The New Economy Initiative (NEI) has helped grow and change the culture of business in Southeastern Michigan since 2007. NEI is still supporting Detroit business with grants to our network of small business and entrepreneurial support providers so that businesses can grow and thrive.
Below is a list of grants NEI has made in the First Quarter of 2018:
Michigan Community Resources – $112,000
Support to manage the NEI Neighborhood Business Initiative Network.
Wayne State University Research and Technology Park (TechTown) – $58,000
Support for the TechTown SWOT program to provide individualized technical assistance to NEIdeas winners.
Global Detroit – $65,610
Support for NEIdeas outreach to immigrant and foreign-language communities.
Michigan Israel Business Accelerator Foundation – $50,000
Support to enable regional growth for emerging high-growth technology businesses of Michigan and Israel.
Goodwill Industries of Greater Detroit – $30,000
Support for the creation of a program to develop and grow community-based enterprises.
SourceLink – $8,350
Support to SourceLink for implementation of the research and documentation of an asset scan of entrepreneurial and business support services across the southeast Michigan region.
Build Institute – $165,000
Support for the Build Institute to support entrepreneur and small business education, the Detroit SOUP microlending program, and Kiva loan program.
Lawrence Technological University – $40,000
Support for an accelerator program to enable growth for small manufacturers and emerging hardware startups.
FoodLab Detroit – $120,000
Support for the development of an accelerator program for food entrepreneurs in Detroit neighborhoods.
SourceLink – $31,200
Support to SourceLink for implementation of the research and documentation of an asset scan of entrepreneurial and business support services across the southeast Michigan region.
Creative Many Michigan Inc. – $21,740
Support to sponsor Detroit social entrepreneurs to attend Michigan House at SXSW and participate in the panel on neighborhood innovation.
Automation Alley Fund – $96,646
Support for a minority business enterprise growth program that enables minority-owned businesses to transition to Industry 4.0 technologies.
Eastern Michigan University Foundation – $95,000
Support the Michigan Small Business Development Center (MI-SBDC) to offer support services to Detroit area neighborhood businesses.
Matrix Human Services – $100,000
Support for the Osborn Neighborhood Alliance to assist new and existing neighborhood businesses to establish and grow by connecting them to support resources and business mentoring and coaching.