July 22, 2008

Nonprofit forms around Next Detroit Neighborhoods Initiative

Crain's Detroit Business
The city of Detroit is spinning the Next Detroit Neighborhoods Initiative into an independent nonprofit so it can continue to attract foundation funding.

Launched just over a year ago to revitalize six Detroit neighborhoods over five years, the program has leveraged $8.9 million in funding from private foundations, the business community and the state through Cities of Promise grants, said Pamela Moore, director of operations for the program and one of its six employees.

But it hopes to raise another $91 million for work in those six neighborhoods and additional funding beyond that to support future revitalization in other parts of the city.

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