DEGC, Bank of America working together to support Detroit’s small businesses
Small businesses are the heart of Detroit, and the Detroit Economic Growth Corporation (DEGC) is actively supporting the city’s entrepreneurs by partnering with various community partners and businesses. “At the DEGC, we understand that consistent efforts to...
Motor City Match awards more than $1.3 million in cash grants to support 32 new & existing Detroit businesses
Round 21 recipients include 17 new businesses and 15 existing businesses Winners include new businesses ranging from a community-owned grocery store to a construction trades training center, fabric and upholstery stores and wine & book bar 74% are minority-owned...
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...