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 2018:
Accounting Aid Society
$100,000.00
support for accounting and tax assistance services to small business owners in Detroit, Hamtramck, and Highland Park to develop sound business practices to grow and maintain their revenue
Accounting Aid Society
$2,500.00
support for investing in professional development activities for staff in order to better serve their entrepreneur clients
Allied Media Projects Inc.
$50,000.00
support for buildout of office and co-workings space for Detroit based social enterprises
Ann Arbor Center for Independent Living Inc.
$30,000.00
support for expansion of a small business program for low-income women and disabled entrepreneurs in Washtenaw, Livingston and Monroe counties
Arab Community Center for Economicand Social Services (ACCESS)
$175,000.00
support for the Entrepreneurial Growth Program to provide training and technical assistance
for immigrant and non-English speaking populations to develop and grow businesses
Aspen Institute
$50,000.00
support to increase access to venture capital for women and people of color and to strengthen the social entrepreneurship ecosystem in southeast Michigan
Automation Alley Fund
$96,646.00
support for a minority business enterprise growth program that enables minority-owned businesses to transition to Industry 4.0 technologies
Bridgespan Group
$65,000.00
support for strategic guidance and stakeholder analysis that supports future planning to sustain the inclusive entrepreneurial ecosystem
Central Detroit Christian CommunityDevelopment Corp.
$90,000.00
support for start-up and growth businesses in Detroit’s Central Woodward/North End neighborhood
College for Creative Studies.
$115,000.00
support for Design Core Detroit to strengthen Detroit’s creative businesses and generate awareness of Detroit’s creative economy as a tool for regional economic growth
Community Foundation for Southeast Michigan
$24,000.00
Support for co-learning and strategy development regarding the city of Pontiac
Community Foundation for Southeast Michigan
$60,600.00
Support for the Youth Entrepreneurship Learning Initiative
Creative Many Michigan Inc.
$21,740.00
support to sponsor Detroit social entrepreneurs to attend Michigan House at SXSW and participate in the panel on neighborhood innovation
Curators of the University of Missouri-Kansas City
$31,200.00
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
Curators of the University of Missouri-Kansas City
$8,350.00
Additional support to SourceLink for implementation of the research, documentation and asset scan listed above
Detroit Area Pre-College Engineering Program
$20,700.00
support for a youth entrepreneurship pilot program to create a local pipeline of minority entrepreneurs and innovators
Detroit Development Fund
$120,000.00
support to operate the BizLoan Fund that will provide capital and technical assistance to assist underestimated businesses in Detroit, Hamtramck, and Highland Park
Detroit Economic Growth Association
$150,000.00
support to launch the Michigan Mobility Institute to advance the development of talent in the mobility ecosystem
Detroit Food & Entrepreneurship Academy
$20,700.00
support to expand and deepen youth entrepreneurship programming
Detroit Innovation Grants
$90,000.00
See pgs. 42-43 for the list of the nine social enterprises that were awarded Detroit Innovation Fellowship grants in 2018
Downtown Detroit Partnership Inc.
$165,000.00
support for the Build Institute to support entrepreneur and small business education, the Detroit SOUP microlending program, and the Kiva loan program
Downtown Detroit Partnership Inc.
$50,000.00
support for the Detroit Experience Factory for tours and education that supports local businesses
Downtown Detroit Partnership Inc.
$20,700.00
support to Downtown Detroit Partnership for the Build Institute to support two inaugural Youth SOUP events and entrepreneurship programming for Detroit youth
Eastern Market Corporation
$125,000.00
support for a food business cluster development and accelerator
Eastern Michigan University Foundation
$95,000.00
support for the Michigan Small Business Development Center (MI-SBDC) to offer support services to Detroit area neighborhood businesses
FoodLab Detroit
$120,000.00
support for the development of an accelerator program for food entrepreneurs in Detroit neighborhoods
Give Merit, Inc.
