About New Economy Initiative
The New Economy Initiative, a special project of the Community Foundation for Southeast Michigan, is the largest economic development initiative of its kind working to build a network of support for entrepreneurs and small businesses. It was built in the face of a market failure not seen in their lifetime and a culture that had either forgotten or lost faith in its ability to generate the ideas and businesses of tomorrow. Through smart investments, NEI has continued to narrow its focus towards the Greater Downtown 3.5 mile corridor that can service entrepreneurs, while benefiting people throughout the region. That means supporting the service providers – from those providing technical assistance like business planning and concept testing, to those providing capital and beyond – that help businesses grow and thrive, while connecting them to each other and the people they serve. That means creating new companies, jobs and additional dollars of investment along the way. Ultimately, that means building a more diverse economy where jobs and prosperity are available for all.