Last year, the New Economy Initiative and the Detroit Economic Growth Corporation teamed up to award 32 existing small businesses in Detroit, Hamtramck, and Highland Park a combined total of over $500,000 for their ideas for growth.
Instead of focusing on startups like other Detroit business competitions, NEIdeas is designed specifically for small businesses that are at least three years old and have had a lasting impact on their neghborhoods -- established businesses like Touch of Class Restoration, a Brightmoor-based construction and remediation company that used its 2014 NEideas award to buy new equipment and hire a marketing manager, and G + C Style, a 50-year-old storefront barber shop that used its award to expand its services to repairing and sharpening clippers for other barber shops.
In 2014, 30 small businesses each received awards of $10,000, while two businesses with high growth potential each received $100,000.
This year, a whole new group of time-tested Detroit businesses will receive NEIdeas challenge grants. On Thursday, April 16, the 2015 round of the challenge opens with an event at the Bel Air 10 Theater located at 10100 E. 8 Mile Rd. Starting at 10 a.m., winners of the 2014 challenge will be on hand to answer prospective applicants' questions, as will other challenge ambassadors. At 10:30 a.m., Dave Egner, executive director of the NEI, and Rodrick Miller, president and CEO of the DEGC, will give remarks, which will be followed by an NEIdeas information session.
Visit
neideasdetroit.org for more information.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.