Comerica Bank’s investment in the 2016 Hatch Detroit entrepreneurship program has increased.
The annual contest is an opportunity for a business owner to win a $50,000 grant to open a retail business in Detroit, Highland Park or Hamtramck.
The prize includes a grant for branding and logo design from advertising agency Team Detroit and a package of technical, accounting and legal support.
Hatch Detroit was started in 2011 to attract new retailers to vacant storefronts in Detroit neighborhoods.
KEY TAKEAWAYS:
- The public is encouraged to vote on their favorite business concept now through Aug. 18.
- With more than 150 applications submitted to this year’s contest, it’s clear that Detroit is a destination for small businesses
- The winner of the grant is often, but not always, a food-related business.
“A family bakery in Highland Park, sushi restaurant in Corktown and a wine bar in the Grandmont Rosedale neighborhood are just a few of the 10 business ideas are vying for the 2016 Comerica Hatch Detroit grant.”
Original Source: http://www.detroitnews.com/story/entertainment/people/2016/08/12/hatch-detroit-semi-finalists-announced/88638682/