Public voting begins online and in-person as metro Detroit small businesses compete to win $100,000 grand prize from Comerica Bank
DETROIT, April 4, 2023 /PRNewswire/ -- The results are in! The Comerica Hatch Detroit Contest powered by TechTown, the small business competition responsible for launching some of the city's most popular neighborhood storefronts, is excited to reveal its Top 10 semifinalists. These businesses are now in the running to win $100,000 in startup funds from Comerica Bank and make their dream of owning a brick-and-mortar Detroit, Hamtramck or Highland Park storefront a reality.
Public voting to narrow down the semifinalists from 10 to four will begin Wednesday, April 5, at noon and run through Wednesday, April 12, at noon.
The four finalists of the 2023 Comerica Hatch Detroit Contest will then be announced on Thursday, April 13, with the final round of public voting beginning at noon on Monday, April 24 and running through the completion of the pitch competition at the Hatch Off on Wednesday, April 26.
Community members can vote for their favorite businesses once per day by visiting HatchDetroit.com.
In addition to voting online, in-person voting will take place at each of the following locations from 10 a.m. until 2 p.m. on April 5 and April 6:
"A key reason we believe our alumni have so much success in Detroit's small business landscape is the overwhelming amount of support from the community," said Christianne Malone, assistant vice president for economic development at Wayne State University and chief program officer of TechTown Detroit. "The Comerica Hatch Detroit Contest has become a proven launching pad for budding entrepreneurs, not just because of the startup funding from Comerica Bank and expert counsel from TechTown Detroit and its partners, but because the public has a voice in which businesses they'd like to see set up shop in their neighborhoods, and they are dedicated to supporting those businesses."
Over the years, the Comerica Hatch Detroit Contest has helped launch some of Detroit's most successful and well-known businesses, including La Feria (2012), Sister Pie (2014), Meta Physica Massage (2016), Baobab Fare (2017) and 27th Letter Books (2019).
With this year's investment, Comerica Bank and the Comerica Charitable Foundation will have committed nearly $1 million to Hatch Detroit since Comerica's partnership began in 2012.
Below are the top 10 businesses competing to win the 2023 Comerica Hatch Detroit Contest:
"Comerica Bank is proud to contribute to an organization that rewards ingenuity and helps incubate promising small businesses with big plans," said Linda Nosegbe, Comerica Bank National Community Impact Manager. "The Comerica Hatch Detroit Contest is truly the epitome of what we envision when we think of 'The American Dream' – these top 10 candidates will have a chance at winning $100,000 in startup funding, which will ultimately help them make their dreams of opening their own storefront in Detroit a reality."
2023 Hatch Off
On April 26, the four finalists will have the opportunity to present their business pitch to a panel of judges and a live audience, "shark tank" style, for a shot to win the grand prize at the Hatch Off competition. The winner of the 2023 Comerica Hatch Detroit Contest will be chosen through a combination of the public's vote and judges' deliberations.
Tickets are now available to witness the top four business pitches and see the winner of the Hatch Off competition crowned. The Hatch Off takes place on Wednesday, April 26 at 6 p.m., located at the Wayne State University Industry Innovation Center at 461 Burroughs Street in Detroit. To purchase your ticket to the Hatch Off, visit HatchDetroit.com.
Comerica Bank, a subsidiary of Comerica Incorporated, has served Michigan longer than any other bank with a continuous presence dating back nearly 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. Comerica Incorporated (NYSE: CMA) is a financial services company strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Follow on Facebook: www.facebook.com/Comerica, Twitter: @ComericaBank and Instagram: @comerica_bank. Download new Comerica Bank corporate logo.
TechTown is a nonprofit business service organization that provides programs, education and resources for early- to growth-stage small businesses and tech entrepreneurs. By building bridges for entrepreneurs to succeed, TechTown is accelerating an inclusive economy for Detroit and Southeast Michigan. Since 2007, TechTown has supported 5,371 companies, which created 2,277 jobs and raised more than $385 million in startup and growth capital. For more information, visit techtowndetroit.org.
Hatch Detroit supports both existing and new retail initiatives in the cities of Detroit, Highland Park and Hamtramck. Hatch Detroit, now part of TechTown Detroit's small business services programming, was founded in 2011 to give residents and aspiring entrepreneurs an opportunity to have a voice in neighborhood retail development and joined TechTown in 2022. Hatch Detroit provides funding, exposure and mentoring in support of its alumni entrepreneurs. With support from Hatch Detroit, 50 alumni have opened businesses. They employ over 500 people and have invested over $13 million in economic development. To learn more, visit hatchdetroit.com.
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SOURCE Comerica Bank