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Financials : Banks | Mid Cap Blend
Company profile

Comerica Incorporated is a financial holding company. Its Commercial Bank segment serves small and middle market businesses, multinational corporations and governmental entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services. Retail Bank segment includes a range of personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The segment also offers a subset of commercial products and services to micro-businesses. Wealth Management segment offers products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. Finance segment includes the securities portfolio and asset and liability management activities.


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2022 Comerica Hatch Detroit Contest Reveals Top 10 Semifinalists

7:02 pm ET June 16, 2022 (PR Newswire) Print

Online and in-person public voting begins as metro Detroit small businesses go head-to-head for $100,000 grand prize from Comerica Bank

The wait is over! The Comerica Hatch Detroit Contest powered by TechTown, which has launched some of Detroit's most popular neighborhood storefronts, has officially named its top 10 semifinalists. These businesses have the opportunity to make their dream of owning a brick-and-mortar Detroit, Hamtramck or Highland Park storefront a reality by winning $100,000 in startup funds from Comerica Bank, as well as a package of accounting, legal, IT and public relations support from Hatch Detroit and its partners.

With the semifinalists officially named, it's now time for the public to share their voice and vote for which business they would like to see pop up in their neighborhood. The public can vote once per day for their favorite business from June 17 at 12:00 a.m. until June 23 at 11:59 p.m. by visiting

The four finalists of the 2022 Comerica Hatch Detroit Contest will be announced Friday, June 24, and the final round of public voting will follow before wrapping up on Thursday, June 30.

In addition to voting online, individuals may also cast their vote in person at any of the following locations:

-- Tuesday June 21: Eastern Market Shed #2 (2518 Market St in Detroit) from 11 a.m. to 1 p.m.

-- Wednesday, June 22: Norma G's (14628 E. Jefferson Avenue in Detroit) from 5:30 p.m. to 7:30 p.m.

-- Thursday, June 23: Grandmont Rosedale Farmers Market (19566 M-5 in Detroit) from 4:30 p.m. to 6:30 p.m.

"One of the reasons this contest has been so successful is because of the level of support the business owners receive from their neighbors and how community driven it is," said Vittoria Katanski, executive director of Hatch Detroit. "Every vote they receive is someone saying, 'I want you in my neighborhood and will support you,' which is incredibly powerful. They not only get the public support from day one, they also have access to the technical assistance expertise of Hatch Detroit and the support of our partners at Comerica Bank and TechTown."

Together, Hatch Detroit alumni have opened 49 businesses, employ more than 500 people and have invested more than $7 million in their businesses. Over the years, the Comerica Hatch Detroit Contest has helped launch some of Detroit's most successful and well-known businesses, including, La Feria (2012), Sister Pie (2014), Live Cycle Delight (2015),Meta Physica Massage (2016), Baobab Fare (2017) and 27th Letter Books (2019).

Below are the top 10 businesses competing to win the 2022 Comerica Hatch Detroit Contest:

-- COLFETARIE: a European dessert and pastry shop, specializing in Romanian desserts and pastries. Their goal is to bring together the cultures of Detroit and Romania, while offering a taste of Europe, right in the heart of Downtown Detroit, no passport needed!

-- Craig's Coffee: a community coffee roastery and coffee bar that plans to roast and sell their own coffee, while also offering fellow roasters a place to roast and sell their own products. Additionally, the space will serve as a commissary kitchen, where food and drink businesses can use the kitchen for food prep, storage and service.

-- Detroit Farm and Cider: a 4.9 acre commercial farm on Detroit's West side with plans to build a cider mill and offer youth day camps and horseback riding classes.

-- Gajiza Dumplins: a dumpling shop that specializes in Asian style eats and handmade dumplings from scratch. The dumplings come in more than 30 flavors and range from traditional pork and shrimp Shumai to contemporary western style, including miso cheeseburger gyoza or goat cheese and leek. Their focus is based on Asian street food: fast and delicious.

-- Jo's Gallery Cafe: a pan-ethnic fusion restaurant located in Detroit on the famous Livernois Avenue of Fashion and adjacent to Jo's Gallery, a 20-year-old art gallery in the second generation of ownership. The restaurant will serve food with identifiable African origins and influences of Asian, South American, Caribbean, Mediterranean, and American fusions.

