ReStore Track

Access grant funding and related business services for your existing brick and mortar Detroit business.

Round 22 Applications are now open! Applications are open from December 1st to January 15th, 2023.
Who Can Apply?

Existing businesses who are proposing renovations or improvements to a commercial space they have been open and operating in for at least one-year.

What Is the Goal of the Track?
  • Assist existing businesses that were in need of improvements to their space as a result of the covid 19 pandemic.
  • Upgrade storefronts and commercial facilities in Detroit communities that were financially damaged by the Covid-19 pandemic
How We Do It

The Restore Track offers grants that can cover:

  • Construction costs including related to building renovations, façade improvements, and Physical improvements to parking lots, patios, and outdoor spaces
  • Costs associated barriers, partitions, or other physical improvements that prevent the spread or effect of the pandemic
  • Business and professional services necessary to complete the awarded project
  • Technical assistance to support loan approval or accessing additional capital
  • Code compliance, license fees and permit costs

Frequently Asked Questions

Who are Re-Store grants intended for?

Grants are available for businesses that can’t get any or all of the financing needed to complete facade improvements.

Grants are not a substitute for readily available financing or equity investment.

Grants are used to fill a funding gap on projects.

The funding gap is determined based on the total project cost, less the debt that the project is projected to sustain and the owner’s equity investment

How much in Grant funding is available through ReStore?

Up to $1,000,000 in grants will be made available to building and business
owners in the Cash Track and $250,000 will be made available to building and business in the Restore Track each round.

How much do I need to invest in order to qualify for a grant?

      • A minimum of 10% project equity is required as a baseline for consideration for grant awards and loan financing.

     

      • The maximum grant is the lesser of 50% of the total project cost or $100,000.

     

    • Grants may only exceed 50% of the total project cost based on the financial gap if the total project cost is less than $40,000.

How many Restore awards will be made each quarter?

  • Up to30 finalists will be selected by Motor City Match staff.
  • From the 30 finalists, up to 15 awardees will be selected by a selection committee that may include industry experts, Detroit business owners and lenders.
  • Finalists will be interviewed, including discussions with a panel of lenders for consideration for financing if needed.
  • Finalists will be required to submit supplemental materials including but not exclusive to:
    • Written project plan
    • Detailed itemized budget
    • Lease or letter of intent
    • Cost estimates received from trade contractors
    • Personal and business financial information; and
    • Loan application and/or proof of funding.