 |
| Photo: Matthew Naimi |
Showing posts with label New Detroit Business. Show all posts
Showing posts with label New Detroit Business. Show all posts
 |
| Photo: Freep |
Vice President Joe Biden joined Detroit Mayor Mike Duggan today at ceremonies where 15 Detroit entrepreneurs earned Motor City Match grants to open or expand their business in the city.
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. This sixth round of grant awards, totaling $600,000, is the largest amount ever offered in a single round since the program’s inception.
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.
“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 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.
The program has helped to create a strong pipeline of businesses in various stages of development. More than 570 entrepreneurs have received assistance through Motor City Match, including more than 60 that have received grant funds. So far, 15 MCM businesses have opened or expanded and 17 more are under construction with openings expected in 2017.
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
In the program’s sixth round, grants ranged from $10,000 to $75,000 and winning businesses include:
· Youth empowerment center
· Artist’s incubator
· Several restaurants and cafes
· Custom furniture and housewares manufacturer
· Metalsmithing and jewelry making studio
· Bookstore
· Massage therapy center
Among the Round 6 recipients is Karissma Pringle, a young designer and creator of precious and semi-precious metal jewelry, who will be opening a design and manufacturing studio in a Quonset hut in the True North art-centered development on Grand River Avenue. Pringle is a Detroit native who has grown an international reputation for her skills. She returned to Detroit to expand her business, which will include casting services for other jewelry designers and a retail space. Her $35,000 grant will help with purchasing equipment and other startup costs.
As Motor City Match progresses into its second year, businesses are opening or expanding into neighborhoods that have seen very few new businesses open for a long time, said Mayor Mike Duggan. “Detroiters always have had an entrepreneurial spirit and Motor City Match is helping more of them to live out their dream to become their own boss and play a larger role in Detroit’s comeback.”
Along with grants, Motor City Match provides assistance to entrepreneurs who need help writing a business plan, finding a space or planning a renovation. Other Round 6 award levels included the following:
· 50 Business Plan Awardees
· 26 Space Awardees
· 8 Design Awardees
Today’s awards presentation was held inside a Motor City Match winning business, which re-activated a vacant Detroit Police Department precinct headquarters into a training center and business hub. The Detroit School for Digital Technology (DSDT) is located in the old Detroit Police Department Third Precinct building. DSDT is a post-secondary school focused on 21st century media technologies, including video, graphic design, 3D printing and coding. Jamie Kothe, school director and CEO, was a Motor City Match Round 1 Space awardee and a Round 2 Cash awardee. Funds from the Cash award supported the renovation of the DSDT space.
“Motor City Match has exceeded our expectations and is quickly becoming a national model for how to revitalize neighborhoods through small business and support for diverse urban entrepreneurs.” said Detroit Economic Growth Corporation President and CEO, Rodrick Miller.
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 www.MotorCityMatch.com.
ZAGAT's 26 Hottest Food Cities of 2016
It was an incredible year for dining across the U.S. in 2016. With chefs from NY, Chicago and SF moving to smaller markets like Denver, Charlotte, Seattle and Charleston (among others), culinary innovation is booming in cities big and small. But which food town had the biggest growth spurt this year? For one final look back, we've asked editors around the country to make a case for the city they believe had the biggest year in food by assessing the number of exciting new openings, award recognition and national media attention. Then we let some of the top food media brass weigh in on which locales were most exciting.
 |
| Photo: Marvin Shaouni |
The Motor City has gone through a lot of, shall we say, changes over the last few decades. Celebrity chef and James Beard award-winner Michael Symon is often credited with kick-starting the city's food revival when he opened Roast in 2008. Now, Roast alums have opened some of the city’s hottest and most critically acclaimed spots, like Selden Standard, which this year garnered chef Andy Hollyday his second James Beard award nomination. Nick Janutol, who cut his teeth at top-rated restaurants like Eleven Madison Park in New York and Ria in Chicago, also picked up a James Beard nom this year for his work at Forest Grill. And Top Chef contestant James Rigato, of Hazel Park's year-old Mabel Gray, also received a James Beard award nomination, and won acclaim from Eater's Bill Addison with a spot on his Best New Restaurants in America list. Adorable new pastry shop Sister Pie got some love from both Eater and Bon Appetit, earning a nomination for their best new restaurant lists. Other big openings in 2016 include ultrahip Thai spot Katoi from chef Brad Greenhill; Grey Ghost Detroit, which was opened by two well-known Chicago chefs (yes, chefs are leaving other cities to come to Detroit now!); and Chinese-American restaurant The Peterboro, opened by the owners of much-loved Motown spots Wright & Co. and Sugar House. And there's more in store: Twice-nominated James Beard Rising Star of the Year Garrett Lipar's new tasting table spot Albena and Townhouse owner Jeremy Sasson's new modern steakhouse Prime + Proper are two of the city's most anticipated restaurants for 2017. Standbys also got their due: Classic Lebanese spot Al Ameer became the first Michigan restaurant to win the JBF America's Classic award this year.
