Declining industrial regions face a host of problems, including sprawl, economic loss, fragmented governance, and, in the United States, racial segregation and hostility. Using the Detroit metropolitan region as a case, Rick McGahey will compare different theories of regional development and assess the New Economy Initiative (NEI), a $100 million investment by private philanthropic institutions. NEI was supported by foundations interested in addressing economic inequality and racial segregation, but the resulting grants focus more on generic entrepreneurial development. The analysis suggests that philanthropy is challenged in addressing economic decline and racial divisions, in part because it does not use a specific framework making equity a central aspect of development.
Rick McGahey teaches at the Milano School of International Affairs, Management, and Urban Policy at The New School. He has a Ph.D. in economics from The New School, and has worked extensively in public policy and philanthropy. His public service work includes working as economic policy advisor to Sen. Edward Kennedy, as executive director of the Congressional Joint Economic Committee, and as assistant secretary for policy at the U.S. Department of Labor. At the Ford Foundation, he was director of impact assessment, and he consults with several foundations on strategy assessment.
This event, sponsored by the Center for Public Policy and Administration, is free and open to all.