The deadline is nearing for Detroit-area entrepreneurs to apply online forLaunchDETROIT, a multi-faceted micro loan program that includes free business training, micro loans of up to $2,500, assigned business mentors and networking opportunities.
Successful candidates who live or work in the Detroit region must have a business product or service that will enable them to repay their loan within one year through regular installments.
Qualifying applicants will be interviewed in August. Upon completion of required business classes that begin in September at Baker College of Allen Park and end with business plan presentations in December, the LaunchDETROIT selection committee will interview candidates for micro-loans to be awarded in January 2017.
The mission of LaunchDETROIT is to support and develop entrepreneurs and small businesses in under-resourced communities in the Detroit region. Since the program was introduced in 2013 by Rotary volunteers in District 6400, it has achieved national attention and international recognition from Rotary International, the world’s oldest service organization headquartered in Evanston, Illinois.
LaunchDETROIT is a non-profit program powered by Rotary volunteers from District 6400, which serves southeast Michigan and southwest Ontario. Questions may be emailed to contact@LaunchDetroit.org.