Jennifer L. Foster / 586-212-3122
Joseph Howse / 248-431-6716
FOR IMMEDIATE RELEASE
May 25, 2021
TECHTOWN DETROIT RECEIVES GOLD AS WINNER IN THE
19TH ANNUAL AMERICAN BUSINESS AWARDS®
TechTown honored with Gold Stevie® for work empowering Detroit-based startups
DETROIT – TechTown Detroit has won the prestigious American Business Awards® Gold Stevie Award®Organization of the Year – Non-Profit / Government for its work empowering Detroit-based startups and local businesses by providing the resources, collaborative workspace and education that helps them grow and thrive, accelerating inclusive economic development across the city.
“I am humbly honored to receive the Gold American Business Award for the important work our TechTown team does in the community,” said Ned Staebler, president and CEO of TechTown Detroit. “Not only did we launch Detroit’s first small business COVID-19 emergency relief fund and deepen programming specifically designed to build a more inclusive ecosystem, but we also implemented important internal changes for our staff’s health and mental well-being during the pandemic.”
From 2019 through 2020, TechTown served 2,205 businesses, generated more than $27.2 million in startup and growth capital, and supported 2,364 total jobs/employees through the Stabilization Funds. The organization also opened Co.act Detroit, a hub for collaborative action in Southeast Michigan’s nonprofit community, and launched Start Studio to answer Detroit’s unmet demand for idea-stage tech business assistance. TechTown doubled down on its ongoing efforts to create a more equitable Detroit and more diverse and inclusive work environment.
The Stevie® Awards have been hailed as the world’s premier business awards program. TechTown Detroit faced stiff competition from a record-breaking number of nominations in 2021. More than 3,800 entrants in multiple categories were judged by a panel of 250 professionals who selected this year’s Stevie Award winners.
“The American economy continues to show its resilience and, as we’re poised for the beginning of what should be a phenomenal period of growth, we celebrate the remarkable achievements of a wide range of organizations and people over the past 18 months,” said Stevie Awards president Maggie Gallagher. “This year’s Stevie-winning nominations in the American Business Awards are testament to the ingenuity, the commitment, the passion, the adaptability and the creativity of the American people. We look forward to celebrating this year’s winners during our virtual ceremony June 30.”
TechTown Wins Gold Award
Nicknamed the Stevies for the Greek word meaning “crowned,” the 19th Annual American Business Awards®will be virtually presented to winners during a live event Wednesday, June 30. Details about The American Business Awards and the list of 2021 Stevie winners are available at www.StevieAwards.com/ABA.
About TechTown Detroit
TechTown empowers Detroit-based startups and local businesses to start, stabilize and scale by providing resources, collaborative workspace and education for entrepreneurs that will further accelerate inclusive economic development across Detroit. Since 2007, TechTown has supported more than 4,500 companies, which created 1,600 jobs and raised more than $172 million in startup and growth capital. For more information, visit techtowndetroit.org.
About the Stevie Awards
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. The Stevies also produce the annual Women|Future Conference. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at stevieawards.com.