It is an age-old question. How do you get people with money to invest in places where it is most needed? One answer is Opportunity Zones (OZs). They can help communities in Detroit and Flint grow and prosper. Part of the 2017 Tax Cuts and Jobs Acts, the new economic development tool is designed to incentivize patient capital […]
Bedrock has announced $2.1 billion in new investment for four downtown development projects that could bring up to 24,000 new jobs to Detroit. The package, which includes the Hudson’s Site, Monroe Blocks, Book Tower and One Campus Martius expansion project,would bring 15,000 construction jobs and up to 9,000 permanent jobs to the city.The projects will […]
Angel investors and mission-driven developers are helping Detroit bolster its economic base, according to a recent series of reports from the Urban Institute. “Coming Back from the Brink: Capital Flows and Neighborhood Patterns in Commercial, Industrial and Multifamily Investment in Detroit” and “Mission Finance in the Motor City.” suggest the least trumpeted story is the […]