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:
- Get Ready – Applicants who meet basic eligibility criteria will have their property listed as available on the Motor City Match website.
- 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.
- 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.
- 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.
Motor City Match Program Manager