DMB Business assistance grants topic of the day with Crain’s Detroit Business
Detroit Means Business
is ready to provide up to $3.4 million in business assistance for Detroit small business owners.
Applications are open through April 30, 2024. According to Detroit Means Business Outreach Director Tenecia Johnson, since the application window opened in October, 256 business owners have filed for a chance at the funding.
“We’ve had applications rolling in,” Johnson said. “We launched a business assistance service provider symposium in July in an effort to bring on partners to work with the businesses. I think we’re being good stewards in offering the program because it helps business owners, their families, and the neighborhoods they operate in.”
Each approved project will receive up to $25,000 in funding that can be applied to professional services. The approved business owners are also eligible for funding for up to five consecutive projects across multiple categories like accounting, marketing and web development, making the total possible award $125,000.
Read more from Crain’s Detroit Business HERE