Only 6 out of 1500 non-resident Detroit cops take incentives to live in Detroit?
So it is being reported across local media. The 1500 number was cited on WDET. The Detroit news puts the number at 'about half' of the current force of 2700.
The offer seems very generous and no doubt it would they would be warmly welcomed.
My question is, if this is not working why not instead give a similar offer to the cops who are staying in Detroit now? Work on keeping what you have. Hopefully there is one. Otherwise it seems to be rewarding those who left / never lived vs. those who are there making a difference.
Quote:
Here's how the program works: Nonprofits and the Detroit Land Bank use federal money to fix homes in Boston Edison, East English Village, North Rosedale Park and Green Acres.The homes are then offered to police and firefighters living in the suburbs, who can qualify for up to $25,000 in forgivable mortgage loans.
A similar deal recently was extended to all other city employees, who can get up to $15,000 in mortgage help.
The mortgage assistance comes from private banks, and participants pay normal property tax rates. More than 100 non-public safety employees have started the buying process.
From The Detroit News:
It's way too early in the game to come to any judgments....
Quote:
Originally Posted by
DetroiterOnTheWestCoast
The title is a bit misleading. It seems as though only six deals are completed, but the article does say the following, so more are coming:
"Federal funds are paying to renovate another nine homes for law enforcement, while another dozen officers and firefighters have signed up to begin the process, she said."
From The Detroit News:
http://www.detroitnews.com/article/2...#ixzz1v3GSUVu1
I find it telling that no one's responded to this yet. Have none of you ever built a business from scratch? Or worked on a startup company? Or been on a sales campaign?
This isn't the kind of thing where you make the announcement and the 400 people bring their families back into the city 4 months later.
Yes, it's slow. But 6 complete plus the 12 in progress over 15 months shows that demand is there. They should study what were the common components with them and whether or not aspects of the program should change. Also good information would be how long their decision making process was and what were the tipping factors. Or whether the trend is growing [[5 in the last 3 months vs. 1 in the first 8 weeks) or steady [[6 every 5 months)
The whole thing still might flop, but part of the problem is all about expectations. We're experimenting. We're investing. No one thing is going to work by itself. And all things effect each other, so it's hard to isolate your variables.
Welcome to the world of entrepreneurship.
Unfortunately, we're in an environment that needs entrpreneurs....but we're surrounded by severe suffering, a people who crave economic security, and a dearth of the intelligent, creative, and motivated.