According to the 2012 U.S. Census, the city of Detroit has nearly 62,000 businesses, many of them small businesses. That total included more than 47,000 and 38,000 minority- and women-owned businesses, respectively.
When it comes to minority-owned businesses, Detroit is the fourth-largest city in the country. However, longer-term sustainability and growth continue to be a challenge.
Part of the solution is the participation and collaboration of companies like Comcast who recently announced it will invest $3 million over the next year in its local business and social impact network to build fiber throughout the city, providing a new service with one-gigabit speeds.