The Craig Fahle Show

New Economy Initiative pours $51 Million into Detroit Economy -- What Are the Results So Far?

Wednesday May 23, 2012

Craig talks with Executive Director of the New Economy Initiative Dave Egner, First Step Fund Manager Mahendra Ramsinghani and Coliant Corporation CEO John Swiatek about the work of the New Economy Initiative, a philanthropic development fund aimed at reigniting business innovation in Detroit. The NEI has given out about $51 million in grants to entrepreneurial support groups in southwest Michigan, like the First Step Fund, which in turn invest in start-up businesses, like the Coliant Corporation.

They discuss the progress made by the NEI and their plans for the future, including the Detroit Regional Innovation Network, which connects various academic, research, corporate and economic development institutions in an effort to accelerate the growth of business and innovation in Detroit.

Photo courtesy of neweconomyinitiative.cfsem.org/

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