Motor City Match Celebrates Second Round of Winners

Ali-Wali Child Care Center

On January 25, Mayor Mike Duggan announced the second round of businesses and properties that will share a combined $500,000 in grants to help them open or expand in Detroit’s neighborhood corridors through Motor City Match. Funding for the 10 neighborhood small business projects ranged from $10,000 to $100,000 to help fill gaps in capital needed for the build out or equipment purchase at their locations.

For the first time, building owners were among those to receive grant funding through Motor City Match. Round 2 winners include:

  • I’m Here LLC — $100,000: I’m Here LLC owns the historic Hunter’s Supper Club located at 19344-19350 Livernois Ave. The property and business development company was a “top property” in Round 1 of Motor City Match. Their grant will help support building and façade improvements that will allow the property to house several exciting new businesses, including Round 2 Motor City Match awardee Slyde restaurant.
  • Slyde Restaurant — $45,000: A slider restaurant that uses locally sourced and sustainable ingredients, Slyde will locate in I’m Here LLC’s location at the former Hunter’s Supper Club building on Livernois.
  • Resurget Cineribus LLC — $85,000: A leading a mixed-use redevelopment at 8044 Kercheval Avenue in the West Village business district. The property was listed as a “top property” for new business in Round 1. Their grant will support building improvements that will allow them to host new tenants.
  • Beautiful Bridal LLC — $50,000: A bridal gown boutique opening on E. Jefferson that is co-owned by Vallery Hyduk and reality TV star Keasha Rigsby of “Say Yes to the Dress.
  • Astute Artistry — $50,000: Astute Artistry is a licensed trade school for fashion, film and makeup opening in southwest Detroit.
  • Pharmacy 4 Less — $75,000: An independent retail pharmacy that is expanding to offer patient consultation, prescription and non-prescription products on Gratiot Avenue.
  • Ali-Wali Child Care Center — $10,000: A one of a kind Islamic childcare center that models Montessori education opening in Detroit’s Banglatown neighborhood.
  • Woodbridge Bikes and Coffee — $20,000: A lifestyle retail boutique that will specialize in the commuting cyclist.
  • R&L Color Graphics — $30,000: A graphics, printing and publishing company that documents family legacies in the form of obituaries and photo biographies.
  • Detroit Sip — $35,000: A community gathering space selling Detroit-produced coffee, tea, doughnuts, pastries and other hometown products.

In addition to grants, Motor City Match also announced businesses that will receive business planning assistance, match-making support between businesses and Detroit’s top available properties, and architectural assistance to plan for renovations.

With this latest announcement, Motor City Match has assisted nearly 200 businesses, awarded $1 million in grants, and identified 150 real estate opportunities representing nearly 1.5 million square feet of development potential in Detroit neighborhoods.

The next applications window for businesses looking to apply to Motor City Match opens on March 1 and closes April 1. Qualification requirements, program guidelines and other application details are available at www.MotorCityMatch.com.

Michael Forsyth
Director, Small Business Programs

Motor City Match Round II Coming Jan. 25

motor-city-match_detroits-business-challenge

Nearly 100 more businesses will receive support to start or expand in Detroit as part of the second round of Motor City Match winners. Fifty individuals will receive business planning classes. Others will receive help identifying quality Detroit locations for their business or technical assistance to plan for the buildout of their space. Ten individuals will share in $100,000 in grant funding to help them complete their funding needs and launch their business idea.

In addition to the winners, an additional 50 properties will be added to the list vetted by Motor City Match as top locations to grow businesses in Detroit neighborhoods.

Winners will be announced at 11 a.m. on Monday, Jan. 25. The announcement will take place as part of the Motor City Match Round II Winners Summit at the former site of the St. Columba Episcopal Church. The site is one of several Motor City Match properties available for new businesses in the Jefferson-Chalmers neighborhood.

Following the winners announcement, Motor City Match participants will have the opportunity to attend a business leasing and financing workshop and tour select Motor City Match properties in the surrounding neighborhood.

