This news from Detroit LISC just popped up on our radar. From Model D:
Detroit's Local Initiative Support Organization unveiled plans totaling $100 million for seven targeted areas. The plans were developed over the last two years by community groups and residents, says Deborah Younger, Detroit LISC program director. "No one knows best what a community needs than the folks that live there, "Younger says.
The seven areas fall under one of two targets: Strategic Investment Area or Regional Investment Initiative. The former groups community development corporations with service providers, residents, businesses, government agencies and other stakeholders to craft plans for their areas. The latter pairs CDCs from Detroit with partners from inner ring suburbs to attempt to bridge a gap between the cities and to address shared needs.
Now that general plans have been crafted for each of the areas, LISC will target fundraising efforts towards foundations and others that support each particular initiative a community has identified. Already $38 million has been secured; an estimated $100 million is needed to complete the initiatives. LISC will also continue to play a public policy role as well as connecting neighborhood groups with larger economic development initiatives.
Sounds like an exciting program.
We'll definitely be keeping an eye on this one.




