The NEI funds supported the Creative Corridor Incentive Fund to develop a dense cluster of knowledge-based businesses and talented people in Detroit’s Creative Corridor that will create a hub and spoke model of creative companies in the city.
Talent - The Creative Corridor Incentive Fund aims to attract and retain creative businesses to Detroit’s Creative Corridor while developing a vibrant community to attract and retain young skilled workers.
Entrepreneurial – Another focus of the fund is to encourage innovation and entrepreneurship in new and existing enterprises through the support of systems that foster innovation, such as a business accelerator networks, minority business support centers, and coordination of capital sources.
Strategic investments and regional collaboration are helping the New Economy Initiative and partner organizations promote economic revitalization in southeast Michigan.
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