New Economy Initiative4

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Jer Staes
Business InvestmentNEIdeasNew Economy Initiative

Finalists Named For 2016 NEIdeas Challenge, 32 Businesses Will Eventually Win

One of the challenges often talked about is capitol or investment for expansion for Detroit businesses. To help meet that need, 134 businesses have been selected as finalists for this year’s NEIdeas challenge, a program described as “rewarding existing small businesses in Detroit, Hamtramck and Highland Park with cash for their ideas for growth.” This fall, 30 of the finalists will be selected to win $10,000 each for their ideas to grow, and two others will be selected to win $100,000 each f...

Ardelia Lee
Neighborhood Business InitiativeNew Economy Initiative

New Economy Initiative Awards Nearly $600,000 In Grants To Support Neighborhood Organizations

Small businesses are a vital part of our communities, but they’re often overlooked when it comes to business support. The New Economy Initiative (NEI) has taken steps to change that problem by awarding almost $600,000 in grants to six non-proft organizations across Detroit that support small businesses. The grants are through NEI’s new Neighborhood Business Initiative, which is designed to grow and strengthen the network of support services for entrepreneurs and small businesses in underserved...

Ardelia Lee
businessDetroitHamtramack

There Are Just A Few Days Left To Apply For $10k For Your Detroit Based Business

If you’re looking to get a big boost for your Detroit, Hamtramck or Highland Park based business, the window on getting your ticket to $10,000 is closing. NEIdeas, a program of the New Economy Initiative, is accepting applications for its $10k Challenge for businesses that gross under $750,000 as well as a $100k Challenge for business that gross between $750,000 and $5 million now. But we’re going to focus on what’s due Thursday (the $100k challenge isn’t due until the 25th of this month). N...

Ardelia Lee
Business Contest WinnerDave EgnerJ&G Pallets

Two Detroit-Based Businesses Win $100,000 From NEI

Detroit’s J & G Pallets and Trucking and Highland Park’s Sherwood Prototype will each receive $100,000 awards to grow their businesses. Both companies were small business winners of the $100K Challenge for the first-ever NEIdeas: Rewarding Ideas for Business Growth. New Economy Initiative (NEI), a special project of the Community Foundation for Southeast Michigan, hosted the challenge. Since the NEIdeas Challenge inception in May 2014, NEI has awarded more than $500,000 to 36 existing small...

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