Meanwhile, Detroit's influence elsewhere continues to grow with the rise of Detroit-style pizza in NYC (Emmy Squared, Talde's new Massoni) as well as expats the Sussman brothers opening two Detroit-inspired concepts in Brooklyn, including a short-lived homage to the hometown icon, the Coney Island diner. Will we see more NYC chefs expanding to Detroit? You betcha. It was also announced this year that NYC Italian chef Andrew Carmellini would be in charge of the food at the upcoming Shinola Hotel in Detroit, opening in 2018.
Click HERE For The Full Article!!!!!
DETROIT, MICHIGAN
Where to Stay
In the next year alone, a host of new hotels are set to open in downtown Detroit: From Foundation Hotel’s renovation planned to finish in early 2017 to The Shinola Hotel, scheduled to open in 2018, there’s a reason big hospitality names are inking deals in the city. Basing yourself at the newly opened Trumbull & Porter hotel, enjoy a luxe stay in the city’s first boutique property, located in the historic Corktown neighborhood. Cycle the town using on-property rentals from Detroit Bikes, and visit the hotel’s art-inspired courtyard in the evenings for live music. For the art lovers, opt for a stay at Aloft Detroit, located in the historic David Whitney Building next to Grand Circus Park.
Where to Eat and Drink
Myriad eateries have opened in Detroit in the past three years, elevating the city’s culinary culture one outpost at a time. Book a table at the James Beard–nominated Mabel Gray, in Hazel Park, to eat chef James Rigato’s modern, seasonal cuisine. Visit another James Beard semifinalist at Selden Standard, where chef Andy Hollyday serves wood-fired-oven fare. Dine on Thai plates at cult favorite Katoi and gnocchi and cannoli at La Rondinella in Eastern Market. Order small plates at the convivial Wright & Company and sip frozen margaritas and down boilermakers at The Skip. End your culinary crawl with a nightcap at swanky outposts like Standby and Sugar House.
Click HERE For The Full Article!
Now celebrating 44 years, Noel Night will be held Saturday, December 3rd, 2016, from 5:00 p.m. to 10:00 p.m. True to its roots, Noel Night continues to be a Cultural Center-wide “Open House,” celebrating the city’s diverse holiday traditions amid the state’s premier arts and cultural institutions, historic churches, galleries, and ever-growing circle of small businesses and restaurants, providing the perfect backdrop for a festive evening packed full of performances to enjoy with family and friends—all free of charge.
Horse-drawn carriage rides, carolers, music, dance, theatre, children’s make & take activities, unique shopping, holiday delectables, and visits with Santa are all part of the evening’s festivities. Noel Night continues to grow each year, now featuring 100 different venues and recently attracted 40,000 visitors in 2015. Over 200 performances are sure to bring the sounds of the season to life.
Click HERE for the Full Noel Night Schedule, Special Installations, Parking & Directions!
 |
| Lear's CEO Matt Simoncini and Mayor Mike Duggan |
Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, opened a world-class Innovation Center today in downtown Detroit located at 119 State Street in historic Capitol Park.
At this Center, Lear plans to develop new automotive products and technologies, incubate non-automotive business opportunities, collaborate with the College for Creative Studies (CCS) on the next generation of automotive seating and vehicle interiors and work with the Wayne State University (WSU) School of Engineering to develop applications for connected cars and alternative energy vehicles.
Lear’s president and chief executive officer Matt Simoncini began the grand opening event by welcoming guests Detroit Mayor Mike Duggan, WSU president Dr. M. Roy Wilson and CCS president Rick Rogers.
Detroit Mayor Mike Duggan commented, "Lear's investment in this new center is another example of how Detroit is building on its history of innovation in automotive design. Thanks to their partners at Wayne State University and the College for Creative Studies, Lear will be able to provide young Detroiters with practical hands-on experience to prepare them for careers in this cutting-edge field."
