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 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.

Ford to Launch Fully Autonomous Vehicle for Ride Sharing in 2021

Dearborn-based Ford Motor Co. has announced its intent to have a high-volume, fully autonomous SAE level 4-capable vehicle in commercial operation in 2021 in a ride-hailing or ride-sharing service.

Ford to Auction Aviation-inspired Mustang

Dearborn-based Ford Motor Co. has unveiled a new aviation-inspired Mustang, which will be auctioned off to benefit the Wisconsin-based Experimental Aircraft Association’s youth education programs.

Fontinalis Partners Closes on $100M Mobility Fund

Fontinalis Partners, a Detroit-based venture capital firm, has closed on its second fund, Fontinalis Capital Partners II L.P., for $100 million. The new fund will invest in companies working on next-generation mobility technologies.
Edit ModuleShow Tags

Most Popular

  1. 2016 Top Restaurants in Metro Detroit for Business
  2. New Cocktail Bar Bad Luck Opens Thursday in Detroit’s Capitol Park
    The Detroit Optimist Society, the restaurant group that includes Wright & Co., Sugar House,...
  3. Ben’s Soft Pretzels Franchise Expands in Metro Detroit With 15 New Locations
    Ben’s Soft Pretzels, an Indiana-based soft pretzel bakery franchise, has announced plans to...
  4. Report: 1,600 Multifamily Units to be Delivered in Detroit Next Year
    More than 540 multifamily units have been built this year in Detroit, and more than 1,600 units...
  5. Henry Ford Health System Appoints New President and CEO of Health Alliance Plan
    Henry Ford System Appoints Terri Kline as its President And CEO Of Health Alliance Plan
  6. Pure Detroit to Open New Shop in Detroit’s Midtown District
    Pure Detroit, an independent city retailer, this month is opening a new location in Detroit’s...