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
  • What do I get? Up to 50 entrepreneurs will receive free business planning classes per quarter. Business Plan awardees are provided a $1000 Technical Assistance allocation for business services.
  • 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.
  • Application Link

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 1:1 match making with the properties in the Building track and a workshop on leasing, financing planning and assessing market opportunities. Space awardees are provided a $4000 Technical Assistance allocation for business services.
  • What do I need to move on to the next award? Business owners must 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.
  • Application Link

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 future bricks and mortar location documented 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 estimated cost of construction. Design awardees receive financial planning assistance, if required, and the Motor City Match team facilitates permitting, connections to Detroit builders, and financial lenders. Design awardees are provided a $5000 Technical Assistance allocation for business services.
  • 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.
  • Application Link

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, funds ready to invest.
  • What do I get? Up to 10 grants awards will be issued per round for a total of $500,000 to both building and business owners. Maximum grant awards are $100,000 per project. Business owners and their landlord 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 paid on a reimbursement basis.
  • 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
  • Application Link