Friday, July 26, 2013

Impact of Detroit Bankruptcy on Nonprofits

An article in The NonProfit Times discusses the likely effects of the City of Detroit’s filing for bankruptcy on local nonprofits.  The article cites a number of nonprofit leaders who have been working in the Detroit area through these recent years of economic hardship.  The general thrust of their comments is that local nonprofits have already made major adjustments to cope with the distressed economy, and that the mood is cautiously optimistic that they will continue to do so, even as the bankruptcy presents new challenges, and perhaps new opportunities.


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