Hatch Detroit Partners with Comerica Bank



Published:

DETROIT – Hatch Detroit announced today it will partner with Comerica Bank for the Comerica Hatch Detroit Contest, the nonprofit’s second annual retail business competition. The bank will be the presenting sponsor of the contest, providing the full prize amount of $50,000 for the winning business idea and a significant amount of in-kind support to further Hatch Detroit’s efforts to help entrepreneurs in Detroit.

“We founded Hatch Detroit on the premise that vibrant and diverse retail is the lifeblood of a thriving urban community,” said Nick Gorga, co-founder of Hatch Detroit. “With Comerica's sponsorship, we are thrilled to bring together the energy and passion of the city's grassroots organizations with the breadth and strength of one of the city's venerable companies to help support, promote and fund the amazing ideas percolating in our city.”

Hatch Detroit launched in 2011 with overwhelming success. The inaugural contest garnered hundreds of Detroit retail business ideas and ignited tremendous community support for the 10 semi-finalists, culminating in thousands of public votes cast for the winning idea. Last year’s winner Hugh, a home furnishings shop featuring classic bachelor pad style, received $50,000, in addition to a suite of donated services from individuals and companies to help the shop “hatch” and thrive. Hugh will open for business in fall 2012.

This year, the Comerica Hatch Detroit Contest is set to be bigger and better than last year with even more of a local impact. More than simply a competition with one winner, the effort will delve into the community to provide resources to small business owners and serve to inspire entrepreneurship in the region.

“Comerica is committed to the City of Detroit and to supporting the small businesses that are a driving force in Michigan’s economy,” said Thomas D. Ogden, president, Comerica Bank-Michigan. “As a bank that has a stake in the future of our region, we are proud to make this investment in Hatch Detroit, and in the city and communities we serve.” 

Hatch Detroit expects to begin accepting applications for the Comerica Hatch Detroit Contest on June 1, 2012. Further details will be announced at a later date. Visit http://www.hatchdetroit.com for more information.

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Related Articles

Detroit Pistons and Henry Ford Health System Partner on Training, Rehab, and Sports Medicine Complex  

The Detroit Pistons and Henry Ford Health System today announced plans to build a new 100,000-square-foot training, rehabilitation, and sports medicine complex in Detroit’s New Center area. The site is bordered by Amsterdam Street, Second and Third Avenues, and a set of railroad tracks to the north. Construction is expected to begin this summer.

Ford Invests $1B in Argo AI, Works Towards Leading Autonomous Vehicle Market

Dearborn-based automaker Ford Motor Co. today announced a $1 billion investment in Pittsburgh-based Argo AI over the next five years, to develop a virtual driver system for the autonomous vehicle Ford has planned for 2021, and for potential licensing opportunities.

Meridian Winter Blast Set to Coincide With North American International Auto Show

The thirteenth annual Meridian Winter Blast, presented by Quicken Loans, has been moved up several weeks and is now scheduled to coincide with the final weekend of the North American International Auto Show — January 20-22.

Detroit Pistons to Move to Downtown in 2017, will Generate Additional $596.2M in Economic Impact

Agreements under which the Pistons will move to downtown Detroit and begin playing next season at the new Little Caesars Arena in The District Detroit, a $1.2 billion sports and entertainment development, have been announced today.

Ford, UAW-Ford Invest $6M in Motown Museum Expansion

In what will distinguish the company and the union as the lead donor for the project, Ford Motor Co. and UAW-Ford have announced plans to make a $6 million investment in the Detroit-based Motown Museum’s $50 million expansion.
Edit ModuleShow Tags

Most Popular

  1. Muer’s Table + Bar Coming to Partridge Creek in Clinton Township This Spring
    Muer’s Table + Bar, a restaurant following in the heritage of the Muer family, will open for...
  2. Downtown Detroit Partnership Announces Redesign for Capitol Park
    The Downtown Detroit Partnership, in collaboration with the city of Detroit, today announced its...
  3. Crafted by Lear
    With a 2009 bankruptcy in the rearview mirror, Matt Simoncini and Lear Corp. have set their...
  4. Ferndale’s GreenSpace Café to Host First Vegan and Vegetarian Speed Dating Event in Michigan
    Ferndale-based GreenSpace Café, a plant-based vegetarian and vegan restaurant owned by Dr. Joel...
  5. Entrepreneur-YOU Conference Set for March 15 at Walsh College in Troy
    Registration is now open for the sixth annual Southeast Michigan Women’s Entrepreneur-YOU...
  6. Barton P. Buxton Named President and CEO of McLaren Oakland
    McLaren Oakland, a 328-bed medical center in Pontiac, has announced the appointment of Barton P....