DETROIT - Comerica's Hatch Detroit contest is down to the final 4 finalists. The winner will be selected by a panel of judges as well as by popular vote. Voting began at noon May 1 and runs through May 9. Meghan Storey, SVP, Michigan Director of Small Business at Comerica Bank, names the Hatch Detroit
DETROIT - The Comerica Michigan Economic Activity Index jumped 5.2% annualized in the three months through April, although it was still down 0.4% from a year earlier after declines between June and February. Six of the index’s nine components increased in April, while three fell. Employment rose by a solid 10,800. While continuing claims for
DETROIT - Little Liberia was named the winner of the $100,000 2022 Comerica Hatch Detroit Content. In addition to the cash grant, Little Liberia will receive a package of pro bono support and counsel from Hatch Detroit powered by TechTown and its partners to bolster its opportunity for success. Congratulations to Little Liberia and the
DETROIT - The annual Hatch Detroit competition, to accelerate the growth of small businesses in Detroit, has scheduled its "Hatch Off" finals for July 21. Voting continues through July 7 for the People's Choice awards. Vittoria Katanski, Hatch executive director, provides all the details in this video interview. To check out the voting, click on
DETROIT – For entrepreneurs seeking funding to open a retail storefront in Detroit, Highland Park, or Hamtramck, the deadline is fast approaching to enter the 2022 Comerica Hatch Detroit Contest in hopes of winning $100,000 from Comerica Bank. Interested applicants with a retail concept looking to open a brick-and-mortar location can submit their business plans
DETROIT - Comerica Bank and Hatch Detroit kicked off the Comerica Hatch Detroit Contest and that will offer $100,000 to this year's winner courtesy Comerica. The contest, which is returning for the first time since 2019, aims to promote small business economic development in Detroit by financing actual bricks-and-mortar stores. Entrepreneurs with a retail concept
DETROIT - Sales of new homes increased in July, up by 1.0 percent to a 708,000 unit annual rate. This is still well below the recent peak 993,000 unit rate from last January. Inventories continued to loosen up, increasing to 6.2 months’ worth. The median sales price of a new home increased to $390,500 in
DETROIT—Comerica Michigan Economic Activity Index increased in May to a level of 106.7, 24.4 percent higher than the all-time low of 85.8 reached in June 2020, at the bottom of the coronavirus recession. The index averaged 100 points for all of 2020, 9 points below the index average for 2019. The index is comprised of
DETROIT—Comerica Bank’s Michigan Economic Activity Index rose 1 percent in February to a level of 104.0, from 102.9 in January. Economic activity in the year 2012 is equal to 100 on the index. The index is comprised of nine variables—nonfarm payroll employment, continuing claims for unemployment insurance, housing starts, house price index, industrial electricity sales,
DETROIT– Comerica officials said that while overall manufacturing conditions are improving globally, in the U.S. and in Michigan, the critical auto industry looks vulnerable to weaker sales this winter. Light vehicle production increased in November to an 11.0 million unit annual rate as sales slipped to a 15.9 million unit rate nationwide, down from 16.3
