By Aaron Mondry, Model D

For the fifth year in a row, the New Economy Initiative has provided grants of $10,000 to existing businesses in Detroit, Hamtramck, and Highland Park as part of its NEIdeas Challenge.

Of the 26 grant winners announced in this year’s round, 77 percent are minority-owned businesses, and 65 percent are women-owned businesses. To date, NEIdeas has awarded a total of $2.16 million to 144 businesses.

“Though they might lack capital and connections to resources, neighborhood small businesses have no shortage of great ideas for growth,” said Pam Lewis, NEI’s director, in a press release. “The NEIdeas challenge accomplished what we set out to do — connecting been-up businesses to a network of support that can help them realize their ambitions and thrive. We’re thrilled to honor another group of neighborhood entrepreneurs and businesses who mean so much to their communities.”

This is an excerpt taken from Model D. Please click here to read the full article.