The Next Idea
July automotive sales were up only 0.7%, bringing back memories of when Detroit’s Big Three struggled to stay afloat not too long ago. Both serve as a reminder of what keeps the state’s economy alive: diversification of industry.
In 2005, former Gov. Jennifer Granholm allocated $1 billion for the 21st Century Jobs Fund to support Michigan’s startup economy, an effort to bring diversity to the state’s economy.
Image: Investors are "cautiously optimistic" about Michigan startups, and Schmid said that means some are interested in supporting Michigan-developed technologies. FLICKR USER CHRISTIAAN_008/FLICKR / HTTP://J.MP/1SPGCL0
