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.

A final information session is scheduled Thursday at TechTown in Detroit.

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.

Click here for more information.


Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s