Mayor Mike Duggan joined Detroit Means Business (DMB), a coalition fostering small business growth in Detroit, to announce a $3.4 million grant from the Michigan Economic Development Corporation (MEDC). The funds will create 25 Small Business Support Hubs assisting Detroit entrepreneurs across the city. The announcement took place at an event held at the BUILD Institute, one of the locations that will house a future support hub.
The 25 hubs will be in organizations deeply embedded in Detroit-serving organizations, such as BUILD Institute, ProsperUs, Metro Detroit Black Business Alliance, Highland Park Community Kitchen, Milestone Growth Capital and Black Leaders Detroit. Their neighborhood ties and focus on empowering people of color will help the hubs effectively serve Detroit’s diverse small business community. Following the press conference, the organizations held a signing ceremony formalizing their partnership to establish the small business hubs..
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