The Michigan Economic Development Corporation has launched another matching grant program for a successful crowdfunding campaign, this time by influential Detroit art dealer and developer
George N'Namdi. If N'Namdi can raise $30,000 in 30 days, the MEDC will award N'Namdi another $30,000.
George N'Namdi is the owner of N'Namdi Center for Contemporary Art in Midtown. His goal is to establish a new arts district around the intersection of Grand River Avenue and Rosa Parks Boulevard. The crowdfunding campaign will help finance Quarter Pop on Grand River, an arts incubator and gallery and retail district that will rotate entrepreneurs in and out of renovated storefronts in three month increments. The 4200 block of Grand River Ave. is the focus of the project.
"The vision for the Quarter Pop is to create and activate a space where Detroit creatives can gain success for their businesses while strengthening the neighborhoods around them," says N'Namdi. "Quarter Pop will be a huge catalyst for creative cultural change in the Grand River Creative Corridor, Detroit, and beyond."
Quarter Pop occupants will receive marketing, accounting, and legal advice along with entrepreneurial mentorship. An emphasis will be put on creative retailers. Money raised will be put toward construction and business service costs.
This is not the first time the MEDC has pledged matching grant money toward crowdfunding campaigns. In November 2014, a campaign was announced to fund the construction of a skate park at the old Wigle Recreation Center. That campaign was soon aborted
as it was discovered that the city of Detroit seeks to sell the property. In August 2014, the MEDC pledged matching grant money toward a new green alley in Midtown
, which began construction in September of that year.
N'Namdi has until Feb. 13 to raise the $30,000. As of this reporting, the project has already received over $17,000 in pledges from just 6 donors. The campaign is being hosted by crowdfunding site Patronicity
Source: Michigan Economic Development Corporation
Writer: MJ Galbraith
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