Presentation by Kimberly Faison, Director of Entrepreneurial Initiatives for ProsperUS Detroit.

1. A program of Southwest Economic Solutions
A Place-Based, Economic
Development Strategy
Training| Technical Assistance |
Micro-lending |Capacity Building
A replication of the successful model
developed by
Introduced by

2. Why Replicate this Model?
 2,285 jobs have been created
 82% are entrepreneurs of Color
 $24M of annual payroll
 $46M annual return
 60% occupy formerly vacant
buildings
 53% of employees are from their
own neighborhood
 $12.41/hr average wage
 74% of employees are people of
color

3. Timeline
 Global Detroit begins dialogue with NDC about
replication
 2011 Global Detroit and Southwest Solutions host
design teams: Lending, TA & Training and Capacity
Building
 March 2012 MOU signed: NDC, Global Detroit,
Southwest Solutions – SWS receives Base Operating
Materials, Curriculum, Use of Model, Technical
Assistance.
 August 2012, Kimberly Faison joins the team
 September 2012, ProsperUS Detroit launches training
with two cohorts

4. What Does ProsperUS Consist Of?
 Community Partners engage local talent and
host the class
 Culturally competent trainers teach business
planning using our curriculum
 Micro-lending officers provide direct TA,
manage professional TA and in-house micro-
lending
 ProsperUS Detroit provides capacity building to
community partners through grants, Quarterly
Convenings and supportive services.
 Evaluation team provides assessment of
program implementation and funder metrics.

5. Place-based Work
Capacity Building at the Neighborhood Level
Capacity Building Grants
Development of Business Resource Center
Holiday Pop-Up
Development of a Co-working Space
White-boxing of Commercial Spaces
Commercial Development Tours
Professional Networking Events

6. Place-based Work
 Removing Barriers to Land in Commercial Spaces

7. Helping Small Businesses Land
Grand Opening, November 2014Build-out, May 2014
Model Behavior Hair Salon, ProsperUS timeline:
• Began training – Fall 2013
• Began loan process – Winter 2014
• Loan is approved – Spring 2014
• Build-out period – Spring /Summer 2014

8. Program Evaluation
 Evaluation built into program design
 Activities include:
 Logic model
 Quarterly reports
 Pre-test, post-test and training reaction surveys
 Graduate surveys: business status
 Focus groups
 Demographic data analysis
 Full program analysis

9. A Little Context
City of Detroit Major Challenges:
 Population decline
 Blight
 Weak Market
 Troubled School District
 Instable political systems
 Crime
* An additional presentation is available on these topics

10. Connect with US
 www.facebook.com/ProsperusDetroit
 twitter.com/dprosperUS
 instagram.com/prosperusdetroit
 www.prosperusdetroit.org/