March 2020 – March 2021 Impact Report

Meeting The Moment

TechTown tells the story of Detroit’s small businesses during this most difficult year of COVID-19 and the ways we rose to the occasion to support them.

IMPACT

Entrepreneurs Served

1,731

Businesses Served

Race/Ethnicity

Black/African American 68%
White 14%
Latinx or Hispanic 6%
Multiracial 6%
Arab and/or North African and Southwest Asian 3%
Asian 2%

Pronouns Used

She/Her/Hers

He/Him/His

Additional

Immigrants to U.S.

from 41 different countries

Education Levels

business owners did NOT graduate from college

WE DEPLOYED

Immediate Financial Support

In the early days of the crisis, we knew Detroit’s most vulnerable businesses and nonprofits didn’t have time to wait for state and federal relief programs. We stepped up with quick, easy-to-apply-for funding to get them through those first weeks and months.

WE FOCUSED

Programming on the Most Urgent Needs

TechTown shifted our program model to meet the immediate needs of small businesses most impacted by the pandemic, including entrepreneurs in Black and Brown communities.

WE WORKED

To Remove Barriers

We created and adapted our programs to make them even more inclusive and accessible.

WE CREATED

A Safe and Flexible Space

With the pandemic came the need to transition our community hub to a space that could safely meet the needs of the many local businesses and organizations who call TechTown home.

WE FOSTERED

Collaboration and Partnership

We helped lead a groundbreaking collaborative to coordinate support across Detroit’s small business ecosystem and helped Southeast Michigan’s nonprofits chart a new path forward — together.

WE HARNESSED

The Power of Individual Giving

Throughout the crisis, we leveraged the power of our community to maximize the impact of our work.

FINANCIALS

2020 Financial Statements

2020 (Audited) 2019 (Audited) 2018 (Audited)
REVENUE
Grants & Contributions $5,500,772 $2,179,711 $4,630,889
Rental Revenue $2,875,827 $2,498,171 $2,345,140
Other Real Estate Revenue - $1,040,259 $1,344,544
Interest $6,390 $37,698 $15,418
Miscellaneous (including coworking fees*) $197,487 $2,043,714 $992,820
   TOTAL $8,580,476 $7,799,553 $9,328,811
EXPENSES
Direct Program Services $7,597,349 $5,510,038 $3,970,595
Management & General $3,521,753 $3,999,325 $2,603,761
Fundraising $131,486 $181,903 $160,495
   TOTAL $11,250,588 $9,691,266 $6,734,851

*Coworking fees were reclassified as “rental revenue” in 2020

2020 Revenue

  • Grants & Contributions
  • Rental Revenue
  • Miscellaneous
  • Interest

2020 Expenses

  • Direct Program Services
  • Management & General
  • Fundraising

DONORS

Thank you for your support!

