AN EQUITABLE SOLUTION FOR DETROIT
The nationally lauded resurgence of Detroit which has led some to label it “America’s comeback city,” has sorely lacked one thing- the equitable participation of its African American residents who still comprise over 80% of its populace.
funding issued to date by BLD to black-led businesses and organizations.
RIDE FOR EQUITY
RIDE FOR COMMUNITY
DETROIT TO MACKINAW CITY
MAY 22 -28, 2022
By pooling our resources together, we can help fund projects that support our own narrative.
When funded projects become successful, the return on investment ultimately leads to neighborhood stabilization.
Self-advocacy starts with an intentional economic foundation. We plan to strengthen the economic foundation of our communities.
Fully aware that Detroiters of African descent have never lacked creativity, viable economic strategies, entrepreneurial zeal, or innovative business
models, the Black Leaders Detroit Fund aims to diminish the disparities by providing the one thing that has been lacking: financial support.
A model and thriving city of fully empowered, responsive leaders and entrepreneurs reflective of its demographics.
We want 1 million members to contribute $1/week to fund our plan to change lives and impact black residents and communities in Detroit.
To provide financial support for diverse social and community impact projects originated and led by Detroiters of African descent.
WHY BLACK LEADERS DETROIT FUND?
BLD Fund will leverage long-standing local and national self-empowerment sentiment among African-Americans with current social media networking habits and mobile application technology into an ongoing $1 per week funding campaign.
Socioeconomic inequity has led to tension, mistrust, justifiable frustration, and what some call the emergence of an “old and new” Detroit narrative.
Decades long divestment coupled with white (and black) flight depleted the city’s tax base and severely limited economic development, especially within neighborhoods.
The remaining African American middle class that stayed the course decry the absence of interest, investment, and stabilization efforts to further empower them and grow their numbers.
With positive population growth in Detroit, economic opportunities abound in certain sectors but sorely lack local African American leadership or participation.
A recent Detroit Future City report charts a plummeting of Detroit’s middle class from 54% to 25% from 1990 to 2010.
Development & Communications Coordinator
BOARD OF DIRECTORS
Deputy Administrator Michigan Attorney Grievance Commission
Spirit of Detroit Project
Ford Motor Company
Rise Up Higher
Central Detroit Christian
Corporate Engagement Specialist
Good Cakes and Bakes
Senior Vice President
Jack Elsey Jr.
Partner & CEO
Detroit Children's Fund
British Artist and Social Entrepreneur
Though the group that we are looking to provide financial support for is very specific, the supporters of the work come from varied backgrounds. We are glad to have committed allies that are invested in the work that we are doing. We have asked some of them to serve on an ally council. This council will serve as a vital piece when it comes to BLD creating access to capital for Black Entrepreneurs.
Max M. & Marjorie S. Fisher Foundation