Stories indexed with the term ‘Michigan economy’

A2: Venture Capital

In a guest commentary for The Bridge, Chris Rizik – CEO of Renaissance Venture Capital Fund in Ann Arbor – describes the entrepreneurial and venture funding landscape in Michigan, giving an optimistic outlook. He writes: “Of course, Michigan hasn’t completely turned the corner; it will take years to establish sustained, diversified growth. But it is important to take stock of where we are in the process, and a look at the last five years shows Michigan has come a long way. Young people are flocking to downtown Detroit, Grand Rapids and Ann Arbor. Entrepreneurship is no longer a rarity but something for which hundreds of thousands of us are striving.” [Source]

A2: Millennials

In a column published by Bridge Magazine, Natalie Burg writes about her reasons for living in Michigan – despite the belief by many that “the well-educated, career-driven, creative-class Millennial like myself is not found in the wild here in Michigan.” She continues: “Living in Ann Arbor, I’m a quick drive from four major media markets. And lucky me, I write about growth in the state with the most growth potential. As she writes in her book, ‘Lean In,’ Facebook COO Sheryl Sandberg believes in choosing employers by their growth potential. Being self-employed, the market in which I work is my employer of sorts, and there couldn’t be a better one than Michigan.” [Source]

Column: Limited Edition

Here we go again. After spending years trying to unsuccessfully prop up two stagnant automobile companies using various tactics, corrective action by the U.S. Bankruptcy Court has now sent Gov. Granholm and her economic team scurrying off on a new and different project.

Earlier this month, the politicos did a groundbreaking for the $44 million I-94/Westnedge Avenue road widening project. Vice President Joe Biden espoused the view that “we are quite literally paving the road to recovery right here in Kalamazoo.” From one lifelong Democrat to another: Say it ain’t so, Joe! $44 million won’t do it, and this project – while offering temporary construction jobs – is just another “plug the dike” tactic as Michigan searches for political leadership that will offer a sound long-term strategy for economic growth in Michigan. [Full Story]

The Power of Entrepreneurs

Phil Power talks to UM students on Friday afternoon as part of the MPowered lecture series on entrepreneurship.

Phil Power talks to UM students on Friday afternoon as part of the MPowered lecture series on entrepreneurship.

Here’s what Phil Power believes: “There is nothing in life that is more challenging or more of an art form than being an entrepreneur.”

The former UM regent and newspaper publisher was talking to a group of University of Michigan students on Friday afternoon, giving them some insights on his own experiences founding Hometown Communications Network as well as his newest venture in social entrepreneurism, the Ann Arbor-based Center for Michigan. His talk was part of a series hosted by MPowered, a student entrepreneur group.

Power said he’d read Friday’s Detroit News article reporting that more than half of UM’s graduates leave the state after graduation. People have told him there’s nothing here for them in Michigan, he said, “which I think is a load of bull.” [Full Story]