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DETROIT (WXYZ) — The University of Michigan’s Detroit Neighborhood Entrepreneurship Project has supported nearly 700 small businesses since its founding in 2016.
Now, DNEP is working to improve businesses in Detroit by providing them with access to the program’s entrepreneurial services.
“DNEP was successfully implemented at the Ford School as an intervention to address racial and wealth disparities, as approximately 90% of the companies we work with are minority-owned. It gave me an economic and community development perspective to my work,” said Christy Ayotte Baer. Managing Director of DNEP.
“As the program grew, it made sense to shift our focus to leverage greater entrepreneurship expertise and move to the Ross School. Additionally, both our accounting services and summer internship programs Both started in Los Angeles and are done in Los Angeles.”
Impact Studio, a student-led business incubator focused on impact businesses run by Michigan’s Ross School of Business, offers courses focused on creating green businesses in Detroit, along with the DNEP/Impact Studio summer internship program. We provide program participants with the opportunity to attend. To support Detroit businesses.
DNEP has recently focused on specific Detroit neighborhoods, including Jefferson Chalmers, Southwest, and Six Mile/Livernois.
The program also works to recruit companies to set up shop in identified focus regions.
“We appreciate the added value that business owners, together with the team at DNEP, get when they get serious about their business and think about what they can do to improve it,” Sanif said. said. “Most of our business owners are small business owners or sole traders, and having them come to the table with a special mindset to build their processes is critical to success.” said Lutalo Sanif, director of gender and business district services.Jefferson East Co., Ltd.
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