Detroit – Matching Vacant Space and a Business

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Business, Commercial Real Estate, Detroit, Entrepreneurs, Grants

In 2015, Motor City Match provided $500,000 in matching grants; connecting business owners with property owners. Property owners with vacant space looking for tenants and entrepreneurs looking for space in Detroit may look to find help through this potentially viable option.

Grant Applications for Business Owners and Building Owners in Round 3 is currently open and will close January 1st.

In the previous round, 10 businesses received a share of the $500,000 Grant to start or expand a business plus 87 businesses received assistance in planning or guidance to get their businesses started.

For more information and to submit an application go to www.motorcitymatch.com.

The Detroit Economic Growth Corporation, a private, non-profit organization, one of the partners in Motor City Match, has a lot of resources to help companies and businesses arrive and thrive in Detroit.

 

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Work-Life Integration

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Business, Commercial Real Estate, Labor force, Startups

Work-life balance is now about work-life integration.

Startups are currently looking for spaces and  buildings where their workers can live and work.  Co-living, or group living, with a small personal space and large communal spaces for living and working.

It’s not a 9 to 5 workday, it’s 24 hour accessibility for hours that work best for work, rest or play.

Both shared and independent office space are in high demand. Freelance workers, independent contractors, and the self-employed are estimated to be 33% of the work force and may grow to 50% by the end of this decade, certainly an opportunity for landlords to be creative.

Source: Buzzfeed

Source: Bizshift-Trends

Photo: Death to the Stock Photo

Women’s Small Business Month

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Business, Washtenaw County, Women-Owned

The National Women’s Business Council celebrates Women’s Small Business Month in October. As stated on their website “… the NWBC advises the White House, Congress and the Small Business Association on issues relevant to women business owners – with a critical focus on how to alleviate the obstacles faced by both women business owners and women trying to start their own businesses.”

Locally women business owners will be recognized at a networking breakfast on October 24th, 8:00 am at Ypsilanti Sam’s Club. RSVP by Oct 17th.

According to the 2007 Census, women-owned firms in Washtenaw County represented 33.1%.

Crains Detroit Business lists the largest 5 women-owned businesses by revenue in 2013.

Acknowledge and support Women-Owned Businesses this month!

 

 

Will Fourth Avenue be the new Main Street?

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Business, Downtown Ann Arbor, Retail, Walkable Downtowns

Main Street and State Street are downtown Ann Arbor’s primary shopping districts. Fourth Ave is one block from Main Street and has become an area that is providing opportunity for businesses and a welcome new destination for shoppers.  With an abundance of restaurants on Main Street, Fourth Avenue was prime for increased retail.

Source:  Concentrate Media

Commercial Real Estate Market Recovery

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Ann Arbor Real Estate, Business, Commercial Real Estate, National Association of Realtors

During the National Association of Realtors November 2013 Annual Convention in San Francisco NAR’s Chief Economist Lawrence Yun showed cautious optimism about the Commercial Real Estate Market.  According to Bela Sipos, Manager of Reinhart Commercial “This article is consistent with what we are seeing as well. Parts of the market are performing better than others.”

Source: National Association of Realtors