Planned as a hub for art, creativity, automotive advanced concept development and hands-on learning for Detroit college students, the building at 119 State Street will serve multiple purposes including focusing on innovation and design, inside and outside the automotive industry; working closely with nearby WSU and CCS; and supporting community organizations.
With almost 90% of its furniture designed or built in Detroit and other Michigan locations and featuring noted local graffiti artists, the Lear Innovation Center’s 35,000-square feet will include an open first floor gallery and showroom, modern office environments and work spaces designed to promote creativity as well as a rooftop garden for special events.
Lear purchased the historic (vintage 1887), six-story 119 State Street building located in the city’s resurging Capitol Park neighborhood last September. It has been restored close to its original Victorian Romanesque exterior design, while interior renovations exude an industrial, raw, authentic Detroit style and aesthetic.
Detroit-based co-working company Bamboo Detroit announced it will open a second location in the Julian C. Madison Building at 1420 Washington Blvd inside the historic The Julian C. Madison Building!
Starting in January 2017, Bamboo Detroit will have dedicated desks, private offices, and 6000 square feet it its brand new co-working space! Detroit's Rocket Fiber, also an original Bamboo member, will provide a Gigabit Internet that is 1,000 times faster than average speeds!
Space design by one of their first members, NXT Design.
"Our new home is a perfect fit," Mike Ferlito, co-founder of Bamboo Detroit and a partner at the Ferlito Group. "The building celebrates (African-American engineer) Julian C. Madison's belief that one has to take their destiny in their own hands to progress in life."
Join Bamboo Detroit's waitlist to be the first to know when the brand new offices are available: https://goo.gl/forms/51uqZX0MDGTSqWbw1
 |
| Photo: Vito Paomisano/ Detroit Metro CVB |
You will feel the energy as soon as you get off the plane at Detroit Metropolitan Airport’s McNamara Terminal and make your way through an underground tunnel exploding with a colour-changing light and sound show.
The Light Tunnel uses LED lighting to illuminate glass panels with sand-blasted Michigan artwork in a dazzling, multi-sensory show that’s synchronized to an original score by an Ohio outfit.
“Welcome to Motor City,” the pilot said when we hit the tarmac.
“Welcome to Art City,” is what he should have said.
Something remarkable is happening here. The city is exploding with art and food and activity. Creative types are coming from all over to be part of the transformation.
Stop feeling sorry for Detroit.
Stop being scared of Detroit.
The story here is no longer automobile industry collapse, decline, decay and blight. It’s about a glorious city that birthed the Model T and Motown, that’s coming back better, stronger, artier.
Let Kim Rusinow of Show Me Detroit Tours give you a guided bus tour.
“We’re a blank canvas at this point — we have so many opportunities to be creative,” she enthuses. “Detroit’s coming back and you’re going to want to come back again and again and again.”
There’s Midtown with the “eds, meds and arts.” That’s short for universities, medical centres and Sugar Hill Arts District anchored by the Detroit Institute of Arts and the Museum of Contemporary Art Detroit.
Downtown fills up with passionate sports fans when the Detroit Tigers are playing Comerica Park or the Lions are at Ford Field. Next year, Little Ceasars Arena will give the Red Wings a dynamic home between downtown and Midtown and anchor a new sports and entertainment district called the District Detroit.
Also downtown is Greektown with its three casinos, but I’ll be taking the kids on the Detroit People Mover, with art in all 13 stations. It’s just 75 cents and you can stay on the single-track train loop as long as you want.
Culturally cool Corktown is fully hipster and home to the Detroit Institute of Bagels, Batch Brewing (the city’s first nano brewery), music destinations, such as the UFO Factory and Hostel Detroit, with its free walking tours.
Nearby, along Grand River Ave., it’s all about the street art and graffiti murals. Rebel Nell, Rusinow explains, employs disadvantaged women to repurpose these very graffiti paint chips into jewelry.
“Adaptive reuse” is a term everyone uses here.
The Globe Building, part of an 1860s-era riverfront complex that sat vacant for decades, is now the incredible Outdoor Adventure Center, created by the Michigan Department of Natural Resources.
Inside the centre (the name is a tad misleading), kids experience the great outdoors indoors with hands-on activities, exhibits and simulators. They touch a “waterfall,” climb an “oak tree,” walk across a suspension bridge, “fish” from a boat and take a simulated trail ride on a real snowmobile.
