George W. Jackson, Jr., CEO of the Detroit Economic Growth Corporation (DEGC), announced that the nonprofit development agency appointed Congressman Hansen Clarke (MI-13) to DEGC's Board of Directors.
"I am honored that Mayor Bing nominated me to this important position. DEGC will play a key role in turning around our city and region's economy. This position will compliment my efforts in Congress to revitalize business development in Southeast Michigan."
Congressman Clarke recently introduced The Detroit Jobs Trust Fund Act in the House of Representatives. This legislation would reinvest federal tax dollars paid by people and businesses in Detroit to rebuild our city and create jobs. The trust fund would provide an estimated $10 billion over 5 years to pay down the city's debt, develop employment opportunities, enhance public safety, improve education, and rebuild roads and other essential infrastructure. In exchange for receiving these funds, Detroit would reduce its property tax and eliminate its income tax in order to attract business and residential development.
This legislation is cosponsored by a bi-partisan group of more than 30 members of Congress -- including Candice Miller, the Republican representative from Macomb County.
"That's out-of-the box thinking that I respect," said Oakland County Executive L. Brooks Patterson, a Republican, "It's that kind of innovation and creativity that might just stop the hemorrhaging and save the city."
The DEGC is a non-profit organization that serves as the lead agency implementing business retention, attraction and economic development initiatives in the city of Detroit.