The summit will also include a Business 2 Business Tradeshow where program participants can meet approved technical assistance providers in the following service areas: legal, accounting and financial planning, marketing and branding, merchandising and interior design, business consulting and construction. A full event schedule will be available at the News and Events section of the Motor City Match website.

Launched by Mayor Duggan earlier last year, Motor City Match connects new and expanding businesses with Detroit’s quality real estate opportunities and provides them with the funding and technical assistance to help them get from idea to open.

Applicants are encouraged to continually reapply to Motor City Match as they move through each stage of the business development process. For example, once a business plan winner is prepared to start looking for a space, they should update their application and resubmit it for a chance to receive additional property selection or buildout support.

Learn more about Motor City Match and the resources available to help grow and expand businesses in Detroit at MotorCityMatch.com.

Michael Forsyth
Director of Small Business Development

Motor City Match Round 3 Open Until January 1 for Businesses, Building Owners

motor-city-match_detroits-business-challenge

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.

Michael Forsyth
Director of Small Business Development

Motor City Match Selects Top Properties for New Business

 

Motor City Match

In the first round of the Motor City Match Building Track, 27 buildings reached the “Make a Match” award phase and received a building assessment and will be marketed as a top destination for new businesses in Detroit. These top properties, along with an additional, 45 eligible properties seeking tenants are listed on the “Make a Match Map” available at www.motorcitymatch.com.

The “Make a Match” properties also will receive priority status as they are matched with top business owners who applied to the Business Track of Motor City Match. Once properties are matched with businesses they will be considered for design-build assistance and grant awards.

Motor City Match supports redevelopment of the city’s neighborhood commercial corridors by pairing building owners with new and expanding businesses in Detroit. It offers $500,000 in matching grants each quarter, as well as technical assistance and support in securing additional business loans.

More than 150 building-owner applications applied to the first round of the Building Track, and another 100 applied for round 2.

More than 350 businesses owners applied to the Business Track of Motor City Match, and results are expected to be announced in October. Meanwhile, the second round of the Business Track is accepting applications through October 1.

For more information about Motor City Match, visit http://www.motorcitymatch.com/

Michael Forsyth
Motor City Match Program Manager

Motor City Match Opens Second Round of Building Applications

building-owner_112

Motor City Match is accepting its second round of building applications through September 1, 2015. This Building Owner Track is for Detroit building owners looking to lease vacant commercial space to quality businesses. Buildings must be structurally sound, in good standing and benefit the community as outlined in program guidelines.

Motor City Match helps businesses locate and thrive in Detroit by matching the best businesses from the city and around the world with Detroit’s best available real estate. The program provides competitive grants, loans and technical assistance to help building and business owners realize their dreams in Detroit.

Applicants will qualify for one of four award categories:

  1. Get Ready – Applicants who meet basic eligibility criteria will have their property listed as available on the Motor City Match website.
  2. Make a Match – Building owners reaching this level will receive a building assessment and be marketed as a top destination for new business in Detroit. These building owners will receive 1:1 match making with top businesses from the Business Track. Up to 25 businesses and 25 building owners will reach the Make a Match category.
  3. Make a Plan – Building and business owners at this stage have recently signed a lease but need help planning building renovations and tenant improvements. These participants will receive design/build assistance, connections to Detroit builders, financial planning assistance, and priority permitting. Up to seven building owners and seven businesses will reach the Make a Plan category.
  4. Match Your Cash – Applicants reaching this round will already have a tenant secured, a plan for build-out and strong of understanding of the money needed to complete building renovations at the space. At this point, building and business owners will have the opportunity to apply to Motor City Match lending partners for financing. If there are gaps in financing, applicants will be considered for 1:1 matching grants that are paid on a reimbursement basis. Up to 10 grant awards will be issued per round for a total of $500,000 to both building and business owners. Maximum grant awards are $100,000 per project.

For more information and to apply by September 1, 2015 visit www.motorcitymatch.com/building-owner.

Michael Forsyth
Motor City Match Program Manager