One of the biggest challenges for Detroit business is access to capital. After all, in a community that faces large amounts of institutional poverty, it’s not like there’s family to lean on for a few thousand dollars to get to the next level.
There have been a lot of businesses that have been forever stuck because they don’t have access to the most basic of capital needs.
So we talked with Matthew J. Lewis from the New Economy Initiative about their program to award 26 businesses $10,000 each.
We talked about how to apply, what you need to know and how to get a leg up on your competition — after all, there will be hundreds of people applying and we want Daily Detroit listeners to be at the top of the heap. Here’s that conversation.