Open space, low rents, talented workers and a spirit of entrepreneurship — your average venture capitalist might not immediately think of the Motor City. But a new guide from Inc. Magazine calls the Detroit landscape an "untapped territory for starting business on the cheap."
The article features local entrepreneurs Austin Black II and James Canning, and incubators Bizdom U and Tech Town. All in all, it's a must-read for any would-be Detroit business person.
Excerpt:
"The entrepreneurial spirit that exists in this region has been here forever," says David Egner, director of the New Economy Initiative for Southeast Michigan. What organizations like his have done is shine a light back on would-be entrepreneurs and provide them the resources to start strong.
While returns remain modest, small ripples of new businesses have begun to pop up around the city's tri-county area. Ranging from high-tech battery-makers to downtown storefronts, these new businesses hope to grow into the impending wave of prosperity down the road."
Read more
here.
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