Detroit has seen recent challenges, but at its core it’s a city of dynamic entrepreneurial activity. The city of Detroit’s recent bankruptcy has created uncertainty for small businesses in the area– particularly for small city contractors – at the same time that the recovery of the auto industry and a growing startup ecosystem open up new economic opportunities. Given these challenges and opportunities, the U.S. Small Business Administration (SBA) is bringing the American Supplier Initiative (ASI), a federal government-wide initiative designed to increase government and commercial supply chain opportunities for small firms, to the city of Detroit.
Being a supplier to a large business is a game changer. But, we know that small businesses often lack the capital, skills and access to market opportunities to be effective suppliers. We want to change that because we know that small businesses who are suppliers to large corporations reported revenue growth of more than 250 percent and employment increased by more than 150 percent on average.
As a part of the American Supplier Initiative, the U.S. Small Business Administration is holding a series of supply chain events, in collaboration with federal agencies and private companies, throughout the country to provide the tools and resources needed for small businesses to become effective suppliers. And we want to make connecting your business to large companies easier and more efficient.