Detroit Economic Development Called Out as a National Model in Times of Uncertainty

FROM: Malinda Jensen, Senior Vice President, Board Administration and Government Affairs

Malinda Jensen photo
Malinda Jensen
Sr. VP Board Administration & Govt. Affairs

Motor City Match has now gotten a second endorsement from the current administration in Washington. At a forum of the International Economic Development Council (IEDC) in Washington recently, Jessie Handforth Kome, acting director of block grant assistance at the U.S. Dept. of Housing and Urban Development (HUD), was a panelist in a session called “City Opportunities.”

Kome spoke highly of Motor City Match, as an example of a “best practice program for matching small businesses with underutilized vacant space.” HUD Secretary, Dr. Ben Carson had previously praised the program during a visit to Detroit.

I saw Kome’s session, attending the IEDC Fed Forum as a representative of DEGC and Detroit. It really was exciting to hear the buzz around all the terrific things going on here. That’s especially true because the IEDC brings together professionals from places around the world. We all share the desire to promote economic development within our communities, and I always learn from my colleagues and competitors about ideas or best practices we can use here. I hope they also learn from the dedicated efforts we are making to bring the benefits of economic development to every part of the city and every citizen who lives in it. Motor City Match is just one of those initiatives.

The Community Development Block Grants that fund Motor City Match and grants from the Economic Development Administration that are currently supporting Detroit’s industrial and commercial redevelopment around the I-94 Industrial Park are in budget jeopardy right now. If you would like to know why federal funds spent on economic development pays off for communities, please download this brochure from IEDC. It does a very good job of explaining the payoff from federal investments Why Invest in Economic Development.