New Economy Initiative creates jobs at neighborhood level

[MSUguy]

It's great to see that is help going to existing businesses in the city and many of them outside greater downtown area.

Reversing 60 years of relentless population decline and job loss in Detroit is a very tall order, but six months ago the New Economy Initiative [[NEI) said it would pay out $300,000 to answer a provocative question about job growth.

What if, rather than relying on an explosion of digital start-up companies or huge corporate investments in Detroit, we put the modest sum of $10,000 into 30 small businesses that have toughed it out for years in the city — and see what those plucky owners can do to boost sales and create new jobs, a few at a time?

http://www.freep.com/story/money/bus...evel/17866597/

You can read about some of the winners here:
http://www.freep.com/story/news/loca...roit/17864505/

[Honky Tonk]

That is a very cool story. Nice to see some encouragement @ ground level for a change.

[Wesley Mouch]

Nice to see the good work of the Community Foundation of SE Michigan. Some of the money from the 1%, evil corporations, and some regular folks is finding its way back -- and doing good.

I'll take 6 of these over 1 federal program, please.