-- K. Walker Collective: a high-street, lifestyle clothing company seeking to fulfill the fashion needs of young urban professionals by offering an eclectic range of street, comfort and refined garments.

-- Lily's & Elise: a luxury tea lounge on the Avenue of Fashion whose primary focus is in the premium service of European-style afternoon and high tea with fresh pastries and small plates to accompany orders.

-- Little Liberia: an Afro fusion pop-up restaurant looking to find a permanent space to introduce Liberia's rich multicultural cuisines to the people of Metro Detroit. They serve authentic Liberian dishes, a cuisine whose heritage is a mixture of African, Caribbean, and Antebellum-South African American influences.

-- Motor City House of Stone: a distributor of natural and engineered stone slabs in Southeast Michigan. Focused on providing character, stability, and grandeur back to the Detroit community, they carry a wide selection of Granite, Marble, Quartz, and other premium stone in their 10,000 square foot warehouse located in Detroit.

-- Pong Detroit: a table tennis social club where players of all skill levels and abilities can come together to get some exercise and play a fun, safe Olympic sport. In addition to providing a space for competitive ping pong matches, Pong Detroit engages Detroit youth programs, provides accessible play for adaptive wheelchair table tennis and offers programs for seniors.

"Comerica Bank values the cultivation and support of our community's small businesses - we are proud to contribute to a passionate organization that uplifts and rewards driven entrepreneurs with big ideas and incubates economic development," said Linda Nosegbe, Comerica Bank Vice President and Southeast External Affairs Market Manager. "The Comerica Hatch Detroit Contest incentivizes innovation, creative thinking and originality that ultimately contributes towards Detroit's revitalization. We now look forward to this next big step where we see the excitement, reaction and support from our residents for the business concepts who have made it to this stage in the contest."

On July 21, the four finalists will have their opportunity to present their business pitch to a panel of judges, as well as a live audience, for a shot to win the grand prize at The Hatch Off competition. The winner of the 2022 Comerica Hatch Detroit Contest will be chosen through a combination of the public's vote and judges' deliberations.

Tickets are now available to witness the top four business pitches and see the winner of the Hatch Off competition crowned. The Hatch Off takes place on July 21 at 7 p.m., with doors opening at 6p.m., located at the Wayne State University Industry Innovation Center at 461 Burroughs Street in Detroit. To purchase your ticket to the Hatch Off, visit

About Hatch Detroit

Hatch Detroit supports both existing and new retail initiatives in the cities of Detroit, Highland Park and Hamtramck. Hatch Detroit was founded in 2011 to give residents and aspiring entrepreneurs an opportunity to have a voice in neighborhood retail development and joined TechTown Detroit's suite of entrepreneurial programs and services in 2022. Beyond the contest, Hatch Detroit provides funding, exposure and mentoring in support of its alumni entrepreneurs. With support from Hatch Detroit, 49 alumni have opened businesses. They employ over 500 people and have invested over $7 million in economic development. To learn more, visit

About Comerica Bank

Comerica Bank, a subsidiary of Comerica Incorporated, has served Michigan longer than any other bank with a continuous presence dating back over 172 years to its Detroit founding in 1849. It is the largest bank employer in metro Detroit and over 4,500 employees (FTE) statewide. With one of the largest banking center networks in Michigan, Comerica nurtures lifelong relationships with unwavering integrity and financial prudence. Comerica positively impacts the lives of Michigan residents by helping customers be successful, providing financial support that assists hundreds of charitable organizations, and actively participating in Detroit's downtown revitalization. Comerica Incorporated (NYSE: CMA) is a financial services company strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Follow on, Twitter:@ComericaBankand Instagram:@comerica_bank.

About TechTown Detroit

TechTown is a nonprofit business service organization that provides programs, education and resources for early- to growth-stage small businesses and tech entrepreneurs. By building bridges for entrepreneurs to succeed, TechTown is accelerating an inclusive economy for Detroit and Southeast Michigan. Since 2007, TechTown has supported more than 4,700 companies, which has created thousands of jobs and raised more than $172.5 million in startup and growth capital. For more information, visit

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SOURCE Comerica Bank

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