As the Motor City Match program begins to look forward to 2017, it’s hard not to be optimistic for the new year. The program has helped make Detroit one of the most welcoming cities in the nation when it comes to supporting small businesses.
Since its inception, Motor City Match has supported nearly 500 businesses. Two-thirds of those businesses are owned by Detroiters and more than 70 percent are minority-owned. Not all of the businesses are open yet, but they are all actively making progress. In the coming months, we will see several more coffee shops, art centers, health care facilities, small manufacturers, and service providers open or expand in the heart of Detroit neighborhoods.
The program has awarded a total of $2.3 million in grants to date. When combined with each entrepreneurs’ personal investment and traditional financing, the grants have helped leverage a total of $14 million invested in Detroit’s neighborhood corridors. Several areas of the city are quickly becoming hot spots for Motor City Match businesses, including Jefferson-Chalmers, West Village, Corktown and the Avenue of Fashion at Livernois and 7 Mile.
Entrepreneurs and property owners still interested in applying for support through Motor City Match have one more opportunity before the end of the year. Applications will be open from December 1, 2016 through January 1, 2017.
There will be an information session on December 20 to answer questions about the application process. The event will be held from 6:00 – 8:30 p.m. at the Bel Air Luxury Cinema, 10100 E. 8 Mile Rd., Detroit. To register for the information session and review Motor City Match qualification requirements and program guidelines, please visit www.MotorCityMatch.com.
Director of Small Business Services