DETROIT - Detroit is pumping half a million dollars into the city's small businesses.
From pallet makers to vegetable growers, the cash is a game changer for the first batch of Motor City Match recipients.
Ten small businesses all split $500,000 in grants.
“This is the most exciting entrepreneurial program in America,” said Roderick Miller, CEO of the Detroit economic growth corporation.
There is a lot of passion for the Motor City Match.
“We can help you if you have an idea, make it a business and give you a business plan. If you have a business and need a space we can find a space for you,” said Miller.
You can apply for a grant from $10,000 to $100,000 and $500,000 total will be given away every quarter.
The "Motor City Match" changed the life of the owner of Artesian Farms in Brightmoor.
Jeff Adams, the owner of Artesian Farms has 1500 ft.² now, but with his $55,000 motor city match grant, he will triple his production of lettuce and other veggies.
Over 350 small businesses applied to get the grants, this is the first time they have done this and there will be more next quarter and even more applications.
“To have that kind of support from downtown for the business community is heartfelt,” said John George of non-profit Motor City Blight Busters, who is applying for a grant.
The money was donated by big businesses in Detroit, and the match part means the winners have applied for other loans. This or they have already pledged to further invest in their business.
“Build your dream right here in the city of Detroit,” said Miller.
For more information, go to motorcitymatch.com.