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Development Fund Opportunities for Community Investment: Southtown Neighborhoods, Grand Rapids
- Author(s):
- Norman Christopher, Kyle Norton, McKenna Smith
- Date:
- 2015
- Group(s):
- MSU EDA University Center: Regional Economic Innovation
- Subject(s):
- Economic development, Sustainable development, Rural development, Community development, Michigan, Grand Valley State University, Sustainable urban development, United States. Economic Development Administration
- Item Type:
- Report
- Tag(s):
- Economic, Development, Michigan, REI, equity, Economic development, innovation, EDA, community investment
- Permanent URL:
- https://hcommons.org/deposits/item/hc:55671/
- Abstract:
- The Seeds of Promise organization and in partnership with Grand Valley State University, tries to empower residents with limited means to create benefit from investing in their community's improvement. This project designed a 'mutual fund' model and deployment strategy for the Seeds Southtown Neighborhood that can be readily repeated. The profits from the community investment were paid back to residents, based on their shares, and this process helped reduce retail leakage for this area.
- Metadata:
- xml
- Status:
- Published
- Last Updated:
- 6 months ago
- License:
- Attribution
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