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.
Director of Small Business Development