure, Inc. The two firms have worked together to build more than $150 billion of market driven, privately capitalized, Triple Bottom Line development funds that promote civic and public purposes in 43 states and 21 nations over the last 40 years. Since 1975, members of DFG have designed and built $60 billion in state Development Finance Organizations in 15 states, including nationally regarded models in Alaska, Arkansas, Maine, Massachusetts and Florida.

The MEDC is a public-private partnership serving as the state’s marketing arm and lead agency for business, talent and jobs, tourism, film and digital incentives, arts and cultural grants, and overall economic growth. MEDC offers a number of business assistance services and capital programs for business attraction and acceleration, economic gardening, entrepreneurship, strategic partnerships, talent enhancement and urban and community development. MEDC, founded in 1999, also developed and manages the state’s popular Pure Michigan brand.