In 2014, the New Economy Initiative (NEI) launched NEIdeas. Over 600 businesses in Detroit, Hamtramck and Highland Park applied. Of those applicants, more than 30 small businesses won cash awards totaling $500,000. Now, in 2015, NEI is doing it again with the $10k Challenge and $100k Challenge.
We believe that a great idea can help a good business grow. In two-hundred words or less, you provide the idea. We provide the money to make it happen.