Detroit People’s Platform and the Equitable Detroit Coalition’s Juneteenth 2020 Declaration and
Call for a Community Benefit Agreement for Racial and Economic Justice
Detroit Corporations that benefit from public investment and tax abatements have an opportunity to live into their public declarations against racism by endorsing a Community Benefit Agreement for Racial and Economic Justice.
Recently, Mayor Mike Duggan hosted a press conference with leaders of nine of Detroit’s largest corporations. The press conference addressed both the local and national public outcry and demands for broader structural and systemic change brought on by the deaths of George Floyd, Ahmaud Arbery, and Breonna Taylor.
Each of the leaders stepped up to the mic, removed their mask and asserted their company’s commitment to addressing racial justice in generalized terms, many that emphasized counterproductive and played out concepts like diversity and inclusion.
At the Mayor’s press conference the companies agreed to four commitments:
- Rejecting and eliminating all forms of bias, racism, sexism and violence within their communities and companies.
- Calling upon appropriate government officials to hold accountable all individuals involved in the deaths that have occurred.
- Supporting the calls for an independent prosecution of those accused in order to demonstrate fairness and eliminate any possible conflicts in the course of the judicial process.
- Investing in programs and policies to help transform the disparities that exist within their communities in partnership with local and national leaders.
Since the city’s municipal bankruptcy in 2014 these corporations have been awarded nearly $1.6 Billion in tax abatements and public subsidies in the nation’s largest and poorest majority Black city.
Quicken Loans Inc.
Jay Farner, CEO
$618 Million in Public Investment
Fiat Chrysler Automobiles
Mark Stewart, COO North America
up to $420 Million in Public Investment
Christopher Ilitch, CEO includes LCA
$324 Million in Public Investment
Ford Motor Co.
Bill Ford Jr., Executive Chairman
$238 Million in Public Investment
TCF Financial Corp.
Gary Torgow, Executive Chairman
$30 Million in Public Investment
That’s nearly $1.6 BILLION in Public Investment between 5 Corporations!
Also in attendance at the Mayor’s press confrence were:
Henry Ford Health Systems, Wright Lassiter, CEO
Gerry Anderson, executive chairman of DTE Energy Co.
Dan Loepp, CEO of Blue Cross Blue Shield of Michigan
General Motors Co. CEO Mary Barra
*Editor’s Note: These numbers are based on the most recently published press data.
Join the campaign for a Racial and Economic Justice Community Benefits Agreement with Detroit Corporations that receive tax incentives and public subsidies.
Watch for future details and action alerts.