EDA University Center for
Regional Economic Innovation

Investing in Community Improvement: Southtown Neighborhood, Grand Rapids (2015)

Project Details

Student-Led, Faculty-Guided Project - 2015

McKenna Smith and Kyle Norton, Grand Valley State University

Summary

The Seeds of Promise organization and in partnership with Grand Valley State University, tries to empower residents with limited means to create benefit from investing in their community's improvement. This project designed a 'mutual fund' model and deployment strategy for the Seeds Southtown Neighborhood that can be readily repeated. The profits from the community investment were paid back to residents, based on their shares, and this process helped reduce retail leakage for this area.