DETROIT, March 15, 2018 – People’s Restaurant Equipment Company, a 100-year old business located near Eastern Market on Gratiot Avenue, is among the 25 established Detroit businesses receiving Motor City Re-Store grants today from the Detroit Economic Growth Corporation and City officials. The 25 businesses will receive a total of nearly $300,000 in grants to support the construction and design of exterior improvements intended to support existing businesses and beautify Detroit’s commercial corridors.
Mayor Mike Duggan and the DEGC announced the Motor City Re-Store program last year as a way to help established businesses in the city increase foot traffic. This helps them remain competitive with
new businesses that are opening in Detroit’s neighborhoods with the help of Motor City Match and other programs.
“There are so many programs that are helping new businesses that want to open in Detroit, we created Motor City Re-Store for those who stayed, even during difficult years,” Mayor Duggan said. “Now that Detroit is coming back, these businesses that sustained our neighborhoods for years can know the City has a program to help them compete for another generation.”
These second round Motor City Re-Store winners are distributed across more than 20 of the city’s neighborhoods and include a wide range of businesses including restaurants, an auto parts supplier and a furniture store. Of the 25 Round Two recipients, 76 percent are minority-owned and 24 percent are women-owned businesses, Mayor Duggan added.
The Round Two announcements were made at Taqueria El Nacimiento, owned by Rodrigo Padilla. His restaurant earned a design award in Round One for $10,000. Padilla is currently working with an architect on façade improvements.
“I’m thrilled to be hosting the Round Two award ceremony with Mayor Duggan and Motor City Re-Store," said Padilla. "I want other businesses to see the opportunities that exist in Detroit and make an investment in the future."
Re-Store part of larger effort to revitalize city’s commercial corridors
“With its sibling program Motor City Match, Motor City Re-Store is rebuilding neighborhood commerce,” said Michael S. R. Rafferty, DEGC, Vice President of Small Business Services. “Demand exists. We know that because $2.6 billion in retail spending is leaving the city annually for the suburbs. These programs are building the supply by curating Detroit’s commercial corridors with new business and investment that will, over time, provide access to the goods and services our citizens deserve.”
Team LBR, LLC, is the first Motor City Re-Store construction grant recipient located on Detroit’s historic Avenue of Fashion. The real estate business joins several Motor City Match award recipients located in the area, including Detroit Sip and Narrow Way Cafe. Other Motor City Match winners, such as Simply Breakfast, and Shears and Shaving, will be opening nearby soon. The DEGC is driving inclusive catalytic economic revitalization all along Livernois Avenue, including providing financing assistance for the $8.3 million 7.Liv mixed-use development.
How Motor City Re-Store Works
Motor City Re-Store will provide approximately $2 million annually in matching grants to existing business owners and their landlords for façade and other exterior improvements.
Winners are named in two tracks:
Grant winners in the Construction Track are awarded matching funds of up to $25,000. The eight construction grants awarded in Round Two total nearly $165,000. Design Track winners are eligible for grants of up to $10,000. Those 17 design grants awarded totaled $129,000. Grant amounts are estimates and may vary as each project proceeds.
About Motor City Re-Store
Motor City Re-Store is managed by the Small Business team at the DEGC and is open to entrepreneurs who are currently open and operating a commercial storefront in the city of Detroit, and their landlords. It is supported by a combination of Community Development Block Grant funds and other funders. The Economic Development Corporation of the City of Detroit (EDC) has stewardship of the public funds and has approved funding to develop the program. It approved the Round 2 winners during its meeting earlier this week.
Motor City Re-Store is accepting applications for Round 4 through April 2, 2018. Business owners and landlords must apply jointly for 50 percent matching grants up to $25,000. Multiple businesses applying as a group are eligible for 75 percent matching grants. Applications can be submitted at www.motorcity-restore.com and paper applications are available upon request.
Eight companies been awarded a total of $164,700 in construction grants:
Seventeen businesses have been awarded a total of $129,000 in design grants: