Capital For Change cover art

Capital For Change

Capital For Change

Written by: Phil Tower
Listen for free

Do you know what it takes to turn a creative business idea into a business success story that enhances our state economy?

Birgit Klohs and Skot Welch, two of Michigan’s premier business development leaders, do – and they’re ready to share the ins and outs of the start-up business ecosystem with you.

Find out what they know and hear from start-up CEOs who have seized the opportunity to turn their dreams into business reality in the new podcast series, “Capital for Change.”

You’ll learn how the New Community Transformation Fund is connecting innovative entrepreneurs with investors and spurring new business opportunities among historically underserved populations.

Join Birgit, Skot, and host Phil Tower for “Capital for Change,” debuting May 19, 2026, on the iHeartRadio app and wherever you listen to podcasts.New Community Transformation Fund Economics Leadership Management Management & Leadership Personal Finance
Episodes
  • Music, Tech & Equity: Dre Wallace and the Bold Vision Behind Opnr

    Music, Tech & Equity: Dre Wallace and the Bold Vision Behind Opnr
    Jun 2 2026
    What happens when music, technology, and entrepreneurship collide with a mission to create more equitable opportunities for independent artists?

    In Episode 4 of Capital for Change, host Phil Tower joins New Community Transformation Fund co-founders Birgit Klohs and Skot Welch for an inspiring conversation with Andrea “Dre” Wallace, co-founder and CEO of Opnr — an innovative platform helping independent artists connect with venues and promoters through smarter booking tools and audience-driven data.

    Dre shares how her dual background as a touring musician, DJ, and technologist helped shape the vision for Opnr — and why she believes independent artists deserve better access, visibility, and opportunity within the live music ecosystem.

    The conversation explores how Opnr is using technology to solve real-world challenges for venues, promoters, and performers alike while building a more inclusive future for the music industry.
    We also discuss Dre’s connection with New Community Transformation Fund and what it means to partner with an organization focused on investing in founders of color and expanding economic opportunity in West Michigan and beyond.

    Dre shares about the importance of mission-aligned capital, the realities of entrepreneurship, and her long-term vision for creating meaningful impact through innovation.

    Plus, Dre offers candid advice for aspiring entrepreneurs — especially future founders from underrepresented backgrounds — who are working to turn bold ideas into sustainable businesses.

    Capital for Change is powered by the New Community Transformation Fund, a venture capital fund investing in companies led by business leaders of color with ties to West Michigan.



































    Looking for insight on startups, entrepreneurship, venture capital, and economic development in Michigan?

    “Capital for Change” features business leaders Birgit Klohs and Skot Welch, joined by host Phil Tower, exploring how innovative ideas become successful companies.

    Perfect for listeners interested in business growth, startup ecosystems, small business success, and inclusive innovation.

    Listen on the iHeartRadio app and wherever you listen to podcasts.
    Show More Show Less
    32 mins
  • Beyond Philanthropy: Steve Jandernoa on Investing in Economic Opportunity Through NCTF

    Beyond Philanthropy: Steve Jandernoa on Investing in Economic Opportunity Through NCTF
    May 19 2026
    In Episode 3 of Capital for Change, host Phil Tower is joined once again by New Community Transformation Fund co-founders Birgit Klohs and Skot Welch for a conversation with longtime West Michigan business and philanthropic leader Steve Jandernoa.

    A partner at 42 North Partners, president of the Jandernoa Foundation, and Investment Committee Chair of the New Community Transformation Fund, Jandernoa shares why he believes equitable access to capital can create lasting economic and community transformation.

    The episode begins with a personal look at the values and experiences that shaped Jandernoa’s commitment to philanthropy, leadership, and community investment.
    He also shares how his background in finance and community work helped shape his belief that philanthropy can drive meaningful, long-term change.

    We also hear how Jandernoa first became involved with the New Community Transformation Fund after receiving a call from Klohs during the fund’s early development and why he and his family believed NCTF represented an important opportunity — not simply as philanthropy, but as a strategic investment in entrepreneurs, innovation, and economic inclusion across West Michigan.

    Throughout the episode, Jandernoa discusses why venture capital models like NCTF offer something different from traditional philanthropy: a focus on ownership, scalability, wealth creation, and long-term sustainability. He also shares insights into building trust between philanthropists, investors, and entrepreneurs, and explains how collaboration and mentorship are critical to helping businesses succeed beyond access to funding alone.

    Looking ahead, Jandernoa reflects on what success for the New Community Transformation Fund could look like five or ten years from now — not only in financial returns, but in stronger businesses, stronger communities, and broader economic opportunity throughout Grand Rapids and beyond.

    Capital for Change continues to spotlight the people, partnerships, and bold ideas helping reshape economic development through the New Community Transformation Fund.

    Learn more at New Community Transformation Fund.

    Looking for insight on startups, entrepreneurship, venture capital, and economic development in Michigan?

    “Capital for Change” features business leaders Birgit Klohs and Skot Welch, joined by host Phil Tower, exploring how innovative ideas become successful companies.

    Perfect for listeners interested in business growth, startup ecosystems, small business success, and inclusive innovation.

    Listen on the iHeartRadio app and wherever you listen to podcasts.
    Show More Show Less
    32 mins
  • How the Frey Foundation Helped Launch the New Community Transformation Fund

    How the Frey Foundation Helped Launch the New Community Transformation Fund
    May 19 2026
    In this second episode of Capital for Change, host Phil Tower is joined once again by New Community Transformation Fund co-founders Birgit Klohs and Skot Welch for an inside look at one of the key early partnerships that helped propel the fund forward.

    Birgit and Skot speak with Holly Johnson, President of The Frey Foundation — one of West Michigan’s leading family foundations and an early supporter of the New Community Transformation Fund.

    In this conversation, you'll hear how founders Birgit Klohs and Skot Welch identified Holly Johnson and The Frey Foundation as a critical early partner while building support for the fund’s ambitious vision: investing in scalable businesses owned and operated by entrepreneurs of color in West Michigan.

    Johnson reflects on her initial reaction to the idea of the fund, why the mission resonated so strongly with The Frey Foundation, and why her team chose to make a significant early commitment to help advance the initiative.

    The conversation also explores the broader role philanthropy can play in economic transformation as Johnson shares how The Frey Foundation’s core “Pillars of Place” — Building Community, Children & Families, Community Arts, and the Environment — align with the long-term vision of the New Community Transformation Fund and its potential ripple effects throughout communities across West Michigan.

    Klohs and Welch share what it meant to receive a $500,000 commitment from The Frey Foundation during the fund’s early stages and explain how moments like that helped validate the vision and generate momentum among other investors and community partners.

    We also gain deeper insight into the mission of the New Community Transformation Fund itself — a now-$25 million venture capital fund focused on investing in businesses led by entrepreneurs of color.

    Learn more at New Community Transformation Fund and the Frey Foundation.

    Looking for insight on startups, entrepreneurship, venture capital, and economic development in Michigan?

    “Capital for Change” features business leaders Birgit Klohs and Skot Welch, joined by host Phil Tower, exploring how innovative ideas become successful companies.

    Perfect for listeners interested in business growth, startup ecosystems, small business success, and inclusive innovation.

    Listen on the iHeartRadio app and wherever you listen to podcasts.
    Show More Show Less
    33 mins
adbl_web_anon_alc_button_suppression_t1
No reviews yet