Speaking of transportation, this city is moving beyond cars.
Click HERE For The Full Article!
 |
| Photo: Detroit.Eater.Com |
Standby, Detroit
A bar catering to the creative drinker in Detroit's revitalized arts district
If we gave you directions to Standby in Detroit, it would be something like: Go downtown, turn up an old alley, and then walk straight into an elevator shaft. You’re so in, right? OK, so it’s true that Standby is located behind some strange doors in an alleyway downtown, but it’s a really well lit alleyway! In fact, this strip—known as The Belt—is actually a bustling public art space for the city’s hip, creative class. And Standby is the bar for the creative drinker.
In this sleek space, owner Joe Robinson and his bar team make libations with the strangest ingredients they can find. “Anything I’m unfamiliar with I’m always eager to work with,” Robinson says. Oftentimes he takes field trips to the Asian food markets in nearby Madison Heights looking for unique flavors. On the current menu, their drinks include everything from chrysanthemum flower syrup to milk-washed, black tea gin.
Click HERE To Vote And Read The Full Article!
 |
| Photo: Bedrock |
The New York City-based company was issued a building permit last week for renovations to the ground-floor of 1449 Woodward. This retail space is between the Woodhouse Day Spa and the newly opened Kit + Ace store.
Started in 2010, Warby Parker designs and sells eyeglasses and sunglasses that are typically priced between $95 and $145. The company began as an online-only retailer and has since opened over 30 actual shop locations. Warby Parker's eyewear was initially associated with a "hipster" aesthetic and acquired a broad audience as its popularity grew.
A Warby Parker representative on Tuesday confirmed that the company is planning a Detroit location. The store is to open sometime later this year.
Click HERE For The Full Article!
Hatch Detroit today announced the top four finalists competing for the $50,000 grand prize from Comerica in the 2016 Comerica Hatch Detroit Contest presented by Opportunity Detroit. The general election voting period is now open and the public has until noon Friday, Aug. 26, to cast their vote and do their part in electing the next brick and mortar business in Detroit, Highland Park or Hamtramck.
The final four businesses vying for public votes are:
· Bird Bee -- a lifestyle clothing boutique offering a mix of modern bohemian, vintage inspired and contemporary clothing, shoes, jewelry and accessories.
· Corbé -- a ceramic design and manufacturing studio located in the North End of Detroit looking to open up retail space. They handcraft porcelain wares that are simple and useful, built for the modern home and table.
· Coriander Kitchen & Farm, which is looking to expand their urban farm and catering business into a brick & mortar café featuring casual, affordable, healthy food in a rustic, beautiful environment in Detroit.
· Meta Physica Massage & Sauna, which will open a Wellness Center offering therapeutic bodywork, full spectrum infrared saunas, a raw juice bar, an herbal apothecary and health inspired retail, meditation classes and community workshops.
“A significant component to this contest is the support of the public,” said Vittoria Katanski, executive director of Hatch Detroit. “From the moment the Top 10 are announced to the continued support of our Hatch alumni, the public is our partner. We’ve had more than 21,000 public votes so far in this year’s contest, and we hope the community’s support for these businesses continues to grow.”
Votes can be cast at HatchDetroit.com/vote, Hatch Detroit’s Facebook page or in person at the following locations:
The four finalists will pitch their business plans live to a panel of judges at the Hatch Off event at The M@dison Building in Downtown DetroitFriday, Aug. 26. Public vote and jury deliberations determine the contest winner. In addition to winning $50,000 from Comerica Bank, more than $200,000 in pro bono services including a $25,000 branding and design package from GTB (formally Team Detroit), a 30-second social media advertisement from MCCI, legal services from Honigman Miller Schwartz and Cohn, architectural renderings from Hamilton Anderson Associates and a package of accounting, IT, public relations support, and counsel from Hatch Detroit and its partners, will be awarded to the 2016 Comerica Hatch Detroit Contest winner.
“Each year these entrepreneurs bring forth something new to Detroit,” said Linda Forte, senior vice president of Business Affairs, Comerica Bank. “We know independent small business growth is what keeps cities unique, vibrant and relevant and we are that much closer to finding out which business will continue Detroit on this path.”