Bank of America

Community Foundation for Southeast Michigan

JPMorgan Chase

McGregor Fund

Michigan Economic Development Corporation

New Economy Initiative

Ralph C. Wilson, Jr. Foundation

Rocket Community Fund

Samvid Ventures

William Davidson Foundation

Accenture

Ally Financial

Bosch

Comcast Business

Peter Cummings

Detroit Vs Everybody

DTE Energy Foundation

Fred A. and Barbara M. Erb Family Foundation

Gilbert Family Foundation

Google

Henry Ford Health System

Invest Detroit

ITC Holdings

Hank Meijer

Microsoft Corporation

North End Assistance

Annie and Ned Staebler

Michael Staebler

The Children’s Foundation

United Way for Southeastern Michigan

Walters Family Foundation

Wells Fargo

Jason Aeschliman

Lizabeth Ardisana

Bank of Ann Arbor

Sarah Bendit

Blue Cross Blue Shield of Michigan

David Brewster

Charles and Kimberly Burke

Chik-fil-A

CIBC Bank USA Inc

Ethan and Gretchen Davidson

Detroit Economic Growth Corporation

Detroit Regional Chamber

Eugene and Elaine Driker

EY

Jill Ford

Goldman Sachs 10,000 Small Businesses

Grosse Pointe War Memorial

Health Alliance Plan

Honigman Miller Schwartz and Cohn LLP

Hudson-Webber Foundation

David Jaffe and Erica Peresman

Peter and Gina Katz

Angie Kelly

Kelly Kozlowski

Eric Larson

Jason Lindy

Joe Malcoun and Caitlin Klein

Danielle Manley

MGM Resorts Foundation

Plante Moran

Sonal Ramrakhiani

Renaissance Venture Capital

Christopher Rizik

Jonathan Rumley

Camilo Serna

Jim and Debby Sillery

Dug and Linh Song

Southwest Economic Solutions

Tata Technologies

TCF Bank

The Carbonari Family Foundation

The Platform

University of Michigan Law School

Carla Walker-Miller

Walker-Miller Energy Services

Wayne State University School of Medicine

Wayne State University, Government and Community Affairs

313creative

ADP

Zulfiqar Ahmed

Faris Alami

Gretchen Anderson

Michael Archer

Sarah Balmer

John Bebes

Ali Beydoun

David Boss

Katerli Bounds

Matthew Bower

Sean Bradley

Marykay Brady

Kurt Broadbridge

Elaine Buckberg

Diana Callaghan

Chris Casteel

Elizabeth Caswell

Sen. Stephanie Chang

David Chen

Newcombe Clark

Matthew Clayson

Heidi Coates

Sandra Colbert

Jonathan Colo

Kim Colon

Cook Like a Boss®️ in Detroit

Dessa Cosma

Dessa Cosma

Sarah Craft

Craig D’Agostini

Jenifer Daniels

Charity Dean

Sarah Deflon

Ann Delisi

Robert Dewaelsche

Michelle DiMercurio

Andi Donovan

Joanna Dueweke-Perez

Angella Durkin

Sue Dynarski

Barbara Eckblad

Jessica Eiland

Bill Ernzen

Wendy Ernzen

Farrow Group Inc

Denise Forrest

Ryan Friedrichs

Patti Glaza

Global Ties Detroit

Adam Goodman

Nathaniel Greenwald

David Haig

Jamie Hawkins

Neil Hawkins

Julia Hawley

Lauren Hoffman

International Strategic Management

Ryan Irvin

George Jacobsen

Nancy Jennings

Jay Johnson

Donna Kaplowitz

Kristine Kidorf

Fabian Koark

Brenna Lane

Alexander Lanoszka

Erma Leaphart

Mindy Lopus

Debra Manley

Robin Marchio

Maureen Martin

Stacey Matlen

Tonya Matthews

Amanda Mayer

Ian McCain

Jim Meissner

Hannah Merten

Bethanne L Moore

Christopher Moyer

Gary Mui

Charles Newman

Wendy Olah

Judy Overstreet

Pairaphrase

Kimberly Palter

Adel Pascaris

Tracee Perryman

Cynthia Quinkert

Anuja Rajendra

Marian Reich

Amy Rencher

Marlo Rencher

Blaine Riley

Paul Riser, Jr.

Paul Riser, Sr.

