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The New Economy Initiative for Southeast Michigan (NEI) was launched in 2008 as a unique philanthropic initiative aimed at helping to transition southeast Michigan to an innovation-based economy. NEI is committed to increasing prosperity and expanding opportunity for all residents and communities in the region. The initiative focuses its efforts on providing grants related to three modules of activities:
Ten national and local foundations have committed $100 million to this eight-year initiative, including:
NEI is overseen by a Governing Council, which sets strategic direction for the initiative. NEI also benefits from a Council of Economic Advisors, who actively provide expertise, a national perspective and direction to the staff and Governing Council.
NEI is a project of the Community Foundation for Southeast Michigan, which provides an administrative home for the initiative. The Community Foundation Board of Trustees exercises final legal and fiduciary responsibility for the initiative.
Since its launch, NEI has distributed nearly $52 million in more than 63 grants to charitable projects in southeast Michigan. NEI brings together individuals and organizations to work toward community wide solutions to important challenges facing the region.
For more information, please visit www.neweconomyinitiative.org or call (313) 961-6675.
Strategic investments and regional collaboration are helping the New Economy Initiative and partner organizations promote economic revitalization in southeast Michigan.
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