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New Economy Initiative targets underserved small businesses in Wayne County with new $19.5 million fund


Will support nonprofits providing small business assistance in Wayne County
Invest Detroit will take on stewardship of nonprofit business support organizations network
Pamela Lewis
The latest round of foundation support for the New Economy Initiative will be directed to organizations assisting underserved small businesses in Wayne County.
A new foundation commitment for $19.5 million will fund efforts to strengthen the network of nonprofits providing small business support in Detroit, Hamtramck, Highland Park and other Wayne County communities.
Funders behind the effort include the Community Foundation for Southeast Michigan, Ford Foundation, Hudson-Webber Foundation, Kresge Foundation, Ralph C. Wilson Jr. Foundation, William Davidson Foundation and W.K. Kellogg Foundation.

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