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Supporting Small Business Growth

At the center of Detroit’s economic revitalization is our robust small-business community. Home-grown restaurants, retail and other stores are bringing all corners of the city to life. Small businesses are transforming Detroit into a more walkable place–from major thoroughfares like Woodward, to neighborhoods throughout the city. DEGC provides a host of resources to help startups and established businesses grow, succeed and generate even more economic vitality.

 


Motor City Match

Motor City Match is a unique partnership between the City of Detroit, the Detroit Economic Growth Corporation (DEGC), the Economic Development Corporation of the City of Detroit (EDC) and the U.S. Department of Housing and Urban Development (HUD). Competitive financial assistance is supported by a broad partnership of Southeast Michigan community development financial institutions and corporations including, Bank of America, Fifth Third Bank, Ford Foundation, Fred A. and Barbara M. Erb Foundation, Hudson Webber Foundation, JPMorgan Chase & Co., Knight Foundation, The Kresge Foundation, New Economy Initiative and the W.K. Kellogg Foundation. Motor City Match applications are available quarterly.

Motor City Re-Store

Motor City Re-Store is managed by the Small Business Team at the DEGC and is available to entrepreneurs who are currently open and operating a commercial storefront in the city of Detroit, including their landlords. The program is supported by a combination of Community Development Block Grant dollars and other funders. The Economic Development Corporation of the City of Detroit (EDC) has stewardship of the public funds and has approved funding to develop the program.

District Business Liaisons

What are DBLs? These seven district representatives serve a sole purpose – to create an optimal environment for doing business in Detroit. DBLs are advocates for business owners in each city council district within the city of Detroit.

D2D

Keeping revenue in the city and Detroiters employed is the goal of D2D. This program connects buyers and sellers in the city’s robust B2B market to increase local procurement and business revenues.

Neighborhood Retail Study

The Detroit Economic Growth Corporation (DEGC) recently commissioned a study to learn how to recapture some of the $2.6 billion that leaves the city limits annually – money residents spend in Detroit’s suburbs because the products and services they need are simply not available in their neighborhoods. With the knowledge of specific buying habits, we can work with retailers to mitigate business risk and help neighborhoods fill vacant storefronts.

Small Business Resources

Detroit’s small-business owners have many resources available to improve their skills, operations and networks. Through the BizGrid, small businesses gain access to over 80 service providers across the city of Detroit.