Wall St. Journal notes Kresge Foundation’s $150M investment in Detroit
The Troy-based Kresge Foundation is betting large on Detroit's future with a $150 million investment over the next few years. Will other foundations and government programs follow suit? Excerpt: "One of the nation’s largest foundations will spend $150 million over the next five years to implement a new land-use plan in an attempt to revitalize this ailing industrial city… The new philanthropic investment—about $120 million in new funding beyond previously announced programs—is a sign that the foundation based in Troy, Mich., just north of Detroit, and its leader, Rip Rapson, are doubling down on the future of the city despite its chronic fiscal woes." Read more here.
The Troy-based Kresge Foundation is betting large on Detroit’s future with a $150 million investment over the next few years. Will other foundations and government programs follow suit?
Excerpt:
“One of the nation’s largest foundations will spend $150 million over the next five years to implement a new land-use plan in an attempt to revitalize this ailing industrial city…
The new philanthropic investment—about $120 million in new funding beyond previously announced programs—is a sign that the foundation based in Troy, Mich., just north of Detroit, and its leader, Rip Rapson, are doubling down on the future of the city despite its chronic fiscal woes.”
Read more here.
Related Articles
Partner Partner Content How Downtown Farmington is Balancing 40 Years of Legacy with a New Era of Social Entrepreneurship
In downtown Farmington, the shift from late spring to summer heat brings more than just patio dining and farmers’ markets; it’s ushering in a change in how businesses and the community work hand in hand.
Metro Detroit Death Doulas Want You to Talk about Death
Death Doulas in Metro Detroit are working to change how people approach the end of life — with less fear and more understanding. It can be a tough sell in a culture that largely avoids talking about death, but with the right support and guidance, these non-medical advocates promise life’s final chapter can be rich and rewarding.
How Talent Together is helping solve the teacher shortage
In response to statewide teacher shortages, Michigan has invested in alternative routes to teacher certification. One program, Talent Together, helps Metro Detroiters realize their dreams of becoming teachers by providing a free education and a paid student-teaching experience.
