City of Detroit Agenda Planning and Economic Development Standing Committee 2026-06-18
Annual Operating Agreement with Economic Development Corporation Planned
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Description
The City proposes Contract 6007958 with the Economic Development Corporation for $3,881,000 to fund EDC’s annual operations and several supplemental business support programs from July 1, 2026 through June 30, 2027. Programs include emergency funds, startup support, retail attraction, and food access initiatives.
Contract Details
Contract Amount
$3,881,000.00
Vendor
ECONOMIC DEVELOPMENT CORPORATION
Agency
City of Detroit, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 18, 2026
Contract Term
July 1, 2026 through June 30, 2027
Renewal Date
2027-06-30
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