Motor City Re-Store Round 3 winners announced

Neighborhood businesses across Detroit named latest winners of Motor City Re-Store; Over $474,000 in grants given to beautify commercial corridors

DETROIT, May 23 2018 – Last week, 41 local Detroit businesses received Motor City Re-Store grants from the Detroit Economic Growth Corporation (DEGC), totaling over $449,080 in grants toward construction and design exterior improvements designed to support small businesses and improve Detroit’s commercial corridors.

“We’re thrilled to be announcing the third round of Motor City Re-Store awardees, and we’re excited to continue to help Detroit’s commercial corridors thrive and keep our existing neighborhood businesses competitive with the new businesses coming in to their neighborhoods,” said Lily Hamburger, director of Small Business Retention & Attraction, DEGC. “It’s a great time to do business in Detroit, and through DEGC’s small business programs we’re ensuring that both new and existing businesses are able to flourish inside the city limits.”

Of this latest round of Motor City Re-Store winners, 59 percent of the businesses are minority-owned. The winners include a wide range of businesses providing goods and services to meet residents’ needs including, hair salons, a pharmacy, restaurants and markets, and a 109 year-old pet hospital. Award recipients’ businesses are located across 29 of Detroit’s neighborhoods.

“Motor City Re-Store and Motor City Match are rebuilding neighborhood commerce and providing residents with the goods and services they need and want,” said Michael S. R. Rafferty, Vice President of Small Business Services, DEGC. “When we support our fellow Detroiters and invest in our existing small businesses, we help create density and beautify our neighborhoods. This is all a part of a greater vision to ensure that Detroit remains a great place to work and live.

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 five construction grants awarded in Round Three totaled $89,080. Design Track winners are eligible for grants of up to $10,000. Those 36 design grants awarded totaled $360,000. 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 3 winners during its meeting last week.

Motor City Re-Store is accepting applications for Round 5 from June 1 through July 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.

Five companies have been awarded a total of $89,080 in construction grants:

 36 business have been awarded a total of $360,000 in design grants: