Detroit program pairs new businesses with vacant spaces

Reprinted from Detroit Free Press

A new, five-year program to pair up entrepreneurs and property owners looking to repopulate Detroit with small businesses kicked off today with pledges of $2 million a year in grants to encourage redevelopment of vacant commercial space across the city.

The Motor City Match program will award $500,000 in grants quarterly to building owners and small-business startups, a key part of Mayor Mike Duggan’s 2013 campaign pledge to foster growth and jobs in neighborhood storefronts long vacant amid years of business flight from Detroit.

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