$20,700.00
support to implement entrepreneurship curriculum for 11th-grade students in Detroit
Global Detroit
$150,000.00
support to connect international talent to the Detroit region’s innovation community and to enable business growth for immigrant entrepreneurs
Global Detroit
$65,610.00
support for NEIdeas outreach to immigrant and foreign-language communities
Goodwill Industries
$30,000.00
support for the creation of a program to develop and grow community-based enterprises
Grandmont Rosedale Development Corporation
$101,500.00
support for a comprehensive business development and commercial activation strategy on the Grand River corridor in the Grandmont Rosedale community
Henry Ford Learning Institute
$20,700.00
support to develop Youth Leadership x Design, a youth entrepreneurship learning framework
The Henry Ford
$20,000.00
support to increase access to entrepreneurial learning opportunities for youth
Inforum Center for Leadership
$200,000.00
support for comprehensive training programs, capital development and mentorship for emerging high-growth women entrepreneurs
Inforum Center for Leadership
$2,500.00
support for investing in professional development activities for staff in order to better serve their entrepreneur clients
Jefferson East Inc.
$60,000.00
support for the development of mixed-use properties in the Jefferson-Chalmers neighborhood
Lawrence Technological University
$40,000.00
support for an accelerator program to enable growth for small manufacturers and emerging hardware startups
Lawrence Technological University
$20,700.00
support to pilot a region-wide youth entrepreneurship program and pitch competition
Matrix Human Services
$102,500.00
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
Miami Foundation Inc.
$79,250.00
support for the Urban Consulate to coordinate and convene the Detroit Innovation Fellowship program
Michigan Community Resources
$112,000.00
support to manage the NEI Neighborhood Business Initiative worktable
Michigan Israel BusinessAccelerator Foundation
$50,000.00
support to enable regional growth for emerging high-growth technology businesses of Michigan and Israel
The Michigan Women’s Foundation
$210,000.00
support to provide education, capital, technical assistance and mentoring to economically disadvantaged women entrepreneurs in the Detroit region
The Michigan Women’s Foundation
$20,700.00
support to expand youth entrepreneurship programming to include three additional weekend programs
Midtown Detroit Inc.
$125,000.00
support to expand the Small Business Program to businesses in neighborhoods adjacent to Midtown
NEIdeas Grants
$260,000.00
see pg. 50-51 for the list of the 26 small businesses that won NEIdeas grants in 2018
SCORE Foundation
$15,000.00
support for program marketing and volunteer recruitment for small business coaching
Southwest Detroit Business Association Inc.
$60,000.00
support for real estate advocacy program that will increase brick-and-mortar businesses in southwest Detroit
Southwest Detroit Business Association Inc.
$2,500.00
support for investing in professional development activities for staff in order to better serve their entrepreneur clients
Southwest Economic Solutions
$145,000.00
support for ProsperUS for training, education, capital access for neighborhood entrepreneurs in the city of Detroit
United Community Housing Coalition
$100,000.00
support for tax foreclosure prevention, counseling, and services for Detroit residents
University of Michigan
$60,000.00
support to UM Detroit Neighborhood Entrepreneurs Project to offer technical assistance programming to past NEIdeas winners
University of Michigan
$50,000.00
support for a survey of Detroit residents to capture their perceptions of entrepreneurship and economic opportunity in the city and region
University of Michigan
$25,000.00
support to the University of Michigan Economic Growth Institute to support the research and documentation of an asset scan of entrepreneurial and business support services across southeast Michigan region
Venture for America
$50,000.00
support to provide training for an entrepreneurship-focused fellowship program in Detroit
Wayne State University Research & Technology Park (TechTown)
$278,000.00
support for a Detroit-based high-tech business incubator and accelerator, a neighborhood business support program, and a regional MedHealth Innovation Cluster
Wayne State University Research & Technology Park (TechTown)
$58,000.00
support for the TechTown SWOT program to provide individualized technical assistance to NEIdeas winners
Wayne State University Research & Technology Park (TechTown)
$20,700.00
support to provide entrepreneurial training to a network of Detroit Public School Community District high school teachers