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(WXYZ) — The John S. and James L. Knight Foundation announced nearly $20 million in investments across Detroit to help fuel the city's continued economic growth.
The foundation made the announcement on Sunday at Michigan Central during a community celebration, and it's the latest commitment from the foundation.
Tech and business efforts in Detroit have received a significant investment.
The Detroit Free Press reports that the John S. and James L. Knight Foundation (Knight Foundation) has committed $19.8 million in grants to support 12 Detroit projects to create a “vibrant and thriving city,” according to Maribel Pérez Wadsworth, the foundation’s president and CEO. Established in 1950, the foundation has deployed $215 million in grants to support Detroit with a focus on downtown revitalization. The latest commitment brings attention to the city’s “inner-ring neighborhoods,” to uplift art, public spaces, tech, and business.
The John S. and James L. Knight Foundation is expanding its grant-making in Detroit’s neighborhoods with a new $19.8 million round of grants.
Tech and business efforts in Detroit have received a significant investment.
The Detroit Free Press reports that the John S. and James L. Knight Foundation (Knight Foundation) has committed $19.8 million in grants to support 12 Detroit projects to create a “vibrant and thriving city,” according to Maribel Pérez Wadsworth, the foundation’s president and CEO. Established in 1950, the foundation has deployed $215 million in grants to support Detroit with a focus on downtown revitalization. The latest commitment brings attention to the city’s “inner-ring neighborhoods,” to uplift art, public spaces, tech, and business.
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