As of 2019 they had $1.7 million in revenue and $22 million in assets. It is inspiring. Detroit Development Fund, a Community Development Finance Institution based in Detroit, received approval of a $1 million loan from the Michigan Strategic Fund to make micro and small business loans ranging from $5,000 to $250,000 to Michigan’s small businesses in Detroit, Highland Park, and Hamtramck, with an emphasis on businesses located in economically disadvantaged areas. about GuideStar Pro. Register now. Help us get you more of the nonprofit information you need, including: An email has been sent to the address you provided. The Diversity in Development – Detroit Loan Fund … Detroit Driven; Detroit Innovation; Early Education Matters; Equitable Development; Good Food; Michigan Nightlight; Nonprofit Journal Project; On the Ground; Parnters in the Arts; Powering the Mitten; Resilient Neighborhoods; State of Health; STEM Hub; Stories of Change; Voices of Youth SED focuses on lending programs to provide financial assistance for minority small business owners, affordable housing developers and contractors, as well as job creation and retention for low- to moderate-income Detroit residents. In this short case study, learn how and why the Kresge Social Investment Practice made an investment in Detroit Development Fund. 2020Detroit Development FundAll Rights Reserved. Shorebank Eneterprise, Detroit promotes the economic development of low- to moderate income residents in the city of Detroit. Full-Time (Paid) job for a Director, Fund Development at Housing Partnership Network in Detroit, Michigan DETROIT DEVELOPMENT FUND | 39 followers on LinkedIn. Sign in or create an account to view Form(s) 990 for 2019, 2018 and 2017. Navigate the map below to understand development opportunities across Detroit. The CDFI community has moved to the front of the house in Detroit. Learn More D&B Reports Available for Detroit Development Fund Network Visualizer Advertisements. This website does not constitute or contain an offer or solicitation of any kind and none should be inferred. Because the Fund stays aligned with local revitalization strategies, in 2014 it moved forward with providing start-up and neighborhood business financing in an effort to provide smaller companies the proper business technical assistance to get started and/or to scale their company for growth, with a continued goal of creating additional jobs for Detroit residents and more viable neighborhood communities. Need the ability to download nonprofit data and more advanced search options? For information about the City of Detroit's Web site, email the Web Editor. All material is the property of the City of Detroit and may only be used with permission. SED focuses on lending programs to provide financial assistance for minority small business owners, affordable housing developers and contractors, as well as job creation and retention for low- to moderate-income Detroit residents. Click here to resend it.). The SNF 2.0 areas are listed below, with updates on their progress from Katy Trudeau, deputy director of Detroit's planning and development department: Grand … The community development financial institution assists in revitalizing economically distressed areas of Detroit by providing loans and technical assistance to small-business owners, developers, building owners and contractors. Copyright © 2011- DDF is now accepting applications for the MEDC COVID-19 Relief Fund. Interested Detroit small businesses can learn more about eligibility by contacting the Detroit Development Fund at 1-313-784-9547 or vholsey@detroitdevelopmentfund.com. Detroit Development Fund is a non-profit (501(c)(3)) organization. Detroit Development Fund industry is listed as Business Services. The Detroit Community Development Mini-Grant Fund Presented in partnership with Community Development Advocates of Detroit (CDAD), with support from J.P. Morgan Chase, this fund is designed to support the crucial work of Detroit community development and neighborhood organizations. Or we could have described the work of the Detroit Development Fund and Invest Detroit in supporting Goldman Sachs’ 10,000 Small Businesses program, which is underwriting scores of entrepreneurs and makers across the city. Detroit Community Loan Fund (DCLF) is a Community Development Financial Institution (CDFI) and low-profit limited liability company (L3C), created by Detroit Development Fund and Invest Detroit. Detroit Development Fund, a community development finance institution based in Detroit, received approval of a $1 million loan from MSF to make micro and small business loans ranging from $5,000 to $250,000 to small businesses in Detroit, Highland Park, and Hamtramck, with emphasis on businesses located in economically disadvantaged areas. Check out what Detroit Development Fund will be attending at Detroit Startup Week 2017 (Rolling Program Additions) See what Detroit Development Fund will be attending and learn more about the event taking place May 19 - 26, 2017 in Detroit, MI, United States. Key to this vision is a competitive core city workforce that connects to and propels economic growth in the region and state. A GuideStar Pro report containing the following information is available for this organization: This information is only available for subscribers and in Premium reports. All material is the property of the City of Detroit and may only be used with permission. This relief fund will provide general operating grants in amounts up to $5,000 to … Detroit Development Fund. Crowdfunding . Title: Fund Development Director Status: Part-time - 30 hours a week Hourly. DDF anticipates it will provide loans to businesses that require patient, flexible working capital to re-open or re-establish operations following the relaxation of the stay-at-home orders, mandated closures, and other public health restrictions. Here's how we can help. They provide term loans and lines of credit for small business owners, among other loans. Detroit Driven; Detroit Innovation; Early Education Matters; Equitable Development; Good Food; Michigan Nightlight; Nonprofit Journal Project; On the Ground; Parnters in the Arts; Powering the Mitten; Resilient Neighborhoods; State of Health; STEM Hub; Stories of Change; Voices of Youth and who do the programs serve? We strive to be the One Bank people most value and trust. Learn More Learn more We finance small businesses headquartered in the city of Detroit which have traditionally faced obstacles in obtaining financing, but have demonstrated growth potential. About the Detroit Development