Lindsay Robillard

Matthew Roling

Rachel Rosenbaum

Sachse Construction

Donald Scheible

Terri Schroeder

Sally Schwartz

Teri Shaffer

Deborah Sillery

Vicki Sitron

Chip Smith

Detroit Soul

Gary Spondike

Anne Staebler

Olga Stella

Valencia Stoudamire

Carly Strachan

Erik Strang

Tosha Tabron

Richard Temkin

The Skillman Foundation

Christopher Thomas

Eric Thomas

Jamila Thompson

TIVA Capital Advisors

Steve Tobocman

Robin Toewe

Jamie Tomasello

Katy Trudeau

Marten Vanpelt

Carrie Vestrand

Mark Wallace

Brendan Walsh

Wayne State University College of Engineering

Wayne State University Law School

Jason Willis

Ahmed Yearwood

Robinette Yearwood

Britany Affolter-Caine

And Access, LLC

Velonda Anderson

Paul Applegate

William Asher

Dennis Atkinson

Alicia Attard

Marcy Aycock

Christa Azar

Rebecca Bahar-Cook

Bakefiniti

Kate Baker

Richelle Barge

Dawn Batts

David and Nancy Baum

Andrea Benson

Sameer Bhagwan

Veronica Bielat

Julianne Bjarnesen

Blended Collective

Gwendolyn Boesch

Erin Bonahoom

Kevin Bonds

Bobby Boone

Diane Bouis

Shakia Boyd

Sean Bradley

Mike Brennan

David Broner

John Brown

Rita Brown

Mykel Brown

Allandra Bulger

Myka Burley

Julie Burtch

William Butler

Cory Carone

Alfred Carpinelli

Paul Carr

Edward Carrington

Shannon Cason

Kim Casteel

Camille Chism

Julie Chun

Matt Chung

Rebecca Clark

Asandi Conner

Sean Cook

Chris Copacia

Catherine Craddock

Kristina Curtiss

Sarah Daligga

Doreen Dankerlui

Shelley Danner

Angelena Davis

Bonnie Dawdy

Kathleen Demetz

Laura Dendel

Kathy Derderian

Destiny Designed LLC

Detroit Messenger Company LLC

Christina Devlin

Brian Donovan

Valerie Doyle

Ben Dueweke

Luana Dueweke

Susan Dundon

Amanda Dunham

Mary Jo Durivage

Jeff Dutka

Jamie Dylenski

Kim Easter

Craig Fahle

Sara Faircloth

Marshalle Favors

Barbara Fellrath

Mabel Flowers

Camea Franklin

Stacey Frankovich

Heather Frazer

Jill Gadzinski

Adam Gainsley

Asha Garro

Mary Kay Glazek

Amy Goldmacher

Rennette Gordon

Ederique Goudia

Jennifer Goulah

Tara Grabel

Bonnie Graves

Julia Greenwald

GSD Advising

Jonathan Hague

Patricia Haller

Allison Hanna

LaVar Harris

Erin Harris

Karlos Harris

Shawn Hill

Sue Hill

Brittani Hobbs

Meegan Holland

Home Sweet Home Specialty Bakeshop

Jennifer Horne

Rosylyn Howard

Marc Howland

Ara Howrani

Kelsey Hubbel

Carmen Humes

Judy Jackman

Olivia Jackson

Medvis Jackson

Kathleen Jardine

Lamarr Johnson

Beverly Johnson

Julie Jozwiak

Helen Kaplan

Catherine Kenefick

Sarah Kennedy

Jeanna Kiehle

Leslie Kim

Bree Kneisler

Jane Knight

Mark Knox

Sindhura Kodali

Maureen Krasner

Robert Kruse

Robert and Martha Kuznia

Melissa Lauten

Lisa Lemble

Sandy Levine

Heather Levine

Mark Lezotte

Joseph Licavoli

Josh Liston

Jeri Looney

Micah Loucks

Randall Loucks

Jaclynn Louden

Mary Louis

Tanya Lundberg

Isaac Lymon

Mary Madigan

Veronica Mahone

Mature

Timothy McGahey

Maria Mendez

Jaclyn Miller

Leanna Miller

Marlyn Minus

Ardis Minus

Patricia Mischel

Rahul Mitra

Jennifer Monk-Reising

Henrique Monteiro Wadsworth

Sarah Moore

Ryan Morrison

Rishi Moudgil

Sameer M-Pathak

MyHood

Doug Nafziger

Lisa Noble-Washington

Shadyne Nunley

Molly O’Meara

Devon O’Reilly

Stephen Overstreet

DeDe Owen

Megan Owens

Erica Owens

Jennifer Paillon

Kristin Palm

Flo Pangborn

Paolo Pasquariello

Mayté Penman

George Perdue

Jeanette Pierce

Erin Pineda

Linda Plizga

Caroline Poole

Michael Psarouthakis

Christine Purcell

Kathleen Quackenbush

Corey Randolph

Joe Rashid

