Detroit is a city that government and big business abandoned. Detroit was the engine of the American Dream.
The world watched as Detroit became the “silicon valley” of intense change that pushed the horse and buggies to the pages of historic nostalgia. The innovation of the automobile made Detroit the center of innovation and symbol of a generation on the move. The transformation of Detroit from a small Midwestern City to an energetic city of 1.5 million citizens was breathtaking. The drive of the motor led to the emergence of a unique part of American entertainment, Motown. Detroit seemed indestructible.
But as can be seen today with big Tech, staying in place and glorifying yesterday’s success is a death knell for an industry and a city. As foreign manufacturers built better and cheaper motor vehicles with innovation, currency leverages and imbalance labor laws, Detroit main source of economic growth started to stumble. Big Tech should study the history of the fall of Detroit when assumed market dominance is challenged. Detroit stood stunned and retreated into attacking detractors and competitors. The devastating result of such a policy, rooted in failure to fight for innovation and investing in entrepreneurialism of workers and community development, can be examined from the Detroit Timeline.
The obvious take away from the fall of Detroit is that local and federal governments failed in rectifying the failings of the US Auto industry.
However, the hard-working people of Detroit took matters in their own hands and turned to Entrepreneurship as the Turnaround Plan.
MGSN has been documenting the innovative and revitalization that Entrepreneurs and Digital Nomads are bringing to the New Detroit:
EVENING BUSINESS NEWS— MGSN (@MGSNHQ) March 3, 2022
Corktown is an energetic section of Detroit. The section attracts the youthful Innovators that want to leverage the talent Detroit and Ann Arbor's universities provide and a emerging Startup ecostem. One non-tech Startup out of Corktown is Floyd Furniture.
DEAL CLOSED— MGSN (@MGSNHQ) June 18, 2022
"The Detroit Center for Innovation (DCI) will be a world-class research, education and entrepreneurship center. A collaboration between the University of Michigan (U-M), Related Companies and Olympia Development to advance innovation",https://t.co/O20bKLQVdJ
EVENING BUSINESS NEWS— MGSN (@MGSNHQ) April 26, 2022
PUNE TO DETROIT
The reboot of Detroit is bearing fruit. Pune India based engineering firm TaTa jumped into Detroits Startup Ecosystem.Pune is enriched with youthful engineers and Startups. Carbon reducing tech is developing & Detroit is driving it to autos. pic.twitter.com/kqle2Rvzoq
MGSN Legal— MGSN (@MGSNHQ) May 24, 2022
GLOBAL DETROIT IS BUILDING DETROIT'S STARTUP ECOSYSTEM.
Global Detroit is a Social Impact & Economic Development Organization, building Startups and Entrepreneurs within immigrant communities, who founded 51% of US startups valued at $1 billion or more.
Detroit is in the midst of a expanding Growth with new and exciting business opportunities. Adding to the value that young entrepreneurs bring to the Turnaround are the NGO and NFPs that are rebuilding Detroit one block at a time.
Mack Avenue Community Church is a driving force behind creating new community-based businesses and jobs. The Community Church has developed a needed laundry services and jobs from the startup model. The laundry startup provides services and jobs that the community needs. The innovative Concept Generation built a complimentary startup business, which appears to be disparate but underscores the value of community based Not-For-Profits (NFP’s), in providing entrepreneurial solutions to growth. The Mack Avenue Community Church built out an entrepreneurial coffee cafe and community meeting space. The affordable menu adds to the value offering to community development.
As development policies get caught up in the red vs. blue clutter, the next generation can make a direct impact and bypass irrelevant inefficiency with just 6 letters.