So far this year, Motor City Match has supported nearly 100 businesses and over 50 properties to help make Detroit the most welcoming city in the nation when it comes to supporting small businesses. The program provides $500,000 each quarter in grant funding, plus business planning, help finding space and design support to help new and expanding businesses succeed in Detroit.
Motor City Match supports business owners at every step of the process, from idea to open. Award levels include:
- Get Ready: Up to 50 businesses will receive business planning classes and be connected with other service providers who will help them shape their business idea beyond the concept phase.
- Make a Match: Entrepreneurs who have their business plan ready and are looking for space are eligible to be matched with Motor City Match properties. Up to 25 businesses will be matched with Detroit’s top 25 available properties through the program. Building owners with vacant commercial real estate also receive a property assessment to document renovation needs and costs, marketing on the Motor City Match website and tours with prospective tenants.
- Make a Plan:Business and building owners that have recently signed a lease but need to undertake a substantial renovation project prior to opening are eligible to receive design support through Motor City Match. Up to seven businesses will receive architectural support to develop construction documents as well as assistance for bidding and permitting the project.
- Match Your Cash: Business and building owners can receive a share of the $500,000 in quarterly grants available through Motor City Match and also get connected to lenders for financing. The grants are designed to fill funding gaps and ensure that the business owner has the funds to carry out their vision. Business and building owners reaching this award level must have a lease in place, a plan for build-out and strong of understanding of the money needed to start their business and complete the renovations of their space.
Anyone interested in entering their commercial building or business idea into the program can apply to Round 3 of the Motor City Match program between Dec. 1 and Jan. 1 to be considered for awards. Application details, qualification requirements and program guidelines are available at www.MotorCityMatch.com.
Also, stay tuned for Round 2 award announcements early next year.
Director of Small Business Development