Business Owner Tracks

4 Steps from Idea to Open


PlanPLAN

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

  • What do I need to apply? A business idea that needs formalizing and refining before launching
  • What do I get? Up to 15 entrepreneurs per quarter will receive access to a business planning class, one-on-one consulting, and need-based technical assistance.
  • What do I need to move on to the next award? A well developed, completed business plan that includes financial projections, an understanding of target customers, and a formalized, transactional business.
  • Follow the link to the Application Page and select Business Owner 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.

SpaceDEVELOP

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 business that is transactional, needs assistance developing a plan for its next phase, and needs help finding the right location.
  • What do I get? Up to 25 businesses will receive assistance identifying a location or a plan for expansion. Additionally, awardees are provided one-on-one consulting and 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 Develop
  • 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 10 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 when applicable, 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.