Vice President Biden and Mayor Duggan announced the winners of round six of Motor City Match today at the former Third Precinct in southwest Detroit, a building that Southwest Solutions rehabilitated and re-purposed to promote local business development.
The reason this building was chosen as the site for the announcement is that one of the businesses it houses is the Detroit School for Digital Technology (DSDT), which received a Motor City Match grant in a previous round.
For round six, 15 Detroit entrepreneurs were awarded a total of $600K in grants to open or expand their business in the city. The winning businesses, which received grants ranging from $10K to $75K, include:
- Youth empowerment center
- Artist’s incubator
- Several restaurants and cafes
- Custom furniture and housewares manufacturer
- Metalsmithing and jewelry making studio
- Massage therapy center
Since the program was launched nearly two years ago, Motor City Match has distributed nearly $3 million in grant funds to more than 60 local businesses and assisted more than 570 entrepreneurs.
Every three months, 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.
Today, Vice President Biden himself helped the Mayor hand out the awards.
“Vice President Biden and the Obama administration have been tremendous friends and supporters of the city of Detroit, so it’s great to have the Vice President in our city one more time to participate in this great event,” said Mayor Mike Duggan. “The Motor City Match program is just one example of how federal support is helping Detroit to grow its economy by supporting its entrepreneurs.”
Motor City Match (MCM) is funded with more than $7 million in federal community block grant funds distributed to Detroit, as well as with city funds approved by Detroit City Council and support from local foundations.
Among the winning MCM businesses so far:
- 76% are minority owned
- 54% are minority-women owned
- 68% are women owned
- 62% of are owned by native Detroiters
Applications are available on the first day of each financial quarter. The next application window for building and business owners to apply to Motor City Match will be open from March 1, 2017 to April 1, 2017. Application details are available at the Motor City Match site..