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New initiative aims to create “cycle of support” for minority developers in Detroit
The Next Idea One of the central challenges in Detroit’s revival: making sure that all boats rise. That good things are happening for long-time Detroiters, not just the newcomers and new businesses setting up in the city. Capital Impact Partners created its Equitable Development Initiative after realizing how little of its money went to projects led by minority developers. The program is designed to bring more minority developers into Detroit’s revitalization.
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The Next Idea One of the central challenges in Detroit’s revival: making sure that all boats rise. That good things are happening for long-time Detroiters, not just the newcomers and new businesses setting up in the city. Capital Impact Partners created its Equitable Development Initiative after realizing how little of its money went to projects led by minority developers. The program is designed to bring more minority developers into Detroit’s revitalization.