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Make It Your Business is a newsletter from the New Economy Initiative highlighting resources and opportunities for southeast Michigan business support organizations (BSOs). Look for new editions in your inbox twice a month.
Have a virtual event, resource, or opportunity to share? Send us a tip at neicommunications@cfsem.org.
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Joseph L. Hudson Jr. died last Wednesday, December 2, at the age of 89. His life and career have been noted in the well-deserved remembrances in the local media. The New Economy Initiative is a project developed due to the leadership of the Community Foundation for Southeast Michigan. Having its home there for the past 12 years is but one example of the vision for building a strong community for all that Joe Hudson believed in and worked to accomplish. Our thanks to him for his support, and our sympathies to his family for their loss.
The above video was produced to honor Mr. Hudson last year on his retirement from the Community Foundation Board.
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Calling all Wayne County small businesses! Take the NEI Small Business Survey.
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Detroit-based small business support organizations in partnership with New Economy Initiative (NEI) and other funding organizations are conducting this survey to better understand the needs of small businesses in the recovery from COVID-19. The responses provided will be kept confidential and will help these organizations better support you and your business. The estimated time to complete this survey is five minutes.
Eligible respondents will be entered into a drawing for one of thirty $100 cash prizes. For additional information about this survey and its purpose, please email contactus@startupspace.app.
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Resources for business support organizations
To the BSOs and entrepreneurs navigating this difficult time, we are here to serve you and stand as a resource. This section contains relevant resources for BSOs and those who fund entrepreneurship, some being applicable to small businesses.
Inspiration
From Model D, Detroit Innovation series:
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Model D is running a series on social entrepreneurs that are fellows of the last cohort of NEI’s Detroit Innovation Fellowship (DIF), a talent development program that connects, promotes, and invests in people who are leading projects to transform their communities. Read the latest stories featuring:
From The New York Times:
Information
From The Bridgespan Group:
From The Desai Sethi Foundation (DSF):
From MEDC:
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The Pure Michigan Small Business Relief Initiative will utilize federal CARES Act funding to provide $10 million in grants to meet the urgent need of Michigan small businesses disproportionately impacted the COVID-19 virus. Applications for businesses to apply will open on Tuesday, December 15, 9:00 a.m. ET.
From the Neighborhood Business Initiative (shared in our previous newsletter):
From SCORE:
From TechTown:
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Lifting up the network
This section spotlights offerings and accomplishments of a few of the many organizations that support small businesses in our entrepreneurial ecosystem. If you have suggestions, please submit them to neicommunications@cfsem.org. We received a great deal of positive feedback on the jobs/opportunities section in the previous newsletter, and we will bring that section back to you whenever there is an abundance of openings in our network.
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Gift guides galore!
This edition of the newsletter, we’re highlighting organizations in the network of support that have put out local holiday shopping gift guides. If you plan to shop for the holidays, we encourage you to support small businesses if you can. Some of these guides were developed for Small Business Saturday but still are relevant. If we missed your organization's local guide, email us at neicommunications@cfsem.org and we can share it through our social channels.
Design Core Detroit:
DEGC:
E. Warren Development Corp.
Eastern Market:
EntryPoint:
Grandmont Rosedale Development Corporation:
Invest Detroit:
Michigan Women Forward:
Model D:
Midtown Detroit, Inc.
Southwest Detroit Business Association:
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Highlights
The Urban Consulate is hosting two live streamed events next week: What Does Racial Solidarity Look Like? and Candid Conversations: Practicing Racial Equity.
FoodLab’s Fellowship for Change virtual event is on Monday, December 14, at 6:00 p.m.
Regular offerings
We recognize how irreplaceable personable help and resource sharing can be in this time. For nonprofits, check out Co.act Detroit for their thoughtful events and programming.
TechTown Detroit has been offering free consultations for entrepreneurs and small businesses, with members of their team using digital platforms. Schedule an appointment to be supplied with a link to join the meeting using video conferencing: Open Office Hours and Ask An Expert.
SCORE has been hosting free, LIVE webinars every week on small business tips and strategies. See their upcoming offerings on their website.
The Michigan SBDC has been hosting informational webinars. Watch past recordings and register for upcoming small business support webinars.
The University of Michigan's "Free Accounting Fridays" program is available to help you with accounting/finance concerns (profit and loss statements, cash flow analysis, balance sheets, etc.) and consult on the various loan/grant opportunities related to COVID-19 and help prepare applications. You can make appointments here.
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