New Wayne County fund will distribute $54 million to small businesses

Warren Evans, Wayne County Executive, and Wafa Dinaro, executive director of the New Economy Initiative announce a $54 million fund for Wayne County businesses. The announcement was made at the Detroit Regional Chamber Mackinac Policy Conference June 1, 2022.

A new $54 million fund called the Wayne County Small Business Hub has launched, and it will provide support to new and existing businesses with a focus on technical assistance.

The fund is a collaboration between the Wayne County Executive’s Office and New Economy Initiative. The announcement was made Wednesday at the Detroit Regional Chamber’s Mackinac Policy Conference.

The program will have a focus on businesses in Wayne County that have 50 employees or fewer. It will specifically focus on minority- or women-owned businesses, and micro businesses with 10 or fewer employees. 

“The New Economy of Southeast Michigan must be inclusive, it must support small businesses, which are often overlooked in some of these larger programs,” said Wafa Dinaro, executive director of the New Economy Initiative, in the news conference. “Today’s announcement is really a step in that direction. This program is designed to replicate the work that NEI has done in the city of Detroit.”


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