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$100,000 Comerica Hatch Detroit contest
PRNewswire/ -- Comerica Bank and TechTown Detroit are gearing up for the return of the Comerica Hatch Detroit Contest, a small business competition that awards $100,000 in startup funding from Comerica Bank to one winning entrepreneur seeking to open a Detroit brick-and-mortar storefront. The competition, first launched in 2011, bolsters small business development in Detroit and will take place over the next four months, announcing this year's winning business in the spring.
     Entrepreneurs with a retail concept looking to open their first brick-and-mortar location in Detroit, Hamtramck or Highland Park can submit their business plans via the Hatch Detroit website now through Feb. 16 at noon.
  The small business contest includes two rounds of public voting to determine the Top 10 and Top 4, allowing the community to vote for their favorite business to win the $100,000 grand prize from Comerica Bank as well as a business support package from TechTown Detroit and its partners.
     The contest will culminate on Thursday, May 9 with the annual "Hatch Off" where the Top 4 entrepreneurs present their business plans in front of a panel of expert judges and live audience and the winner is announced.
     "As a Detroit-founded bank with 175 years of commitment to Michigan communities, Comerica is dedicated to supporting the development and reinvigoration of the city's entrepreneurial growth," said Meghan Storey, Comerica Bank Senior Vice President and Michigan Director of Small Business Banking. "A true amalgamation of the American dream, the Comerica Hatch Detroit Contest go steps beyond financial investment and directly supports these small business owners by providing vital access to capital, technical guidance and business counsel for them to thrive."
     This year, Comerica Bank is celebrating 175 years of serving its communities, making it Michigan's longest-serving bank. Comerica was founded in 1849 in Detroit during a time when all banks in the city were exclusive to the business community. This was the motivation behind Comerica's decision to gear its banking for the people and for those who wanted to secure their personal and financial future. Since its inception, Comerica has grown in Michigan and throughout the country by focusing on the customer first and offering personal, small business and commercial banking services, as well as wealth management services.
  Throughout its history, Comerica has partnered with nonprofit and community organizations to improve financial education, support critical community needs and provide colleagues with volunteer opportunities.
  "When it comes to serving entrepreneurs in our community, TechTown has a proven track record of dedication and success. We are proud to be doing our part in the cultivation and reviving of Detroit's small business development with initiatives like the Comerica Hatch Detroit Contest," said Christianne Malone, Assistant Vice President for Economic Development at Wayne State University and Chief Program Officer of TechTown Detroit. "As an established launching pad for small businesses, Hatch Detroit continues to attract community-minded entrepreneurs who are strengthening Detroit's small business economy, and we look forward to continuing to help incubate the unbelievable entrepreneurial spirit that lives in Detroit."
  Over the years, the Comerica Hatch Detroit Contest has helped launch some of Detroit's most successful and well-known businesses, including 27th Letter Books (2019), Baobab Fare (2017), Meta Physica Massage (2016), Sister Pie (2014), and La Feria (2012).
  Winner of the 2023 Comerica Hatch Detroit Contest was Cathryn Coleman, founder and owner of Detroit's premier one-stop shop for balloons, decor, event planning and party rentals, Bouncing Around the Motor City. Together, Hatch Detroit alumni have opened 50 businesses, employ more than 500 people and have invested more than $7 million in their businesses.
  "As a relationship-based bank, we are incredibly passionate about our longstanding partnership with Hatch Detroit that allows us to further assist local entrepreneurs in accessing the capital and technical support required to get their dreams off the ground," said Linda Nosegbe, Comerica Bank Vice President and National Community Impact Manager. "A value of ours is cultivating economic opportunity, and the Comerica Hatch Detroit Contest has served as an amazingly effective conduit for these budding entrepreneurs to find opportunity and grow their business to the next level, contributing to the revitalization of Detroit's small business economy."
  With this year's investment, Comerica Bank and the Comerica Charitable Foundation will have committed more than $1.1 million to Hatch Detroit in direct funding since Comerica's partnership, along with additional in-kind support that includes technical services. The program is one of Detroit's most successful small business incubators since it first began in 2011 with Comerica partnering with Hatch beginning in 2012.
• Jan. 3: Submissions begin
• Jan. 18: Informational session
• Feb. 16: Submission period ends
• April 11: Top 10 announced
• April 12-18: Top 10 public voting period
• April 22: Top 4 announced
• May 1-9: Top 4 voting public voting period and media tour
• May 9: Winner announced at Hatch Off
  Comerica Bank, a subsidiary of Comerica Incorporated, has served Michigan longer than any other bank with a continuous presence dating over 174 years to its Detroit founding in 1849. It is the largest bank employer in metro Detroit and has approximately 4,500 employees (FTE) statewide. With one of the largest banking center networks in Michigan, Comerica nurtures lifelong relationships with unwavering integrity and financial prudence. Comerica positively impacts the lives of Michigan residents by helping customers be successful, providing financial support that assists hundreds of charitable organizations, and actively participating in Detroit's downtown revitalization. Follow on Facebook:, X (formerly Twitter: @ComericaBank and Instagram: @comerica_bank.

RNewswire/ -- According to a report Pessimism and Hope: A Survey of the Financial Status and Aspirations of Black Americans, by the Joint Center for Political and Economic studies, 75 percent of Black Americans could NOT handle an unexpected expense of $1,000. Change that dynamic in 2024 with the Life Culture Audit vision board app.
  The Life Culture Audit app embodies the principles of Kwanzaa - Unity, Self-Determination, Collective Work and Responsibility, Cooperative Economics, Purpose, Creativity and Faith. These principles are needed to grow the spending power of Black communities from 1.6 trillion annually. While that figure is slowly increasing, many Black people, even those earning above $100,00, are not economically stable.
  After investors refused to invest in the startup of Automation Workz, a tech training firm that assists low-income people of color acquire certifications in cybersecurity ops, AI & data analytics, tech project management and IoT, Ida Byrd-Hill sold her downtown Detroit residence, car and retirement funds. Ida believes economic stability comes with increased income and a positive mindset. Almost 4 years later of living in voluntary poverty, she has trained 100+ to move into a tech career and achieved her goal of affluence, again. Her secret weapon – Her 1-page Life Culture Audit vision board on her phone screen saver.
  "I look at my phone 100 times a day. The vision board drives me to complete the mundane 'little' tasks to achieve my goal. It keeps me 'fabulous,' my favorite greeting response and excited at all times. In 2023, my goal was to double the revenue of Automation Workz and finance my vision," exclaims Ida Byrd-Hill.
  Ida created the Life Culture Audit vision board app to focus her learners on improving their lifestyle goals, daily. Her tech training completion rates are 75% with many of her learners having doubled or nearly doubled their salaries.
  The Life Culture Audit vision board app utilizes the power of visualization. What people reflect upon and speak, they attract like a magnet. If you see yourself as broke, you speak in broke language, you remain broke. If you see yourself with abundance, you speak in abundance terms and abundance is attracted to you. Ida knows this first hand as she has been using a vision board since the age of 15 where she matriculated from a Flint housing project to the University of Michigan-Ann Arbor.
  In 2024, Ida plans a 10x revenue growth to train even more Black people for tech careers in multiple states.
  Join her in 2024. Use the Life Culture Audit vision boarding app to create a pictorial vision of your desired income and lifestyle so the math adds up. Download the Life Culture Audit app from the Apple App store and Google Play for FREE. Share with your friends and colleagues. Attend one of our Vision Boarding Parties.

Math ain't mathing? Celebrate Kwanzaa with Automation Workz
Vision Board App