The Dallas Weekly | GrowSouth Initiative receives second major donation

By September 27, 2012In The News

Mayor Mike Rawlings announced last week that Dallas-based Highland Capital Management, L.P., has stepped forward to donate $50,000 to the GrowSouth Community Fund, held at the Communities Foundation of Texas. As the second donor to the fund, Highland Capital Management’s gift will help Mayor Rawlings to fund initiatives in Southern Dallas, such as the needs inventory for his adopted schools, demolition of vacant homes, and small-business initiatives.

Highland Capital Management, L.P. is an SEC-registered investment adviser, which together with its affiliates, has approximately $19 billion of assets under management.

“Highland Capital Management’s gift of $50,000 delivers a huge boost to our 10-step GrowSouth strategy that was launched just a few weeks ago,” said Mayor Rawlings. “We greatly appreciate Highland for recognizing its importance and the value in investing in Southern Dallas. With their support and that of many others, we believe we can help bridge the socioeconomic divide and move our entire city and metropolitan area forward.”

Earlier this year, Mayor Rawlings unveiled his 10-step GrowSouth strategy with the announcement that Comerica had contributed $50,000. Acknowledging that there is “more to be done,” Mayor Rawlings today used a large 10-item checklist to challenge the Dallas business community to help complete the fundraising effort to raise $500,000 for GrowSouth initiative.

“As a Dallas-based company, we recognize the need but also the vast potential that Southern Dallas holds, and we are proud to stand with Mayor Rawlings to support this important endeavor to make Dallas a better place to live and work for everyone,” said Mark Okada, Co-founder and Chief Investment Officer of Highland Capital Management.

The components of Mayor Rawlings’ 10-point checklist are strengthen and engage neighborhoods, clean up neglected areas, strengthen schools, debunk the myths and rebrand Southern Dallas, create a private investment fund for Southern Dallas, continue revitalization of downtown that feeds surrounding communities, implement the West Dallas Design Plan, develop the Lancaster Corridor, make Jefferson Blvd. the Main Street for Southern Dallas, and provide key infrastructure that will help develop the Education/SE Oak Cliff Corridor.

To learn more or donate to the GrowSouth Community Fund, held at the Communities Foundation of Texas, and GrowSouth, please contact Shawn Williams at 214-670-4054.