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Community Foundation launches challenge grant program

The Community Foundation for Southeast Michigan recently approved $7.6 million in grants from both the foundation and the New Economy Initiative it administers. New Economy Initiative grants included funding to replicate the Launch Pad entrepreneur program at local colleges and universities, to develop a large-scale business plan competition as a tool to attract investment to the region, to launch the Detroit Creative Corridor Center Studio to accelerate the growth of the creative business sector and to implement global supply chain job growth strategies in collaboration with Wayne State University and the Detroit Regional Chamber.