Hatch Detroit’s $50,000 Business Competition ReturnsBy Amanda Lewan on May 28th, 2014 /
Hatch Detroit has become the most anticipated contest for those who are interested in starting up a retail business in Detroit, and it returns with a kick-off on June 1.
The Hatch program, launched in 2011, has been integral in launching a variety of businesses among winners and non-winners alike including Hugh, La Feria, Batch Brewing Company (under construction), Detroit Vegan Soul, Rock City Eatery, Busted in Detroit, HenriettaHaus Coffee Roasters, and the Detroit Institute of Bagels.
This year, Comerica Bank returns as the provider of the $50,000 as well as a slew of in-kind services and support from Hatch partners. However, there will be ongoing financial and ancillary support focusing on the 10 finalists from previous contests who have followed through on their business plan but still need assistance, thanks to the Detroit Lions.
“Watching the previous Hatch winners and others turn their ideas into brick-and-mortar retail shops has been inspiring, and certainly representative of Detroit’s entrepreneurial spirit,” said Michael Ritchie, president of Comerica Bank-Michigan. “Witnessing so many contest success stories has reinforced our decision to support Hatch Detroit. We look forward to seeing this year’s applications and continuing to build Detroit’s entrepreneurial community.”
“This furthers our commitment to Detroit’s neighborhoods and broadens our collaboration with Hatch Detroit,” said Tom Lewand, Detroit Lions team president. “The growth of small business in Detroit continues to be a significant part of the city’s resurgence and is an important part of the Lions community engagement strategy.”
If you’re interested in applying, head over to www.hatchdetroit.com where you will find the complete submission guidelines and contest rules as well.
The clock is now ticking. The deadline for submissions is July 16, 2014. We can’t wait see what you all come up with.
Photo credit: Hatch Detroit Facebook Page
*This article was previously published by Hell Yeah Detroit. Featured here with permission.