Round four of Motor City Match, Mayor Mike Duggan’s business development program, saw 11 more winners emerge recently. These businesses will receive grant funding to help them grow or expand in Detroit’s neighborhood business corridors.
The grants range in size from $15,000 to $75,000 and have been awarded to a variety of small businesses, including a cycling studio, a butcher shop, and a musical instrument retailer.
Motor City Match connects new and expanding businesses with Detroit real estate opportunities and provides them with the funding and technical support needed to help them succeed. Each quarter, up to $500,000 in grand funding is available along with business planning classes and other technical assistance.
With this most recent round of awards, Motor City Match has provided $2 million in funds to nearly 40 small businesses. Those funds have helped to leverage a total of $13 million in investment in these ventures.
Round four winners include $75,000 grant awardee Twisted Roots, a beauty supply store located in the Eastern Market area, and $70,000 grant winner Block Party LLC, a property owner developing a space on Livernois that will house multiple tenants.
Other winners include:
- Detroit Vegan Soul
- Meta Physica Wellness
- Live Cycle Detroit
- Third Wave Music
- Demitart Gourmet
- Beau Bien Fine Foods
“These are the kinds of businesses that help to create complete neighborhoods where people want to live,” said Mayor Duggan. “Motor City Match is helping dozens of Detroit entrepreneurs live their dream owning their own business while being a real part of our city’s neighborhood comeback.”
To date, Motor City Match has supported 385 businesses and 227 properties. Of the businesses that receive grants, 72 percent are minority-owned, and 68 percent are woman-owned.
“Every quarter Motor City Match is supporting roughly 100 new businesses to help them get open in Detroit,” said Detroit Economic Growth Corporation CEO Rodrick Miller. “Not all of them are opening at once, but we are creating a pipeline of entrepreneurs who are preparing to go to work providing the goods and services that the people of Detroit want and need – and they’re doing it in the heart of our neighborhoods.”