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WJR Business Beat with Jeff Sloan: Detroit Small Business Stabilization Fund (Episode 14)



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Amid the coronavirus crisis, programs and resources are emerging across the nation to provide aid to small businesses. Such programs are popping up in our own backyard, too.

On this morning’s WJR Business Beat, Jeff shares details of the Detroit Small Business Stabilization Fund, a program announced yesterday by TechTown CEO, Ned Stabler.

The program will be funded largely by the Quicken Loans Community Fund and by the Gilbert Family Foundation. Through the fund, TechTown will provide working capital grants up to $5,000 to qualifying small businesses.

In a press release announcing the fund, Stabler said: “We all know what very real threat lies ahead for our local neighborhood businesses as in-person customer traffic vanishes.”

Application instructions will be posted on Friday, March 20, and interested small business owners can find a list of criteria to qualify for the Detroit Stabilization Fund here.

Listen in below:

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For StartupNation’s full list of financial and educational assistance for small businesses and startups impacted by the coronavirus, click here.

Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen live HERE.

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