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Social Sushi Develops Crowdfunding Campaign

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Forthcoming Corktown shipping container restaurant Social Sushi gets some extra help from an unlikely place this week. Four MBAxAmerica members from Stanford University are helping finalize the community-conscious startup's business model. Founder Jay Rayford Jr. says his company is interested in offering sustainable seafood, locally sourced ingredients, and fair wages. The Stanford team is visiting Detroit to help the restaurant determine supply costs and prices for an investment package.

Construction on Social Sushi's permanent location has been delayed in recent months due to city zoning issues in the Roosevelt Park area. However, Rayford hopes rezoning will be completed by November, allowing his company to move forward on a crowdfunding campaign. Investors in the company will have the opportunity to back the startup in exchange for a 150 percent return on investment. Social Sushi is engaging in the crowdfunding strategy thanks to the Michigan Invests Locally Exemption, which was recently approved by Governor Snyder.

If all goes well, visitors to the Southwest neighborhood will be enjoying sushi in the shadow of the Michigan Central Depot sometime next spring.
—Brenna Houck
Social Sushi [Official Website]
Social Sushi [Official Page]
Social Sushi Settles Down in Roosevelt Park [-EDET-]

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