Kresge Investment Supports Our Efforts to Accelerate Jefferson-Chalmers Revitalization
Detroit’s once-vibrant Jefferson-Chalmers neighborhood has suffered from decades of economic distress, but there are signs of a revival thanks to innovative economic development strategies, renovations to historic buildings, successful pop-up businesses and its recent recognition as a National Treasure by the National Trust for Historic Preservation.
Enterprise Community Loan Fund is making a 10-year commitment to accelerate and expand the revitalization of Jefferson-Chalmers. Our commitment is seeded by The Kresge Foundation, which just announced a $3 million investment in this vital work as part of the first round of its new Kresge Community Finance initiative. In the coming years, Loan Fund will continue to engage socially-motivated community members and businesses to collectively invest in the equitable revitalization of this community.
We see the potential in Jefferson-Chalmers’ Main Street and we believe it is a community worth investing in. We know that life-long residents, small business owners, iconic buildings like the Vanity Ballroom, and community partners like Jefferson East are worth supporting.
Our efforts in Jefferson-Chalmers will build on the work Enterprise Rose Fellow Joshua Budiongan is doing at neighborhood organization Jefferson East, as well as drawing from our extensive experience in creating opportunity in previously distressed areas. We hope our involvement will mirror the success we’ve seen from our long-term commitment to Baltimore’s Remington neighborhood where we are working to ensure that neighborhood reinvestment benefits everyone.
For more information on Jefferson-Chalmers or to make an investment to support this work, contact Rachel Reilly Carroll at RRCarroll@enterprisecommunity.org.