New Economy Initiative of Southeastern Michigan
The New Economy Initiative, a special project of the Community Foundation for Southeast Michigan, is the largest economic development initiative of its kind working to build a network of support for entrepreneurs and small businesses. It was built in the face of a market failure not seen in our lifetime and a culture that had either forgotten or lost faith in its ability to generate the ideas and businesses of tomorrow.
That means supporting the service providers – from those providing technical assistance like business planning and concept testing, to those providing capital and beyond – that help businesses grow and thrive, while connecting them to each other and the people they serve. That means creating new companies, jobs and additional dollars of investment along the way. Ultimately, that means building a more diverse economy where jobs and prosperity are available for all.
The mission of the New Economy Initiative (NEI) is to create an inclusive, innovative regional culture by reawakening and leveraging Detroit’s creative entrepreneurial drive. Its overarching goal is to establish a more diverse economy where opportunity, wealth and prosperity are available for all.
Detroit Life Sciences Strategy
Start Date: Jan 2009 — End Date: Oct 2015
In partnership with Business Development Advisors, CREC assessed the need and feasibility of a life sciences development strategy for Southeastern Michigan. This work was being conducted for Detroit Renaissance and the Detroit Regional Chamber, and funded by the New Economy Initiative. The project established a framework for a potential life sciences initiative by identifying the […]