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Real estate development
and redevelopment are essential to the successful revitalization
of the city of Detroit. The Fund encourages the development and/or
redevelopment of land and buildings in the city by working with experienced
real estate developers that focus on residential and community development
opportunities, primarily single or multi-family housing and neighborhood
retail centers.
The growth of businesses in the city of Detroit is
critical to job creation and expansion of the tax base. The Fund finances
well-managed, growth-oriented companies that are expanding their operations
or are willing to relocate to Detroit.
The Fund focuses on manufacturing, distribution and service companies
with sales/revenues of $5 million to $75 million that have a minimum
of a three-year history of successful operations and require capital
for expansion. Capital Loans in this category are provided for, but
are not limited to, the acquisition of land, buildings, machinery,
equipment and the working capital requirements associated with expansion.
Investments in strategic projects are considered
when potential exists for a long-term, clear benefit which is critical
to the economic development of the city of Detroit. This emphasizes
the Fund’s commitment to economic revitalization by financing
projects that would likely not be completed without the Detroit Investment
Fund. |
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