Detroit launches technology grant fund for small businesses.

Detroit and the Detroit Economic Growth Corporation launched the Detroit Small Business Technology Fund to award $1,000 grants to 140 Detroit-based microbusinesses for hardware, software and emerging technology purchases.

Detroit and the Detroit Economic Growth Corporation announced the Detroit Small Business Technology Fund, a microgrant program to support technology adoption among local small businesses. The program is capitalized with support from the Rocket Community Fund and will award $1,000 grants to 140 Detroit-based microbusinesses. Eligible microbusinesses are defined as having 10 or fewer employees and under $500,000 in annual revenue. The grants may be used for hardware, software, daily-operations technology and emerging tools such as AI platforms. Key details: - The fund will provide $1,000 grants to 140 Detroit microbusinesses. - The program is administered by the Detroit Economic Growth Corporation and funded with support from Rocket Community Fund. - Eligible businesses have 10 or fewer employees and under $500,000 in annual revenue. - Nine neighborhood organizations will distribute 10 to 20 grants each, including the Michigan Black Business Alliance, the Arab American Chamber of Commerce, TechTown Detroit and Michigan Women Forward. - Partner organizations will collect outcome data on revenue, efficiency and customer gains, digital adoption and job creation. Summary: The initiative aims to help Detroit microbusinesses adopt modern technology and to track early outcomes through local partners. Participating neighborhood groups will select grantees and report on measures such as revenue changes and digital adoption. The program aligns with other local and state efforts that have supported small business digital capacity and AI-related support.