Efforts to attract retail to the Jefferson Ave. corridor will get a
boost with a grant from the Community Foundation for Southeast
Michigan. The organization will donate $1.25 million to the Detroit
Economic Growth Corp. to pay for retail-related grants.
Excerpt:
"We've
been hearing that residents are concerned about having more retail
options in the Jefferson corridor," said Mariam Noland, president of
the Community Foundation. "And when we talked to DEGC, they said the
issue has to do with the cost of retrofitting or start-up of space to
get those businesses in there. If we had an incentive fund, we think we could bring new retail into that corridor."
In general, either landlords that rent space to retailers or the entrepreneurs themselves could be eligible for matching grants under the program. The
boundaries would run from downtown to McClellan, about three miles east
of the Renaissance Center.
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