News

    In Crain’s Detroit Business: Build Institute expands reach in Michigan, Midwest

    By Sherri Welch // March 17, 2019 "Detroit-based Build Institute has licensed its basic entrepreneurial education curriculum to a Fort Wayne, Ind., group working to develop an entrepreneurial system there. At the same time, it's expanding its classes and select entrepreneur support programs to other cities in Southeast Michigan, starting with Pontiac and Hazel Park. Build is in the pilot phase of scaling its programs through an effort dubbed "Build Cities." The three cities are enabling it to test different models for bringing its programs to other communities. The three cities are the first to see Build classes outside of Detroit, but leaders...

    Press Release: Record-Breaking Attendance for First-Ever Build Basics Pontiac Course

    (PONTIAC, MI) – On Monday, March 25, Detroit-based small business incubator Build Institute celebrated the 18 graduates of the first-ever Build Basics Pontiac class. Build partnered with Flagstar Bank and T. Ramsey and Associates to bring this resource to small businesses and entrepreneurs located in Pontiac, Michigan. By piloting this core course in Pontiac, and casting a wider net to include a broader geography than its original Detroit footprint, Build Institute and partners are responding to regional demand, collaborating to help grow small businesses, and heading directly into the communities where interested entrepreneurs live and work. “We were thrilled to...

    In Crain’s Detroit Business: For Capital, Think Beyond Traditional

    By April Boyle // March 3, 2019 "To the Editor: We were very excited to read "Capital for minority, women entrepreneurs increases but still a struggle to access" and to read the Eckblad Group's Capital Access report that sparked the story. This is such important work and we are glad for the new learnings and attention on supporting small businesses in Detroit. There are countless benefits to the region when entrepreneurs of color, immigrants and women are able to access capital and support — the more thoughtful action we take here, the better. They should have the chance to partner with mentors and coaches,...

    In model D: Business support organization the Build Institute expands to old Tigers site

    By Aaron Mondry // NOVEMBER 06, 2018 "New businesses often need a lot of support to be successful. Space to work and test out ideas, technical assistance, and opportunities to network, to name a few. Business incubator the Build Institute is looking to create a space which will offer all these services and more. Called The Corner, this business support center will be located at the former site of Tigers Stadium in Corktown. Build just launched a Patronicity crowdfunding campaign with support from the Michigan Economic Development Corporation (MEDC) to raise $50,000. Funds will support the buildout of the 3,800-square-foot space that will include: quiet...

    Press Release: Build Institute and City of Ferndale Hosted First-Ever Ferndale SOUP

    Build Institute and City of Ferndale Hosted First-Ever Ferndale SOUP Micro-Granting Dinner Brought Crowdfunding, Democracy and Community Development to Ferndale LAW FIRM 2 GO Won Support from Level One Bank, Build Institute and Extended Ferndale Community   (FERNDALE, MI) – On Thursday, June 27, Detroit-based small business incubator Build Institute partnered with the City of Ferndale to host the first-ever SOUP event in suburban Detroit. For years, the City of Detroit has been host to a multitude of SOUP events, raising more than $140,000 via crowdfunding for new local nonprofits, businesses and initiatives. “We were thrilled to partner with the City of Ferndale...

    In dbusiness: The Corner Mixed-use Development Gets Underway at old Tiger Stadium Site in Detroit

    By Grace Turner // May 8, 2018 "Larson Realty Group in Detroit, the City of Detroit, and several partners today broke ground on The Corner, a $30-million mixed-use development on the former Tiger Stadium site in Detroit’s Corktown district. The four-story project will include apartment and retail space fronting on Michigan Ave., immediately west of Trumbull Avenue.   The development will offer 111 units of multifamily apartments, including studio, one-, and two-bedroom floorplans. The 26,000-square-foot ground-level retail space will have an emphasis on local small businesses."

    Press Release: Build Institute continues growth, leaving DDP to become its own autonomous 501c3

    DETROIT – Continuing a year of monumental growth, Build Institute, an incubator for small Detroit businesses, will separate from the Downtown Detroit Partnership (DDP) and becoming an autonomous 501c3 starting January 1. Build Institute helps individuals turn business ideas into reality by providing tools, resources and a support network made up of small and aspiring business owners in Detroit. In a little over five years, Build has made a strong economic impact in Detroit, helping over 450 businesses, which have created and/or retained 1,000 jobs in Michigan. Since its inception in January 2012, Build has graduated over 1,300 entrepreneurs and...

    Limited Edition Holiday Build Box 2017

      Build Institute is proud to introduce to you a carefully curated box of exciting goodies from Detroit-based small businesses. Shipped directly to your door in time for your holiday gatherings, our Build Box features a wonderful selection of products from our graduates. The box makes a perfect gift for friends, family or clients and supports local entrepreneurs and Detroit’s economy. Numbers are limited so order a box or two for yourself and a friend today! Support Local! Get a Build Box this holiday season! After paying our Build grads for their amazing products, proceeds are donated to Build Institute. Included in each...

    The Importance of Financial Literacy for Micro-Businesses

    The need for financial literacy is clear in both our personal lives and in business, but perhaps the highest stakes for personal financial adeptness is in micro-business. Build Institute defines a micro-business as a small company, usually made up of less than five employees. These ultra-small operations often rely on one or two key individuals to make decisions that affect every aspect of the business. With that, micro-business entrepreneurs have to know their business and it’s financials inside and out. Unfortunately, too many of them are operating with poor or incomplete numbers, or even worse -- operating in the...

    Build Speaks at South By Southwest (SXSW)

    In March 2017, Build was invited by Michigan House to speak on the panel about equity and inclusion in communities. Exploring the strategies employed by Michigan’s communities to build an inclusive future that encourages opportunity for all. Panelists include:  April Boyle of Build Institute Grand Rapids Mayor Rosalynn Bliss James Chapman of Rock Ventures LLC Pamela Lewis of New Economy Initiative South By Southwest (SXSW) dedicates itself to helping creative people achieve their goals. Founded in 1987 in Austin, Texas, SXSW is best known for its conference and festivals that celebrate the convergence of the interactive, film, and music industries. The event, an essential destination...