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Empowerment Zone Groups In Line for $6M

DETROIT-Groups in stagnant growth areas are poised to receive funds that help residents and encourage new growth of single- and multifamily housing in Detroit. Empowerment Zone Coalition Inc. and the U-SNAP-BAC Non-Profit Housing Corp. will earn more than $100,000 each.

By Robert Carr | Updated on August 22, 2002

DETROIT-The Detroit Empowerment Zone Development Corp.’s Innovation Fund will award 50 organizations, including a few community development groups, more than $6 million in the next two years. The award was announced by the Detroit-based, public-private corporation, which is dedicated to encouraging businesses and residential development into certain areas of Downtown.

The city’s Empowerment Zone provides tax incentives for new and expanding businesses and developments in areas of stagnant or reversed growth.

Fifty non-profit organizations were selected for the recent award. The organizations, a few that encourage new single-family and multifamily developments, will serve residents in the east, central and southwest sections of the Empowerment Zone.

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