DETROIT (AP) — Small businesses in the Detroit area with innovative growth plans can compete for $10,000 each.
The deadline to apply for the New Economy Growth Initiative’s Rewarding Ideas for Business Growth Challenge is Friday. Organizers say 26 existing small businesses will receive awards.READ MORE: Michigan Voters Urged To Hand-Deliver Absentee Ballots
A final information session is scheduled Thursday at TechTown in Detroit.READ MORE: Detroit Animal Care To Hold ‘Howl-O-Ween’ Adoption Event October 28-31
NEIdeas offers grants to for-profit businesses that are at least three years old and located in Detroit, Hamtramck or Highland Park. The companies are asked to share their ideas to grow in a straightforward, 400-word application.
Since 2014, NEIdeas has awarded 118 local businesses nearly $2 million and connected hundreds of others to technical assistance opportunities. More than 70 percent of past winners are minority-owned businesses and 60 percent are owned by women.MORE NEWS: FEMA Extends Deadline To Apply For Assistance Due To Damage During June 25-26 Floods
Click here for more information.