2022-06-16 | NYSE: CMA | Press release
Online and in-person public voting starts as metro Detroit small businesses compete for $100,000 comerica bank grand prize
DETROIT, June 16, 2022 /PRNewswire/ — The wait is over! The Comerica Hatch Detroit competition powered by TechTown, which launched some of the from Detroit most popular neighborhood storefronts, officially named its top 10 semi-finalists. These companies have the opportunity to realize their dream of owning a physical store Detroit, Hamtramck Where Highland Park showcase a reality by winning $100,000 in seed funding from Comerica Bank, as well as an accounting, legal, IT and public relations support package from Hatch Detroit and its partners.
With the semi-finalists officially named, it’s now time for the public to make their voices heard and vote for the business they would like to see appear in their neighborhood. The public can vote once a day for their favorite company from June 17 at 12:00 p.m. until June 23 at 11:59 p.m. by visiting www.hatchdetroit.com/vote.
The four finalists for the Comerica Hatch Detroit 2022 competition will be announced friday june 24and the final round of public voting will follow before concluding on Thursday June 30.
In addition to voting online, individuals can also vote in person at any of the following locations:
- Tuesday, June 21: East Market Shed #2 (2518 Market St in Detroit) of 11 a.m. to 1 p.m.
- Wednesday June 22: Norma G’s (14628 E. Jefferson Avenue in Detroit) of 5:30 p.m. to 7:30 p.m.
- Thursday June 23: Grandmont Rosedale Farmer’s Market (19566M-5 in. Detroit) of 4:30 p.m. to 6:30 p.m.
“One of the reasons this competition has been such a success is the level of support business owners receive from their neighbors and how community driven it is,” said Vittoria Katansky, executive director of Hatch Detroit. “Every vote they get is someone saying, ‘I want you in my neighborhood and I’ll support you,’ which is incredibly powerful. Not only do they get public support from day one, but they also access to technical assistance expertise from Hatch Detroit and support from our partners at Comerica Bank and TechTown.”
Together, Hatch Detroit alumni have opened 49 businesses, employ more than 500 people and have invested more than $7 million in their businesses. Over the years, the Comerica Hatch Detroit competition has helped launch some of the from Detroit most successful and well-known companies including La Feria (2012), Sister Pie (2014), Live Cycle Delight (2015), Meta Physica Massage (2016), Baobab Fare (2017) and 27th Letter Books (2019).
Below are the top 10 companies competing to win the Comerica Hatch Detroit 2022 competition:
- COLFETARY: a European dessert and pastry shop, specializing in Romanian desserts and pastries. Their aim is to bring the cultures of Detroit and Romaniawhile offering a taste of Europein the heart of Downtown Detroitno passport required!
- Craig’s Cafe: a community coffee roastery and coffee bar that plans to roast and sell their own coffee, while offering other roasters a place to roast and sell their own products. Additionally, the space will serve as a commissary kitchen, where food and beverage companies can use the kitchen for food preparation, storage and serving.
- Detroit Farm and Cider: a 4.9 acre commercial farm on from Detroit West side with plans to build a cider house and offer youth day camps and riding lessons.
- Gajiza ravioli: a dumpling shop specializing in Asian-style dishes and handmade dumplings. The dumplings come in over 30 flavors and range from traditional pork and shrimp shumai to contemporary western style, miso cheeseburger gyoza or goat cheese and leek. Their focus is based on Asian street food: fast and delicious.
- Jo’s Gallery Cafe: a pan-ethnic fusion restaurant located in Detroit on the famous avenue Livernois de la Mode and next to Jo’s Gallery, a 20 year old art gallery owned by the second generation of owners. The restaurant will serve dishes with identifiable African origins and Asian, South American, CaribbeanMediterranean and American fusions.
- Collective K. Walker: a ready-to-wear lifestyle company that seeks to meet the fashion needs of young urban professionals by offering an eclectic range of street, comfortable and refined clothing.
