Invest Detroit

By a country mile (was this phrase used with any consistency before Tiger's color commentator Rod Allen?), entrepreneurs are seeking money above all else.  Ask anyone in a developing business what they need, and they will tell you money.  The thinking is that money can solve every problem they have through spending on R&D, talent, equipment, space, workforce, etc.

A big part of our focus at The MORE Program with the InsYght network is to direct entrepreneurs toward resources in the state that are meant to take the place of direct cash infusions, or what the cash would have otherwise been spent on.  As I've mentioned before, there are thousands and thousands of these free or heavily discounted resources available to entrepreneurs, and we bring them into the open at MORE.

However, there are times when nothing but money will do, and there are also some great opportunities to find the necessary funding.  If you agree with Ted Balowski in his post Why Detroit? (and I certainly do) then you are looking to develop and grow your organization in the city of Detroit.  If so, and you have some specific financial needs, you should take a good hard look at Invest Detroit.

Invest Detroit is a unique source of private sector gap financing through managed for-profit and non-profit targeted funds to support economic development in under-served communities primarily in the City of Detroit.  They offer loans for equipment, neighborhood retail pursuits, real estate financing, and for many other purposes.  They cater to businesses small and large, including funds for some of the major redevelopment deals in Detroit like the Broderick Tower (the one with the whales painted on it that you can see from Comerica).

Let me know if you have any specific areas in which you are interested in finding out about resources; otherwise, I'll just keep throwing out there whatever is interesting to me.