The New Economy Initiative pumps cash into local programs

The new economy just got a nice little boost here in Southeast Michigan. The New Economy Initiative -- which is fairly self explanatory -- just pumped in nearly three-quarts of a million clams into the local programs promoting these new economy companies.

Excerpt:

The New Economy Initiative for Southeast Michigan has approved another round of grants totaling more than $716,000.

The largest grant of $356,250 was made to the Detroit-based Michigan Opportunities and Resources for Entrepreneurs Program to index resources for entrepreneurs and design a Web service to allow the information to be easily accessed.

The New Economy Initiative also has made two grants to expand opportunities in the defense and homeland security industries. The largest grant of $300,000 is to the Royal Oak-based Michigan Security Network and follows a $153,000 grant the initiative made last year to the Detroit Regional Chamber to support the network.

With the previous grant, the network already has made significant inroads towards establishing Michigan as a national leader in cyber security technology and training, the New Economy Initiative said in a release.

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