Site search
Search type
Wayne State University logo

In the news

NEI transforming region, embracing diverse communities

January 17, 2013

Since its inception in 2008, The New Economy Initiative (NEI) has sought to leverage $100 million pooled from 10 leading philanthropic organizations and businesses to reshape and redefine the economic landscape of Detroit and Southeast Michigan. This unique collaboration has been propelling a transformation of the area's economy - with emphasis on reclaiming its entrepreneurial and innovation-driven roots - while also tackling its top-down, heavy-industry/automotive culture. Conceived in 2008 by Wayne State University Professor Hayg Oshagan as a way to harness the individual voices of ethnic and minority media into a strong collective, New Michigan Media's founding members - The Michigan Chronicle, The Arab American News, The Latino Press, The Jewish News and Michigan Korean Weekly - have established common ground on an array of domestic issues, many relating to entrepreneurship, immigration and small business development.