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Detroit Small Business Stabilization Fund (DSBSF)

WAYNE STATE UNIVERSITY RESEARCH AND

Funding Amount

Up to $5,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

Detroit Small Business Stabilization Fund (DSBSF)

Overview: Emergency COVID-19 relief grant program launched March 18, 2020, to provide immediate financial support to small businesses impacted by the pandemic.

Award Amount: Up to $5,000 per business

Geographic Scope: Detroit, Hamtramck, and Highland Park

Eligibility:

  • Small businesses with ten or fewer employees

  • Household income less than 80% of Area Median Income (AMI)

  • Low to moderate-income residents
  • Timeline: Launched March 18, 2020, during initial COVID-19 pandemic response

    Impact:

  • $1.2 million total capital raised

  • 697 small business owners received grants across Detroit, Hamtramck, and Highland Park

  • Two rounds of grants distributed
  • Funding Partners: Ally Financial provided $50,000 in COVID-relief funding

    Status: Fund has closed

    Contact: TechTown Detroit, 440 Burroughs Street, Detroit, MI 48202, (313) 879-5250, info@techtowndetroit.org

    Focus Areas & Funding Uses

    Fields of Work

    small-businesseshardship

    Categories

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