Detroit leaders launch grants for small businesses

DETROIT (AP) — Detroit government, development and philanthropic leaders have launched a grant program 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 say NEIdeas: Rewarding Ideas for Business Growth will give $500,000 to 32 existing small businesses in Detroit, Hamtramck and Highland Park.

Entry for applications opens May 8 and close in June. Thirty applicants will be awarded $10,000 each and two higher-grossing businesses will be awarded $100,000 each.

Organizers say they goal is to recognize businesses that have been “the cornerstone of their communities.”

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COMMENTS (3)

  1. Christopher
    Dec. 28, 2015
    I really do need help financially with my business I've been in business for 30 years and I'm having a little bit of a hard time as economy has changed in business has changed dramatically I am however in the middle of trying to move to a new location but the new location does require quite a bit of renovations including a $7,000 light adjustment for circuitry that we need to operate I have not looked for funding prior and I really don't like to ask for help but I really need it
  2. Stephanie walkes
    Dec. 2, 2014
    Hello. When will you be offering grants again.
    • Jan. 20, 2015
      Hello Stephanie, Yes. We will launch the NEIdeas Challenge again this year. You can look forward to more information in the Spring. Thank you!

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