Fund DDF was established in 1996 with a mission to “improve the quality of life for residents in underserved Detroit neighborhoods.” A 501(c)(3) and certified as a CDFI, DDF provides term loans and lines of credit to small businesses, small contractors, and for-profit and nonprofit affordable housing developers. The products and services we offer Small Business Loans Recommendations Received (17) Dwight non Crank. The people, governance practices, and partners that make the organization tick. Capital Impact Partners and Detroit Development Fund serves the small-business ecosystem through gap funding, pre-construction loans and place-making. "DDF helped us to avoid looking for investors and helped us stay afloat in the process.". The Detroit Regional Workforce Fund envisions a healthy community that creates the conditions for financial stability of all residents and the economic vitality of businesses in Detroit and southeast Michigan. Announced in March 2019, The Mid will be the biggest development in Detroit north of Mack Avenue since the 1920s. This website is for informational purposes only and does not constitute investment advice or an offer to sell or a solicitation of an offer to buy any services or security which may be referenced herein. Detroit, MI, United States ; www.detroitdevelopmentfund.com + Contact Info (313) 784-9547; About; Contact; Back to Top ; Fast-track your prospect research with a Professional plan upgrade. Providing financing, training, and consulting services to businesses owned by entrepreneurs of color that primarily hire people of color. Detroit Development Fund (DDF) is a Community Development Finance Institution that provides financing to small business owners, devel-opers, building owners, contractors, and home purchasers who cannot raise the capital they need from traditional financing sources. Click on the link in that email Summary People Technology Signals & News. Apply to Project Coordinator, Grant Writer, Administrative Assistant and more! DDF delivers its products to the people and communities in the city As of 2019 they had $1.7 million in revenue and $22 million in assets. Save. Ioby utilizes a crowd-funding platform to connect community centered business owners with funding and support. This means valuing and promoting diversity in our business practices and working with our partners and communities to combat systemic racism. A 501(c)(3) and certified as a CDFI, DDF provides term loans and lines of credit to small businesses, small contractors, and for-profit and nonprofit affordable housing developers. 3031 W Grand Blvd Ste 505 Detroit MI 48202-3082, Management Services for Small Business/Entrepreneurs (S43). What are the organization's current programs, how do they measure success, Detroit Development Fund is a non profit, community development organization in Detroit, Michigan, providing business loans and technical assistance. to get more GuideStar Nonprofit Profile data today! Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Ioby. Detroit’s Entrepreneurs of Color Fund triples investments, celebrates 2nd anni... Fund for Detroit minority small business owners swells to $18 million, How JPMorgan Chase Is Fueling Detroit’s Revival. Detroit Development Fund is a small business bureau based in Detroit, MI that was founded in 1996. Invest Detroit is strongly committed to doing its part to ensure equitable opportunity, voice, and partnership in every facet of our work and throughout Detroit. The program is aimed at assisting those local … If it is your nonprofit, add geographic service areas to create a map on your profile. Sched.com Conference Mobile Apps. DDF provides loans and technical assistance to small business owners, developers, building owners, contractors, and subcontractors who cannot get all of the capital they need from traditional financing sources. Please check your inbox in order to proceed. A 501(c)(3) and certified as a CDFI, DDF provides term loans and lines of credit to small businesses, small contractors, and for-profit and nonprofit affordable housing developers. The fund is a new tool for Capital Impact’s long-time commitment to equitable development and inclusive growth in Detroit. Whether you're a prospective business owner, a banker, entrepreneur or just plain curious, we'll help you get where you need to be. Shorebank Eneterprise, Detroit promotes the economic development of low- to moderate income residents in the city of Detroit. The Organization's small business loan fund provides growth capital in the form of business loans to Detroit companies not able to obtain the necessary financing needed from traditional financing sources.Over the last few years, the target market has seen an influx of young, entrepreneurs moving into its neighborhoods bringing forth creative synergies and increased demand for housing and local businesses. Detroit Philanthropy offers affordable, private coaching services that allow development professionals an opportunity to garner advice, safely discuss challenges, brainstorm new ideas, solve problems, and learn new strategies and tactics. They provide term loans and lines of credit for small business owners, among other loans. Fund Development Coaching But it doesn’t have to be! Already have a GuideStar Account? The Detroit Development Fund is a small business lender, giving grants in the form of a loan. DETROIT DEVELOPMENT FUND is a company based out of 277 GRATIOT NO 3RD FL, DETROIT, Michigan, United States. All material is the property of the City of Detroit and may only be used with permission. The Detroit Development Fund will get a loan of up to $1 million to distribute as microloans to small businesses in Detroit, Highland Park and Hamtramck that are reopening following shutdowns due to … Detroit Development Fund is organization and a certified community development financial institution, incorporated in … The Affordable Housing Development and Preservation Fund will be administered by City of Detroit Housing and Revitalization Department (HRD). Whether it’s buying a home, starting a business or understanding how to pay for college, people of all ages, incomes and backgrounds count on us to help improve their lives. about GuideStar Pro. If it is your nonprofit, add a problem overview. Sponsored. Develop Detroit - Director, Fund Development Position Overview Develop Detroit (DDI) is a dynamic nonprofit real estate and housing developer working at scale to address the challenges around affordable housing, neighborhood stability and access to jobs. 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