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Thursday, 30 August 2012

Thursday, August 30, 2012
For the second time, Detroiters have a chance to help open a new business in Detroit, and all it takes is a vote.

The Comerica Hatch Detroit contest, founded last year by Nick Gorga and Ted Balowski, will provide $50,000 and support services to one of the 10 semifinalists announced Thursday, relying on public online voting to whittle down the business ideas. The eclectic group, chosen from more than 250 proposals, will be narrowed down to four finalists.

Some contestants are looking to establish a second outpost of a popular shop; others are first-timers but make up for it with a sound business plan.

"The premium we place is on how well you think out your idea," Gorga said.

"Our money comes from Comerica, and the voting comes from the public," he added. "We feel we're entrusted with a responsibility of managing this money … so we want to pick the [plan] we think has the best chance of succeeding."
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