Detroit leaders launch grants for small businesses

DETROIT (AP) — Detroit government, development and philanthropic leaders launched a grant program Wednesday intended to help boost small businesses in the city and the two communities it surrounds.

Mayor Mike Duggan announced the plans Wednesday with officials from the New Economy Initiative, Community Foundation for Southeast Michigan and the Detroit Economic Growth Corp. They said NEIdeas: Rewarding Ideas for Business Growth will give $500,000 to 32 existing small businesses in Detroit and the enclaves of Hamtramck and Highland Park.

Organizers say the goal is to recognize businesses that have been cornerstones of their communities.

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