Business News

Business News

Through the Downriver Riverfront Communities Economic Recovery Implementation Project, there is technical assistance and matching grant funds available for small businesses that were impacted by the closure of the two local DTE coal-fired power plants or the coronavirus pandemic. This support program is being operated by the University of Michigan’s Economic Growth Institute (EGI) in partnership with the DCC Economic Development Department.

This is an opportunity for small businesses adversely impacted in the cities of River Rouge, Ecorse, Wyandotte, Riverview, and Trenton.

“We are thrilled to have this assistance and funding available to support businesses in our region,” says Jazmine Danci, Economic Development Administrator for the DCC. “Our primary target is those businesses that have been impacted by the power plant closures whether it be from loss of foot traffic and sales, loss of a contract, or other means. But if a business has been affected by the pandemic, we want to hear from them too.”

There is a total of $150,000 available to support businesses in the targeted communities. Each business will be able to receive up to $10,000 in matching grant funds towards the implementation of a project that will help to support the resiliency of the business. This can cover anything from marketing initiatives to process improvements.

If you or a company you know meets the qualifications for assistance, please contact Louisa Self as soon as possible at Louself@umich.edu or at 734-998-6201 for more information. A flyer is also attached with the press release. Interested businesses may also request information online at the following link: https://economicgrowth.umich.edu/dcc-program-inquiries/
 

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