Gilbert Family Foundation Commits $4M to Empower Black Entrepreneurs and Developers in Detroit

The Gilbert Family Foundation is advancing economic equity in Detroit with a substantial $4 million investment that targets Black-led businesses and community developers. This funding, unveiled during National Black Business Month, demonstrates the foundation's commitment to combating economic disparities and uplifting entrepreneurs from historically marginalized communities. The financial support will be divided between two key organizations: Black Leaders Detroit (BLD) receiving $2.1 million and the Michigan Black Business Alliance (MBBA) securing $2 million, both aimed at nurturing a more inclusive business climate. Darnell Adams, the foundation's Vice President of Detroit Community Initiatives, asserted that fostering a robust small business sector is vital for the city's future. This funding aligns with a broader $500 million pledge made in partnership with Rocket Community Fund in 2021, with over $232 million already allocated. Both BLD and MBBA will enhance their initiatives to promote economic growth, ensuring Detroit's prosperity benefits all its residents. For further details, visit blackleadersdetroit.org or michiganblackbusinessalliance.org.