- Lily and Elise: a luxury tea room on fashion avenue whose main focus is high end European style afternoon and high tea service with fresh pastries and small plates to accompany orders.
- Little Liberia: an afro fusion pop-up restaurant looking for a permanent space to present itself from Liberia rich multicultural cuisines to the people of Metro Detroit. They serve authentic Liberian dishes, a cuisine whose heritage is a blend of African cuisine, Caribbeanand Antebellum-American South African influences.
- Motor City Stone House: distributor of natural and reconstituted stone slabs in Southeast Michigan. Focused on bringing character, stability and grandeur to the Detroit community, they offer a wide selection of granite, marble, quartz and other top quality stones from their 10,000 square foot warehouse located in Detroit.
- pong Detroit: a table tennis social club where players of all levels and abilities can come together to exercise and play a fun and safe Olympic sport. In addition to providing space for competitive ping pong matches, Pong Detroit engages Detroit programs for youth, offers accessible play for wheelchair adapted table tennis, and offers programs for seniors.
“Comerica Bank values the culture and support of small businesses in our community – we are proud to contribute to a passionate organization that uplifts and rewards driven entrepreneurs with big ideas and incubates economic development,” said Linda Nosegbe, vice-president of Comerica Bank and responsible for the Southeast external business market. “The Comerica Hatch Detroit competition encourages innovation, creative thinking, and originality that ultimately contributes to from Detroit revitalization. We now look forward to this next big step where we will see the enthusiasm, reaction and support from our residents for the business concepts that have reached this stage of the competition. »
On July 21, the four finalists will have the opportunity to pitch their business pitch to a panel of judges, as well as a live audience, for a chance to win the grand prize of The Hatch Off competition. The winner of the 2022 Comerica Hatch Detroit Sweepstakes will be chosen through a combination of public voting and judge deliberation.
Tickets are now available to attend the top four trade presentations and see the winner of the Hatch Off competition crowned. Hatching takes place on July 21 at 7 p.m.with doors opening to 6 p.m.located at Wayne State University Industry Innovation Center at 461 Burroughs Street in Detroit. To purchase your ticket to Hatch Off, visit hatchdetroit.com/events.
About Hatch Detroit
hatch Detroit supports existing and new retail initiatives in the cities of Detroit, Highland Park and Hamtramck. hatch Detroit was founded in 2011 to give residents and budding entrepreneurs a voice in neighborhood retail development and joined TechTown Detroit’s suite of entrepreneurial programs and services in 2022. Beyond the competition, Hatch Detroit provides funding, exposure and mentorship in support of its alumni. contractors. With the support of Hatch Detroit, 49 alumni opened businesses. They employ over 500 people and have invested over $7 million in economic development. To learn more, visit hatchdetroit.com.
About Comerica Bank
Comerica Bank, a subsidiary of Comerica Incorporated, served Michigan longer than any other bank with a continuous presence dating back over 172 years Detroit foundation in 1849. It is the largest banking employer in the metro Detroit and more than 4,500 employees (FTEs) statewide. With one of the largest networks of banking centers in Michigan, Comerica maintains enduring relationships with unwavering integrity and financial prudence. Comerica has a positive impact on the lives of Michigan residents by helping customers succeed, providing financial support that helps hundreds of charities, and actively participating in from Detroit downtown revitalization. Comerica Incorporated (NYSE: CMA) is a financial services company strategically aligned with three lines of business: commercial banking, retail banking and wealth management. Follow on Facebook: www.facebook.com/Comerica, Twitter: @ComericaBank and Instagram: @comerica_bank.
About TechTown Detroit
TechTown is a nonprofit business service organization that provides programs, training, and resources for small businesses and technology entrepreneurs in the start-up or growth stage. By building bridges for entrepreneurs to succeed, TechTown is accelerating an inclusive economy for Detroit and Southeast Michigan. Since 2007, TechTown has supported more than 4,700 businesses, creating thousands of jobs and raising more than $172.5 million in seed and growth capital. For more information, visit techtowndetroit.org.
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SOURCE Comerica Bank