NEIdeas grants $200K to Detroit, Highland Park co’s
The New Economy Initiative announced Monday two area businesses will receive $100,000 grants: J&G Pallets and Trucking in Detroit and Sherwood Prototype in Highland Park.
Each company received the grants through the NEIdeas program, a special project of the Community Foundation for Southeast Michigan. Back in October the New Economy Initiative awarded $10,000 grants to 30 small businesses from Detroit, Hamtramck and Highland Park. Two “People’s Choice” winners were added in December.
The goal of the program is to help out longstanding businesses in the community. There were nearly 600 applicants for the grants.
“NEIdeas is focused on existing small businesses in Detroit, Hamtramck and Highland Park to grow the ‘been-ups,’ the businesses who have really been a staple in our community for years,” David Egner, NEI Executive Director, said in a statement. “As we continue to see Detroit’s small business networks grow and thrive, we are thrilled to recognize companies such as J&G Pallets and Sherwood Prototype who have created jobs and helped stimulate Detroit’s economy for over 20 years, and better connect them to resources that will help them grow.”
J&G Pallets and Trucking manufacturers pallets and is located on the city’s east side. The company is consolidating operations into a single building, and the grant will allow them to renovate electrical and plumbing work, hire eight employees and purchase a wood pallet maker to boost efficiency.
Sherwood Prototype is a metal prototype manufacturing business established in 1991 that specializes in sheet metal parts, stampings and assemblies for various industries, including automotive. The grant will be used to add welding equipment and renovate their existing space.