It has long been estimated that small businesses employ half of the private workforce, and generate about 70 percent of the country’s new jobs each year. For many years in Michigan, entrepreneurship efforts became somewhat static as the entrepreneurs of the 1940’s, 50’s, 60’s and 70’s experienced significant growth and success due to the success of the automotive industry in the State. Those companies became the large firms that have become quite well-known throughout Michigan, and provided many of the high-paying jobs that Michiganders enjoyed for many years.
However, in the last 10 years, as Michigan’s automotive industry has suffered, and manufacturing in the State experienced history-making downsizing, the people and politicians in Michigan began looking for alternatives to create sustainable jobs, and the focus once again turned to entrepreneurship.
Michigan’s Entrepreneurship efforts have increased steadily in recent years due in no small part to Federally-funded programs aimed at generating entrepreneurial efforts in the State. Substantial progress has been made, and continues to be made due to the efforts of organizations such as the Michigan Economic Development Corporation, Ann Arbor Spark, Automation Alley, TechTown and many, many more.
This focus on entrepreneurship has led to an abundance of educational programs and conferences designed to provide information, resources, access to investors and much more for start-up and second-stage entrepreneurs. Some events taking place in the next few weeks include:
- Igniting Innovation in Michigan, September 29th, Ford Conference and Event Center
- TiECon Midwest 2010, October 28th – 29th, The Henry Ford
- Southwest Detroit Hispanic Business Conference, September 29th, Mexicantown Mercado
If you haven’t considered entrepreneurship, now might be the time to start. If you have considered it, but decided against it, now might be the time to take a second look. And if you went for it, but can use a helping hand, make certain to register for at least one of these events.