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GrantDetroit, MIActiveVerified

Detroit Economic Growth Corporation — Business Attraction Grants

Detroit Economic Growth Corporation (DEGC)DET-DEGCRefreshed 12 days ago
Do I qualify?
Who can apply

Businesses

Government-funded

Max funding

$250K

per applicant

Type

Grant

Cash award, application-based

Deadline

Rolling

No fixed cutoff

Timing

Rolling

Or check for open cycles

Complexity

Moderate

Standard state application

About This Program

Grants, loans, and incentive packages for businesses creating jobs and investing in Detroit neighborhoods, including facade improvement grants, neighborhood storefront programs, and major employer attraction tools.

Key Requirements & Eligibility

  • 1Business must be locating or expanding within Detroit city limits
  • 2Facade and storefront grants: up to $25,000 for exterior improvements in commercial corridors
  • 3Neighborhood business loans: $10,000–$250,000 at below-market rates
  • 4Major employer packages negotiated individually with City Council approval
  • 5Priority for businesses hiring Detroit residents (preferred: 51%+ of new hires)

Do I qualify?

Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Business must be locating or expanding within Detroit city limits

2.Facade and storefront grants: up to $25,000 for exterior improvements in commercial corridors

3.Neighborhood business loans: $10,000–$250,000 at below-market rates

4.Major employer packages negotiated individually with City Council approval

5.Priority for businesses hiring Detroit residents (preferred: 51%+ of new hires)

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Official Source