For more information, visit www.HatchDetroit.com
 |
| Photo: Shanna Gorga |
Last Night, Hatch Detroit announced the top 10 semi-finalists in the 2016 Comerica Hatch Detroit Contest presented by Opportunity Detroit. The public is invited to cast their ballots for their favorite top 10 businesses during the primary voting period, from Aug 12-18, to determine the four finalists who will compete to win $50,000 from Comerica Bank and more than $200,000 in pro bono services from Hatch Detroit and its partners.
“With more than 150 applications submitted to this year’s contest, it’s clear that Detroit is a destination for small businesses,” said Vittoria Katanski, executive director, Hatch Detroit. “Now it’s up to the community to weigh in on which types of businesses they would like to see in Detroit by voting for their next retail neighbor.”
The top 10 businesses seeking public votes are:
· Ash & Anvil is the first company to design clothes specifically for younger, shorter guys. After launching a successful eCommerce store, they’re expanding to a brick & mortar location.
· Bird Bee is a lifestyle clothing boutique offering a mix of modern bohemian, vintage inspired and contemporary clothing, shoes, jewelry and accessories.
· Brut Detroit will be Grandmont Rosedale’s neighborhood wine bar, making wine approachable, affordable and fun for everyone through wine tastings, events and friendly service.
· Chugga’s Main Street Bakery is a women owned, family operated bakery that is looking to open in Highland Park. They specialize in breads using simple all natural ingredients, that are healthy and nutritious.
· Corbé is a ceramic design and manufacturing studio located in the North End of Detroit looking to open up retail space. They handcraft porcelain wares that are simple and useful, built for the modern home and table.
· Coriander is looking to expand their urban farm and catering business into a brick & mortar café, featuring casual, affordable, healthy food in a rustic, beautiful environment in Detroit.
· Detroit Dart Club hosts Nerf battles, offering a fun way to engage kids and adults in exercise. They’re looking to expand to a second, larger location in Southwest Detroit.
· ITADAKU (it-uh-da-ckoo) is a fine-casual sustainable sushi shop opening in Corktown. They make fine dining quality sushi at an affordable price, using sustainable seafood and organic produce.
· Meta Physica Massage will open a Wellness Center offering therapeutic bodywork, full spectrum infrared saunas, a raw juice bar, an herbal apothecary and health inspired retail, meditation classes and community workshops.
· The Natural Market’s vision is to open a boutique specializing in Handmade Bath, Body & Home Products and customized fragrances.
“We take great pride in working with Hatch Detroit and look forward to seeing each of these talented entrepreneurs bring their Detroit retail ideas to life,” said Linda Forte, senior vice president of Business Affairs, Comerica Bank. “The Comerica Hatch Detroit Contest has already helped 14 businesses open their doors and we can’t wait to see how this year’s winner and the nine semi-finalists will make an impact in Detroit.”
"The Hatch Detroit Contest is instrumental in accelerating Detroit's entrepreneurial community, and Opportunity Detroit is proud to be a part of an initiative that views small businesses as a catalyst for creating jobs and wealth for our city," said RJ Wolney, Director of Finance at Bedrock Detroit and Hatch Detroit Board Member. "We are excited to see the next group of companies that will join the Hatch Alumni network of retail businesses that embodies the innovative and collaborative environment that we believe makes Detroit so exciting."
To vote in the primary, please visit HatchDetroit.com/vote, Hatch Detroit’s Facebook page or vote in person at the following locations:
The primary voting period will close Aug. 18 at midnight. Finalists will be announced Friday, Aug. 19 and the general election voting period will begin. The finalists will present their final business pitches to a panel of judges before the winner is announced at the Hatch Off event Friday, Aug. 26 at The M@dison Building in Detroit.
 |
| Photo: Bon Appetit |
SISTER PIE
You’ve been to a library, but have you been to a piebrary? That’s the term for this bakery’s antique hutch filled with a selection of eclectic mugs, any of which you’re free to “check out” for your morning coffee.
The piebrary is just one of the many irresistibly charming details at Lisa Ludwinski’s sweets shop, a burst of friendliness and energy on an otherwise quiet corner of Detroit’s West Village. On the counter are the day’s creations: dozens of cookies in inspired flavor combinations like peanut butter-paprika (it works!), a healthy little salad, and—of course—the showstopping pies.
