Newest Motor City Match business, Lab Drawer, opens in Detroit to provide children STEAM educational kits
The Lab Drawer offers STEAM (Science, Technology, Engineering, the Arts & Mathematics) experiences and learning to aspiring young children ages 10-14. Motor City Match has awarded $10.1M in cash grants, 85% of overall winners are minority-owned businesses and 74%...
The critical role of incentives in Detroit’s economic development
Kevin Johnson, DEGC President & CEO For too many years, blighted and vacant buildings like the former Cadillac Stamping Plant and Michigan Central Station sat as reminders to the world of what Detroit once was, and what it had become. Thanks to tools that enable...
BuyDetroit hosts first in-person buyer, supplier matchmaking event
More than 100 companies looking to increase spending with Detroit businesses recently attended Meet the Buyer, the first in-person matchmaking event hosted by BuyDetroit. Local suppliers representing a variety of sectors staffed booths in Detroit’s Beacon Park to...
What will a post-pandemic economy look like for Detroit?
As more Detroiters are becoming vaccinated and the COVID-19 infection rate continues to fall, our city is transitioning to a post-pandemic economy. What that actually means is a question on everyone’s mind. There are those who believe we will never truly recover from...
Michigan named a “top state” for new manufacturing jobs and investment; award recognizes projects in Detroit among state’s biggest wins
Powered by the creation of 2,619 new jobs statewide and more than $441.8 million in private investment, Area Development has awarded Michigan a Manufacturing Gold Shovel. The magazine recognized Michigan as a top state for new manufacturing jobs and investments in its...
Get vaccinated to help us get back to business
COVID-19 has maintained its stronghold on Detroit’s economy, preventing small businesses from returning to any type of normalcy. Today, most small business owners are still dependent on external aid to keep their doors open. The Detroit Economic Growth Corporation...
Detroit Economic Growth Corporation Distributes $7.25 Million in Restart Grants to Over 900 Detroit Small Businesses for COVID-19 Assistance
More than 900 Detroit small businesses will receive grants of up to $20,000 to help with operating expenses Majority of recipients are Black-, women-, and veteran-owned businesses Restart Grant is second financial relief program in partnership with Michigan Economic...
Detroit small businesses are getting help but still need our support
To date, DEGC has administered two COVID-19 financial relief programs to help Detroit small businesses stay solvent during the pandemic. The first program provided a total of $4 million to more than 730 Detroit businesses between April and June. The second, the...