Becky Riess

Darren Riley

Paula Riser

Michele Riv

Charles Ross

Elana Rugh

Jennifer Ruud

Kuhu Saha

Mariyah Saifuddin

Rebecca Salminen Witt

Gabriela Santiago-Romero

Kate Scheible

Robert Schooley

Shannon Sclafani

Charlotte Sealie

Susan Shields

Kim Shine

Shari Shobe

V-Gail Simpson

Andrew Simpson

Rita Sitron

Jelena Sljivic

Shannon D. Smith

Barbara Smith

Mildred Smith-Roberts

Margaret Smoller

Todd Sobocinski

Roberta Stanley

Christine Stead

Kristin Stepanek

Glenn Stevens

Peri Stone-Palmquist

Michelle Story-Stewart

Billy Strawter

Rob Streeter

Maureen Sue

Stefan Sysko

Margaret Tallet

Joseph Tate

Gail Taylor

Michallene Thacker-Mann

Grace Thompson-Doss

Nick Tobier

Ryan Tsivitse

Lori Tucker-Sullivan

Aaron Turk

Carlotta Tutt Holloway

Jordan Twardy

Tracy Utech

Andres Valbuena

Mark VanAndel

Madeline Vandever

Carla Vecchiola

Amalie Von Briesen

Michael Wahl

Nathaniel Wallace

Joe Walsh

Melissa Wandrei

Marley Ward

Jennifer Weallans

Sonya Weaver

Scott Weinert

Sanya Weston

Sean White

Stephanie Whitfield

Tonia Williams

Brittany Williams

Erik Williams

Ashley Williams

Wendy Wilson

Debra Winfrey

JD Wireman

Brooke Wolford

Shawn Wright

Denise Zacharias

Amanda Zerafa

BOARD

Dr. M. Roy Wilson, Chair

President, Wayne State University

Jason Aeschliman

Partner, PwC

Gene Barber

System Vice President of Facilities & Support Services, Henry Ford Health System

Charles Burke

President and CEO, The War Memorial

Rebecca Cooke

Interim Vice President for Finance & Business Operations, Treasurer and Chief Financial Officer, Wayne State University

Jill Ford

Principal, Toyota AI Ventures

Robert Forsythe

Dean, Mike Ilitch School of Business, Wayne State University

Patti Glaza

Executive Vice President and Managing Director, Invest Detroit

Anika Goss

Executive Director, Detroit Future City

Lisa M. Hardy

Vice President, Business Performance & Execution, Blue Care Network

Hector Hernandez

Executive Director, Southwest Economic Solutions

Kevin Johnson

President and CEO, Detroit Economic Growth Corporation

Terri Lynn Land

Board of Governors, Wayne State University

Tonya Matthews

President and Chief Executive Officer, International African American Museum

Fredrick Molnar

Vice President of Entrepreneurship & Innovation, Michigan Economic Development Corporation

Portia Powell

Vice President, Leader of the Minority & Women Owned Business Initiative, TCF Bank

Lisa Prasad

Vice President and Chief Innovation Officer, Henry Ford Health System Innovations

Mike S. Rafferty

President and CEO, New Detroit, Inc.

Sonal Ramrakhiani

President – Sales and Chief Operating Officer – Americas, Tata Technologies

Christopher Rizik

Chief Executive Officer and Fund Manager,
Renaissance Venture Capital

Jonathan Rumley

Managing Director, Accenture

Jim Saber

President and CEO, NextEnergy

Camilo Serna

Vice President, Regulatory Affairs, DTE Energy

Shannon D. Smith

Vice President, Siebert Williams Shank

Ned Staebler

Ex Officio
President and CEO, TechTown Detroit; Vice President for Economic Development, Wayne State University

Tosha Tabron

Social Investment Officer, The Kresge Foundation

Dana Thompson

Clinical Professor of Law and
Director, Entrepreneurship Clinic, University of Michigan Law School; Board of Governors,
Wayne State University

Jamila Thompson

Partner, Consulting at EY

Jason E. Tinsley

Michigan Market Manager and Managing Director, J.P. Morgan Private Bank

Carla Walker-Miller

President and CEO, Walker-Miller Energy Services