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

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

A new $54 million fund called the Wayne County Small Business Hub has been 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 the New Economy Initiative. The announcement was made Wednesday at the Detroit Regional Chamber’s Mackinac Policy Conference.

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

“The new economy in Southeast Michigan needs to be inclusive, it needs to support small businesses, which are often overlooked in some of these larger programs,” said Wafa Dinaro, executive director of the New Economy Initiative, during the press conference. “Today’s announcement is truly 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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