Deadline Fast Approaching to Enter the $100,000 Comerica Hatch Detroit Contest
The deadline for the 2022 Comerica Hatch Detroit Contest is approaching, with entrepreneurs needing to submit their business plans by May 12 for a chance to win $100,000 to establish a retail storefront. This contest, supporting businesses in Detroit, Highland Park, and Hamtramck, includes public voting to select finalists, culminating in a pitch event on July 21. The program aims to promote small business development and has already helped launch 49 businesses since its inception, generating significant economic impact in the area.
- Opportunity for entrepreneurs to win $100,000 in funding.
- Support for local economic development and community engagement.
- Historic return of the contest since 2019.
- 50+ businesses created with Hatch Detroit's support, impacting employment and investment in the community.
- None.
Budding entrepreneurs have until Thursday, May 12 to submit business plan to Hatch Detroit powered by TechTown Detroit for brick-and-mortar storefront
DETROIT, May 6, 2022 /PRNewswire/ -- For entrepreneurs seeking funding to open a retail storefront in Detroit, Highland Park, or Hamtramck, the deadline is fast approaching to enter the 2022 Comerica Hatch Detroit Contest in hopes of winning
Entrepreneurs can also drop off samples in person at TechTown Detroit (440 Burroughs St.) from Tuesday, May 10-Thursday May 12 during the following times each day: 10 a.m.-2 p.m. and 4-6 p.m.
The contest, which is returning for the first time since 2019, aims to promote small business economic development in Detroit. It takes place over a four-month span, including two rounds of public voting – Top 10 and Top 4 - allowing the community to vote for their favorite businesses to win.
The top 10 ideas will be introduced to the community for public vote to determine four finalists. A second public vote will help decide the contest winner. Each of the four finalists will compete in a "Hatch Off" event competition on Thursday, July 21 and pitch their business idea to a panel of judges and an audience of peers. Public vote and judges' deliberation determine the winner.
The winner of the Comerica Hatch Detroit Contest will receive
"Our objective is to support and foster success in the businesses that enter, not just the winner of the contest," said Vittoria Katanski, Executive Director, Hatch Detroit. "Those who submit will receive feedback after the contest that will provide them practical next steps to opening."
Bolstering the 2022 contest is the newly formed partnership between Hatch Detroit and TechTown. Hatch Detroit's into TechTown's small business services program lineup provides a sustainable future for integration Hatch while creating synergies between the two organizations which both champion and support small businesses in and around Detroit.
Beyond the contest, Hatch Detroit provides funding, exposure and mentoring in support of its alumni entrepreneurs. Together, Hatch Detroit alumni have opened 49 businesses, employ over 500 people and have invested more than
Since 2012, Comerica Bank has contributed
For more information to submit business proposals to Comerica Hatch Detroit Contest, interested entrepreneurs can visit HatchDetroit.com.
About Comerica Bank
Comerica Bank, a subsidiary of Comerica Incorporated, has served Michigan longer than any other bank with a continuous presence dating back over 172 years to its Detroit founding in 1849. It is the largest bank employer in metro Detroit and has over 4,500 employees (FTE) statewide. With one of the largest banking center networks in Michigan, Comerica nurtures lifelong relationships with unwavering integrity and financial prudence. Comerica positively impacts the lives of Michigan residents by helping customers be successful, providing financial support that assists hundreds of charitable organizations, and actively participating in Detroit's downtown revitalization. Comerica Incorporated (NYSE: CMA) is a financial services company strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Follow on Facebook: www.facebook.com/Comerica, Twitter: @ComericaBank and Instagram: @comerica_bank.
About Hatch Detroit
Hatch Detroit supports both existing and new retail initiatives in the cities of Detroit, Highland Park and Hamtramck. Hatch Detroit was founded in 2011 to give residents and aspiring entrepreneurs an opportunity to have a voice in neighborhood retail development and joined TechTown Detroit's suite of entrepreneurial programs and services in 2022. Beyond the contest, Hatch Detroit provides funding, exposure and mentoring in support of its alumni entrepreneurs. With support from Hatch Detroit, 49 alumni have opened businesses. They employ over 500 people and have invested over
About TechTown Detroit
TechTown is a nonprofit business service organization that provides programs, education and resources for early- to growth-stage small businesses and tech entrepreneurs. By building bridges for entrepreneurs to succeed, TechTown is accelerating an inclusive economy for Detroit and Southeast Michigan. Since 2007, TechTown has supported more than 4,500 companies, which created 1,600 jobs and raised more than
View original content to download multimedia:https://www.prnewswire.com/news-releases/deadline-fast-approaching-to-enter-the-100-000-comerica-hatch-detroit-contest-301541856.html
SOURCE Comerica Bank
FAQ
What is the deadline for the Comerica Hatch Detroit Contest?
How much funding can entrepreneurs win in the Hatch Detroit Contest?
When will the Hatch Off event take place for finalists?
Who can apply for the Comerica Hatch Detroit Contest?
What assistance do contest winners receive?
