Detroit, June 21, 2010 - The New Economy Initiative for Southeast Michigan (www.neweconomyinitiative.org ), an innovative philanthropic effort to accelerate the transition of metro Detroit to an innovation-based economy, today announces a $3 million grant over three years to support the newly formed Business Accelerator Network for Southeast Michigan, a region-wide collaborative effort dedicated to attracting and retaining business in southeast Michigan.

New Economy Initiative Awards More Than $700,000 in Grants

Detroit – The Community Foundation for Southeast Michigan will develop a digital information hub to inform and mobilize residents to be good stewards of the region’s land and natural resources and promote communities that are more livable.

Detroit, MI — The Community Foundation for Southeast Michigan (www.cfsem.org) today awarded grants totaling $125,000 to 50 nonprofit organizations that serve people with disabilities throughout the region.