New Eastern Market Food Grants AvailableBy Amanda Lewan on July 15th, 2015 /
Eastern Market has announced a new round of grants open for up and coming food entrepreneurs.
A part of the Citizens Bank’s Growing Communities program in partnership with MEDC, these grants provide support to local vendors, farmers, and entrepreneurs. More than $550,000 has been invested by Citizens Bank and the MEDC so far. Right now $60,00 from Citizens Bank and $150,000 from MEDC are available through the Growing Communities program.
“We’re excited to be partnered with Citizens Bank for a new round of the Growing Communities grant program and the strong support provided by MEDC,” said Randall Fogelman, vice president, business development, Eastern Market Corporation. “This effort has helped so many small Detroit-based businesses that often don’t have access to capital, grow and prosper.”
Grants awarded through the program will help food businesses grow by purchasing necessary equipment, acquiring new land and hiring on new staff. Last year 32 food businesses, many who sell their products out of Eastern Market, were able to grow through these grants.
Growing Communities is part of Citizens Helping Citizens Strengthen Communities, Citizens Bank’s program that contributes to the economic vitality of the communities it serves. Citizens Bank was previously known as Charter One. Check out these food business grants available here. The application deadline is August 21, 2015 and grants will be awarded by October 2015.