DEGC Welcomes Mike Rafferty as Vice President of Small Business Development

Mike Rafferty

As part of its small business relaunch to create a comprehensive strategy around its many small business loans and programs, Detroit Economic Growth Corporation (DEGC) has named Michael Rafferty its vice president of small business development.

Rafferty will focus on coordinating and supporting Detroit’s small business infrastructure and entities in partnership with the city of Detroit to further enhance small businesses’ potential for success.

Small businesses are flourishing in Detroit, and lead the way in creating new jobs, revitalizing neighborhoods and improving the overall quality of life in the city. DEGC is dedicated to helping them to grow and under Mike Rafferty’s leadership, the organization will enhance its strategies, programs and resources to advance small business in Detroit even further.

Rafferty’s previous experience includes: director of the metro Detroit office of Michigan Nonprofit Association, and development officer for Wayne County Economic Development Growth Engine.

DEGC has provided small business loans for 30 years, and over the last seven years has developed a variety of small business programs, including: Green Grocer Project, D2D and Motor City Match. DEGC also has played a key or supporting role in developing and delivering programs such as NEIdeas, BizGrid and PowerMoves Detroit.

Tiffini D. Smith
Director – Corporate Communications

DEGC Realigns, Adds Staff to Focus Efforts on Small Business Development

DEGC’s Michael Forsyth

Detroit Economic Growth Corporation (DEGC) is promoting within and looking to hire a new vice president to better meet the needs of Detroit’s burgeoning small business community.

DEGC’s Michael Forsyth, formerly Motor City Match program manager, has been promoted to Director of Small Business Development. Additionally, DEGC will conduct an extensive search for a vice president of small business development.

We are bringing our targeted programs out of their silos to create a comprehensive small business strategy,” said Rodrick Miller, president and CEO, DEGC. “This small business relaunch and the additional resources we’re investing in this work underscore our commitment to economic inclusivity, clarify the DEGC’s position as a dedicated partner and stakeholder in these businesses’ growth, and highlight the importance that these businesses play in strengthening the entire city’s economy. We had to broadcast this increased focus because small businesses lead in creating job opportunities for Detroiters, revitalizing neighborhoods and improving the overall quality of life in the city.”

DEGC has many programs geared towards the support of small businesses, and has provided small business loans for 30 years. Some DEGC programs include the Green Grocer Project, D2D and Motor City Match. DEGC also extensively supports programs like NEIdeas, BizGrid and PowerMoves Detroit.

DEGC is looking for vice president candidates and hopes to conclude its search soon. DEGC envisions securing resources to further expand its small business support capacity in 2016.

Tiffini D. Smith
Director of Communications

Moddie Turay Joins DEGC as EVP, Real Estate and Finance

Moddie_Turay_Portrait-degc-growth_november

Moddie Turay is DEGC’s new Executive Vice President of Real Estate and Finance. He will work closely with DEGC managers of other departments and programs, the city of Detroit, and existing business partners and will represent DEGC with a broad group of stakeholders to lead commercial, industrial and retail development efforts in the city of Detroit.

Turay replaces Brian Holdwick who announced in June he would leave after an orderly transition to form his own private development consulting firm, Holdwick Development Group.

Prior to joining DEGC, Turay was president, Moddie Turay Company, Washington, D.C., a real estate development firm focused on multimillion dollar mixed-use residential, retail, office and hotel development initiatives.

He also has served as a member of the senior executive team in the Public Building Services Regional Commissioners’ Office of the National Capital Region of the U.S. General Services Administration. He was a project executive and advisor on the development of asset and portfolio business plans for new developments and the redevelopment of real estate portfolios across the Washington, D.C., area.

Turay also was a development manager at Western Development Corporation, Washington, D.C., where he was responsible for pre-development strategies, management of new business opportunities, and the development management and acquisition of a diverse range of real estate projects and holdings.

He served as special assistant to District of Columbia Mayor Anthony A. Williams between 2001- 2004, advising on strategic planning, operations, public policy, and marketing and public relations.

Turay holds a Bachelor of Science degree in business management from Saint Augustine’s University in Raleigh, N.C.

Tiffini D. Smith
Director of Communications

DEGC welcomes two new faces

Charla Sanders  (left) and Cydney Camp (right)
Charla Sanders (left) and Cydney Camp (right)

The Detroit Economic Growth Corporation has announced that Charla Sanders has joined DEGC through the Wayne State University Detroit Revitalization Fellows program. She will serve as the Employment District Program Manager for Motor City Match, a program that matches businesses in the city with Detroit’s best available real estate and assistance with loans and grants. Sanders is a graduate of the University of Michigan, where she earned a Master’s degree in social work and a Bachelor’s degree in psychology.

Sanders’ professional experiences have been based on community improvement strategies, including her work administering multiple federally funded community improvement grants at one of 34 nationwide IHS Urban Indian Health Programs.

Sanders most recently held joint positions with the John S. and James L. Knight Foundation and DEGC, where she focused on Detroit-centric philanthropy and economic development projects.

DEGC has also added an intern to its staff for the current semester. Cydney Camp is a student at Michigan State University, enrolled in the Public Policy program at James Madison College. She is currently working on a Bachelor’s degree in social relations and policy and expects to graduate at the end of this year.

Camp has experience working for the business law firm Kilpatrick and Associates on bankruptcy issues and the MSU Department of Sustainability, holding research and data management-related duties.

Camp will assist DEGC Director of Strategy and Research Virginia Wilkinson in the development of market and demographic data for Detroit and the surrounding area. She will also assist with research on policy issues in the city and help with the planning and execution of the Detroit Familiarization tour this fall.

Tiffini Smith
Director of Corporate Communications

Search Underway for New EVP, Real Estate & Finance

bholdwick

DEGC is conducting a national search for an executive vice president to head its Real Estate & Finance Department and lead commercial, industrial and retail development efforts in the city of Detroit, the most exciting urban recovery in the country. The full job description can be found at: http://goo.gl/638jrH . The position will close July 31, 2015.

Brian Holdwick, the long-time executive vice president, is leaving later this year after an orderly transition to form his own private development consulting firm, Holdwick Development Group.

“Brian was part of the DEGC team that negotiated the largest deals in Detroit, including the planned events center and hockey arena, Comerica Park, Ford Field, and the Westin Book Cadillac, as well as many housing projects throughout the city,” said Rodrick Miller, president and CEO, DEGC. “We wish him well with his new company, and we’re looking forward to continuing to work with him from the other side of the table on development projects in Detroit.”

The new executive vice president will work closely with DEGC managers of other departments and programs, the city of Detroit, and existing business partners and will represent DEGC with a broad group of stakeholders to get deals done.

DEGC recently added David Howell to its Real Estate & Finance team as director, real estate & financial services. Howell has more than 14 years’ experience in the acquisition, disposition, operation, development and redevelopment of residential and commercial real estate. Prior to joining DEGC, Howell was managing director of Legacy Advisors, LLC, a Detroit-based real estate advisory and consulting firm.

Tiffini Smith
Director of Communications