top of page

NEWSROOM
RECENT HEADLINES


Hastings Market opens, giving emerging Detroit entrepreneurs a rent-free shot at retail
Hastings Market officially opened its doors on Wednesday, September 9, giving a new group of emerging Detroit entrepreneurs a chance to test their retail concepts without the overhead that usually comes with it.
The market is the centerpiece of the NextUP313 Retail Incubator, a program built for Detroit residents and retailers ages 18 to 30 who want to see if a brick-and-mortar business can work before they commit to the rent, loans and build-out costs that typicall

DEGC
Sep 153 min read


Detroit launches Round 2 of Detroit Startup Fund to fuel job creation and startup growth
Detroit Mayor Mary Sheffield, the Detroit Economic Growth Corporation (DEGC) and startup ecosystem leaders announced the launch of Round 2 of the Detroit Startup Fund at a press conference today at Newlab Detroit. Round 2 will feature $300,000 in grants to 13 tech startups to fuel innovation that improves life for Detroiters, retains talent, and supports job creation.

DEGC
Feb 34 min read


Detroit Launches new Detroit Capital Hub in Partnership with local lenders to increase access to capital
The City of Detroit and the Detroit Economic Growth Corporation (DEGC) today announced the launch of the Detroit Capital Hub, an innovative online platform that makes it easier for Detroit entrepreneurs and small business owners to connect with local Community Development Financial Institutions (CDFIs).

DEGC
Sep 23, 20254 min read


Detroit launches first-of-its-kind $700,000 Startup Fund to fuel job creation and talent retention
Detroit Mayor Mike Duggan today joined with Detroit Economic Growth Corporation (DEGC) officials, City Council President Mary Sheffield, and startup ecosystem leaders announced the launch the first-of-its-kind Detroit Startup Fund. The $700,000 initiative will distribute grants to Detroit-based tech startups over the next year in its first round.

DEGC
Jul 28, 20254 min read


2025 DMB Summit champions collaboration as key to economic growth for Detroit small businesses
Nearly 200 Detroit entrepreneurs gathered at Hollywood Casino Detroit for the 2025 Detroit Means Business Summit, themed “Return to Collaboration,” focusing on how ecosystem partners can work together to better serve local businesses

DEGC
Jun 2, 20254 min read


Detroit honors its backbone: 16 legacy businesses awarded $300K+ in grants
When we talk about economic growth, we can’t just focus on the shiny new. Real Detroit economic development means honoring the businesses...

DEGC
Apr 1, 20253 min read


Mayor Duggan, Detroit Means Business announce $3.4 million grant to establish 25 Small Business Support Hubs
Collaborative effort by Detroit Economic Growth Corporation, DEGC-affiliate Detroit Means Business and local organizations to foster...

DEGC
Mar 3, 20245 min read


Registration now open for rescheduled BuyDetroit Passport 2 Procurement Conference 2
Registration is now open for the rescheduled BuyDetroit Passport 2 Procurement Conference 2. Passport 2 Procurement Conference 2 will be...

DEGC
Nov 30, 20231 min read


Detroit's art scene gets a boost with Motor City Match grant for beloved community art gallery
Founded over 30 years ago, Mac Galleries has become a hub for local artists and a place for the arts to thrive and inspire. The gallery...

DEGC
Oct 25, 20234 min read


Motor City Match invites applications for Round 24 grant awards
Motor City Match, a groundbreaking initiative aimed at turning Detroit residents into thriving entrepreneurs, is now accepting...

DEGC
Jun 1, 20231 min read


Motor City Match winner aims to revive the lost art of quilting
Umi’s Comfort is a black woman-owned small business offering handmade, custom quilts, pillows and quilting classes.

DEGC
Nov 10, 20223 min read


Daymond John, co-star of Shark Tank, will headline event equipping Detroit small businesses with tools for national expansion
BuyDetroit, a small business initiative of the DEGC, is bringing in a famous investor and fashion mogul to headline an event connecting D...

DEGC
Oct 14, 20223 min read


Motor City Match winner creates inclusive space for underrepresented communities to practice yoga and healthy living
Welcome Home Yoga & Wellness is a woman-owned and LGTBQ+ studio that offers yoga and meditation classes and other self-care practices

DEGC
Oct 11, 20223 min read


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 childre...

DEGC
Oct 5, 20223 min read


Planting seeds: Detroit Means Business event fosters connections for Detroit small businesses to grow and thrive
A local event aims to help Detroit entrepreneurs sow seeds for future financial success. Detroit Means Business will host “Small Business...

DEGC
Sep 12, 20222 min read


Development of the former State Fairgrounds will bring jobs and opportunity to Detroiters
Development of the former State Fairgrounds will bring jobs and opportunity to Detroiters.

DEGC
Aug 13, 20202 min read


Several financial aid packages available for Detroit and Wayne County small businesses
Several financial aid packages available for Detroit and Wayne County small businesses impacted by COVID-19.

DEGC
Apr 2, 20202 min read


Black women opening new businesses at record pace in Detroit, nationally
As black women open new businesses at a record pace in Detroit, Detroit Economic Growth Corporation and Motor City Match ensure they have...

DEGC
Mar 9, 20203 min read


Narrow Way Cafe & Shop Opens on Avenue of Fashion
The Avenue of Fashion welcomed its newest business last week when Narrow Way Café & Shop, recipient of a Motor City Match grant, celebrat...

DEGC
Aug 9, 20171 min read


Supporting Small Business in Detroit
DEGC’s marquee programs for Detroit small businesses — Motor City Match and Motor City Re-Store — are grabbing some great headlines, but ...

DEGC
Jul 14, 20171 min read
bottom of page