Ludwinski is famous for her salted maple, a creamy custard in a twice-baked, all-butter, crazy-flaky shell. Alongside that staple are rotating beauties that span the growing season from strawberry rhubarb-lavender in early summer to cranberry-tangerine in the winter. Each slice comes on a precious vintage plate, topped with freshly whipped cream, because, no, this place could not be any cuter.
 |
| Photo: Sister Pie |
PRO TIP:
The “Pie It Forward” program allows anyone feeling generous to purchase a slice for a future customer.
THE DETAILS:
Closes at 4 p.m. on weekends—and popular pies might sell out before then. Tuesday–Friday, 8 a.m.–6 p.m.; Saturday and Sunday, 9 a.m.–4 p.m. (closed Mondays).
http://sisterpie.com/
Click HERE For The Full List Of Finalists!
With a number of major public projects well underway, Detroit’s planners and lenders have renewed focus on the role of small business development in the city’s ongoing revitalization. Now the next step of putting these lessons to work nationwide is taking shape.
The famous urban planning pioneer Jane Jacobs knew well that such comeback stories are built block by block, with diverse and stable communities creating a contagious vitality that could spread street by street, neighbor by neighbor, to form a diverse and thriving city. Vibrant local businesses are these blocks’ bedrock.
But building these strong communities hinges on local businesses that can help them grow, and that’s no easy feat. Difficulty accessing capital, business networks, and understanding of steps required to create a successful business can be daunting to would-be business owners. However, collaborations like Detroit’s Entrepreneurs of Color Fund, can address each of these factors on behalf of the burgeoning businesses they serve.
A case study of one such business in Detroit is the House of Pure Vin, a wine store nestled in the thick of downtown. During its first 120 days in operation, the store’s three female African-American founders have seen a steady uptick in business. And, like many similar small businesses across the city, their success stems from extensive pre-opening planning and support from outside entities. The support the founders experienced is varied and multifaceted; it’s an example of a new small business development system working effectively, and is a model that cities around the US can strive to replicate.
The founders got their start at a retail boot camp offered by Tech Town, Detroit’s preeminent business accelerator and incubator. Their boot camp experience helped them qualify for the initial phase of the Detroit Development Fund’s (DDF) newly established Entrepreneurs of Color Fund, a $6.5 million lending program with financial backing from the JPMorgan Chase & Co. foundation and the W.K. Kellogg Foundation. But the EOC Fund is just one project backed by the DDF: in its role as a certified community development financial institution (CDFI) the Fund makes loans to countless small businesses and serves as advisor to a wide variety of entrepreneurs.
“We felt they needed some assistance in addition to the retail boot camp,” DDF President Ray Waters explained. “We sent them to another business partner of ours called Lifeline Business Consulting… for fine tuning the business plan and their projections.” There, the team received guidance from seasoned retail veterans in tackling challenges such as the store build out and integrating a point of sale system. DDF helped House of Pure Vin budget as accurately as possible, and when inevitable overages arose, they leveraged their funding network, pulling in another CDFI for an additional investment.
The ability of new businesses to kickstart a local economy is anecdotally clear, but is also supported by US jobs data. A recent US Census-guided study found that while first-year businesses account for only 3% of total US employment, they are responsible for 20% of annual hiring activity—startups are more reliable job creators than larger legacy companies that employ more people but hire less frequently. In other words, these entities are crucial for growth and generating new jobs.
Click HERE For The Full Article!
 |
| Rendering: Grey Ghost
Detroit's newest restaurant, Grey Ghost, is opening this Thursday in Brush Park. According to the Detroit Free Press, the new restaurant takes up roughly 2,500 square feet of the former Ye Olde Butcher Shoppe space on Woodward and Watson. The entrance to the 83-seat restaurant is off Watson. (An additional 24-seat outdoor patio off Watson is in the works.)
Grey Ghost describes itself as a "Neighborhood Steakhouse, Cocktail Bar, with Midwestern Hospitality."
Bonus: They take reservations! Check out their menu HERE! Oh and, this will make you thirsty..... Team  John Vermiglio - Chef Joe Giacomino - Chef David Vermiglio - Bean Counter Will Lee - Beverage Director 47 E. Watson Street Detroit, MI 48201 http://www.greyghostdetroit.com Open 4 pm Daily |
Detroit Is The New Black
Opening: Sunday, July 24
Hours:
Monday - Saturday 11:00 AM- 7:00 PM
Sunday 11:00 AM - 6:00 PM
1426 Woodward Avenue
Subscribe to:
Posts (Atom)