Business Owner Tracks

4 Steps from Idea to Open


PlanBUSINESS PLAN

For first-time entrepreneurs that need help transforming their business idea into a business plan

  • What do I need to apply? A great business idea and a willingness to learn
  • What do I get? Up to 50 entrepreneurs per quarter will receive need-based technical assistance for business planning.
  • What do I need to move on to the next award? A well developed, written business plan that includes financial projections, understanding of target customers, understanding of sales per square foot to determine size of future space.
  • Follow the link to the Application Page and select Business Owner Business Plan
  • Please note: all correspondence from Motor City Match regarding your application will be sent to the email address you use to log into the application system, Submittable. If you do not actively use that email address, we encourage you to contact Submittable technical support support@submittable.com to change your email address. Make sure to check your email spam folder for notifications.

SpaceSPACE

For businesses with a great business plan or a track record of success that are searching for a location.

  • What do I need to apply? A great business idea and a written business plan.
  • What do I get? Up to 25 businesses will receive assistance identifying a location or a plan for expansion. Space awardees are provided need-based technical assistance for their businesses.
  • What do I need to move on to the next award? Business owners must have decided where to locate their business, have a space secured with a deed, signed lease or signed letter of intent and have a budget developed for business startup and building improvements to customize the space for their business.
  • Follow the link to the Application Page and select Business Owner Space
  • Please note: all correspondence from Motor City Match regarding your application will be sent to the email address you use to log into the application system, Submittable. If you do not actively use that email address, we encourage you to contact Submittable technical support support@submittable.com to change your email address. Make sure to check your email spam folder for notifications.

DesignDESIGN

For business owners and their landlords who have “matched” and need help to plan building renovations and tenant improvements.

  • What do I need to apply? An up-to-date, written business plan and a commercial location secured by a signed lease or signed letter of intent.
  • What do I get? Up to seven business owners and their landlords will receive Design awards per quarter. These participants will services from a professional architect including a design for tenant build-out, construction documents ready for permitting and an opinion of probable cost of construction. Design awardees receive need-based technical assistance, if required, and the Motor City Match team facilitates permitting and connections to financial lenders.
  • What do I need to move forward? A completed design specific to the selected location, signed and sealed construction documents ready for permitting, estimated cost of project build-out, contractor quotes for construction work, costs for fixtures and furnishings, costs for opening and first six month of operation.
  • Follow the link to the Application Page and select Business Owner Design
  • Please note: all correspondence from Motor City Match regarding your application will be sent to the email address you use to log into the application system, Submittable. If you do not actively use that email address, we encourage you to contact Submittable technical support support@submittable.com to change your email address. Make sure to check your email spam folder for notifications.

 


CashCASH

For business and building owners who have “matched”, have plans and quotes for tenant improvements and an understanding of opening costs who need access to financing.

  • What do I need to apply? An up-to-date, written business plan, a deed, signed lease or signed letter of intent, architectural drawings for tenant improvements, quotes for construction, equipment, furnishings and inventory, a clear understanding of total project costs, and funds ready to invest.
  • What do I get? Cash awardees and their property owners will have the opportunity to apply to Motor City Match lending partners for project financing. If there are gaps in financing, applicants will be considered for grants that are provided on a reimbursement basis. Up to 10 grant awards may be issued per quarter for up to $500,000. Maximum grant awards for both building and business owners are $100,000 per project.
  • What do I need to open? Completed construction, inspections and a certificate of occupancy/acceptance, city and/or state licensing required for your business category, marketing and staffing plan, utility accounts, commercial bank account, accounting system or outsourced accounting service, sufficient cash flow from cash on hand/financing/lines of credit.
  • Follow the link to the Application Page and select Business Owner Cash
  • Please note: all correspondence from Motor City Match regarding your application will be sent to the email address you use to log into the application system, Submittable. If you do not actively use that email address, we encourage you to contact Submittable technical support support@submittable.com to change your email address. Make sure to check your email spam folder for notifications.