Their company name implies moving forward in a caring or thoughtful way.
And after building a corporate culture based on employee engagement, the Lansing-based
Cinnaire implemented a paid-time off policy that is likely the first in Mid-Michigan.
As of March 1, the full-service community development financial partner announced an unlimited paid-time off policy for its 86 employees—including 46 who work in the 13,000- square foot REO Town headquarters at 1118 S. Washington Ave. The policy, says President and CEO Mark McDaniel, is designed to provide work-life balance, and to maximize teamwork and collaboration. Staff manage their own vacation, sick and personal time and communicate openly with colleagues to support workload, goals and outcomes.
"This is the final icing on the cake," says McDaniel of creating a productive, energized corporate culture. "We're telling our employees that we trust you, that you're valuable to our organization, that as long as your goals are being met, what does it matter if you want to take time off?"
Cinnaire supports community stabilization and economic development initiatives through creative loans and investments. The company works to match community investment opportunities with community-focused investors.
Founded 22 years ago in Lansing as the Great Lakes Capital Fund, the non-profit recently rebranded to Cinnaire. The company has expanded to serve a nine-state region and manages $3.5 billion in capital.
Cinnaire has more than 650 housing developments under asset management. The company's work has resulted in quality, safe and stable housing for more than 97,000 low- to moderate-income individuals. The company's cumulative activities have supported the creation and retention of more than 81,000 jobs.
In Lansing, Cinnaire has hired 14 people in the last eight months. McDaniel believes part of the company's growth is rooted in their policy and approach to human resources.
"I always said I would build a culture that empowers people to find passion in their work, and to grow personally and professionally," says McDaniel. "Employees are the most important asset in any company."
Source: Mark McDaniel, President and CEO, Cinnaire
Writer: Ann Kammerer, News Editor
Got a story idea for Capital Gains? Email Ann Kammerer here.
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