A new round of funding is set to go towards entrepreneurial and workforce re-training efforts in the Detroit area.
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"The New Economy Initiative's goal is to return greater Detroit to global prominence in innovation and entrepreneurship, and the effort's organizers said Monday it is moving closer to accomplishing what it set out to do, with the help of $33.25 million in new funding from 10 foundations.
The NEI, a project of the Community Foundation for Southeast Michigan, announced Monday that the funding will help support its efforts over the next three years, after awarding $76 million in grants in its first round of funding. That money helped fuel the work of some 35,000 entrepreneurs, who created more than 675 new companies and 8,000 new jobs in southeast Michigan, according to NEI organizers."
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