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DETROIT RENAISSANCE APPROVES ADDITIONAL FUNDING FOR THE DETROIT COMPACT

DETROIT RENAISSANCE APPROVES ADDITIONAL FUNDING FOR THE DETROIT COMPACT
 DETROIT, July 23 /PRNewswire/ -- The board of directors of Detroit Renaissance has approved $8.8 million in additional funding for the highly successful Detroit Compact. This action assures the business community's commitment to complete the Detroit Compact process through the year 2003 for all neighborhood middle and high schools in the Detroit district.
 With this action, Detroit Renaissance will have nearly doubled its investment in the Compact from its current $9.95 million commitment. The new financial support will also aid in efforts to secure nearly $80 million from other sources.
 The continued funding is a direct result of the Compact's initial success and growth since its start in 1989. In the program's three-year history, more than 15,000 students from 21 schools have participated. An additional six schools and 7,000 students will join in the 1992-1993 school year.
 According to an independent two-year evaluation, the Compact has significantly impacted the quality of education in the Detroit Public Schools due to the high standards set by a coalition from the community, including business leaders, students, parents and educators.
 Detroit Renaissance, a non-profit organization founded in 1970 for the economic and physical revitalization of Detroit, is under the leadership of 37 chief executive officers of corporations in the metropolitan Detroit area. Gov. John Engler and Mayor Coleman Young serve as honorary co-chairmen.
 -0- 7/23/92
 /CONTACT: Keith Kaminski of Detroit Renaissance, 313-259-5400; or Anne Sherwood of the Greater Detroit Chamber of Commerce, 313-964-4000/ CO: Detroit Renaissance ST: Michigan IN: SU:


JG-ML -- DE021 -- 2691 07/23/92 15:54 EDT
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Publication:PR Newswire
Date:Jul 23, 1992
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