DTE Energy Foundation provides economic development support

The DTE Energy Foundation has awarded grants to Michigan-based organizations to spur economic development and job creation across the state.

Grant recipients include The Right Place Foundation in Grand Rapids, the Ann Arbor Spark Foundation, Detroit Economic Growth Association, Detroit Regional Partnership, Michigan Economic Development Foundation, Northern Lakes Economic Alliance, and Venture North Funding and Development.

The DTE Foundation is among the state’s largest foundations committed to Michigan-focused giving, supporting initiatives focused on arts and culture, community transformation, economic progress, education and employment, environment and human needs. Its goal is to inspire and encourage engagement in the communities to build productive and safe neighborhoods for families to raise their children, conduct local business and have access to necessary services.

The Right Place Foundation
 $100,000 grant

This support will be used to advance the mission of The Right Place, Inc., Greater Grand Rapids’ leading economic development organization. Staffed by a skilled team of economic development and business professionals, The Right Place drives sustainable economic growth and shared prosperity for all in the region through the development and implementation of comprehensive strategies to retain, expand, and attract businesses.

Ann Arbor Spark Foundation  $200,000 grant

This grant will be used for economic development across Washtenaw County.

Detroit Economic Growth Association – $700,000 grant

This grant will support the Detroit Economic Growth Corporation and Detroit Means Business. These initiatives aim to create new jobs, secure investment and build an economy where everyone can  find success.

Detroit Regional Partnership
$2,000,000 grant

The Detroit Regional Partnership plans to use this grant to support metric-driven business development and marketing that tells the story of the region and showcases its assets to companies looking to locate, invest, and create jobs in the 11-counties it serves.

Michigan Economic Development Foundation $100,000 grant

This grant will help the Michigan Economic Development Foundation (MEDF) in its mission to serve as a promoter and catalyst for economic growth. Its core function is its support of the Governor and state's top economic development leaders as they make a case for the many opportunities available here in Michigan. The MEDF serves to help strengthen and fund economic development efforts in Michigan that create private investments and increase jobs and wages. The support of partners, including the DTE Energy Foundation, has been invaluable in efforts to market Michigan as a great place to do business and take vacations.

Northern Lakes Economic Alliance (NLEA)
 $100,000 grant

This grant will be used for general operations to support multiple areas of programing, a college internship program, and business model competitions. This support helps to provide day-to-day expertise to companies and communities, which is critical for attracting and retaining work force and community revitalization efforts. With the backing of the DTE Foundation and others, the board of directors and staff can implement a robust economic development work plan throughout Antrim, Charlevoix and Cheboygan counties in Northern Michigan.

Venture North Funding
and Development
$120,000 grant

This grant will be used for general operations to provide business support services to underserved entrepreneurs and small businesses through one-on-one business consultation and targeted marketing and outreach over the next two years. The funds will enable Venture North to increase outreach to underserved populations including business owners who are minorities, low-income, women and veterans. The result will be additional loan capital deployed to these underserved entrepreneurs and small businesses.

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