Loan fund established for Livernois businesses impacted by streetscape construction
We are Detroit’s economic catalyst.
For 40 years, Detroit Economic Growth Corporation has been Detroit’s economic revitalization engine. We are the city’s connective tissue, dedicated to creating opportunity and prosperity for everyone. We are innovation, collaboration, and integrity, and we can help you find your place in Detroit’s growing economy.
DEGC is Detroit's business advantage.
DEGC is a one stop shop for a variety of development and retention resources. If you’re a corporation looking to invest, relocate a facility or make Detroit your home, DEGC can help you find success. For homegrown startups and long-time business owners, DEGC offers support services from business planning and grant assistance to façade improvements.
Livernois Small Business Loan Fund
The DEGC, City of Detroit and partner lending institutions have launched a pilot loan program to support small businesses during the Livernois Streetscape construction project. Based on their pre-Streetscape revenues, eligible business owners can borrow between $5,000 and $20,000. The first payment on approved loans is due one year after closing. After making 24 months of payments, business owners can have the remaining 36 months (60 percent) of their loans forgiven.
Detroit has hi-tech, healthcare and everything in between. We’re well positioned to help businesses in key sectors find success.
Modern, historic, iconic, industrial, residential—real estate options and opportunities abound in Detroit. The city is studded with affordable property perfect for living and working, and DEGC provides the most current information on available real estate in Detroit.
Small businesses are the backbone of every great city, providing jobs, goods and services, and a sense of community. DEGC focuses several specific programs to connect both new and seasoned business owners with emerging opportunities.