This is the application for the Business Owner Track for Motor City Match. The application deadline is October 2, 2017.
This application is for the Cash
The Cash award track is for businesses that have a location secured, a plan for build-out and a strong understanding of the money needed to start their business and complete renovations at the space. Awardees will have the opportunity to apply to Motor City Match lending partners for financing. If there are gaps in financing after loans have been secured, applicants will be considered for matching grants. Up to ten (10) awards will be issued per round for a total of $500,000. Maximum grants awards are $100,000 per project.
Please fill out the application below. Businesses are limited to one application. If a business owner
submits multiple applications for the same business, that business will be
removed from award consideration.
Application Scoring: Businesses will be scored based on five
criteria. Each criterion is worth 20 points. Applicants can earn up to 100
Vision and plan for the business based on the soundness, completeness and creativity of
Experience and capacity of the business owners and key members of the
Market opportunity to meet economic demand and advance business
Community support for new business including benefit to low to moderate income
Leverage of business owner investment and other community investment initiatives
in the area.