Detroit Is Offering $700,000 in Grants to Companies Willing to Relocate to the City

Detroit Is Offering $700,000 in Grants to Companies Willing to Relocate to the City

The new program aims to attract tech founders to the Motor City. But can money alone overcome the gravitational pull of the costs?

Detroit startups can apply for $700,000 grant program

Tech startups and founders now have the chance to apply for as much as $50,000 in grant money to create jobs and stay in Detroit. This story also appeared in Detroit Free Press City officials announced on July 28 the launch of the Detroit Startup Fund at Newlab Detroit at Michigan Central Station, a hub for mobility businesses in the Corktown neighborhood, and touted the initiative as the first of its kind. The new pr…

Detroit launches first-of-its-kind $700,000 Startup Fund to fuel job creation and talent retention

Detroit Mayor Mike Duggan today joined with Detroit Economic Growth Corporation (DEGC) officials, City Council President Mary Sheffield, and startup ecosystem leaders announced the launch the first-of-its-kind Detroit Startup Fund. The $700,000 initiative will distribute grants to Detroit-based tech startups over the next year in its first round.