Last year was a good year for entrepreneurs in the state of Michigan. If you want to start a business, qualified help is around the corner, a phone call away, and on the Internet. Michigan has been investing in entrepreneurs in multiple ways with: training programs for every stage of development; support organizations designed to connect entrepreneurs to resources; incubators providing space & technology; business plan and pitching competitions to promote entrepreneurs to the right business connections; all in addition to capital funding.
“According to the 2014 Metrics Report released by MEDC’s Office of Entrepreneurship, Innovation and Venture Capital (EIVC), 248 new tech companies were created in Michigan last year. An average of 240 new tech companies have been created each of the last three years with an average of 1,100 new tech jobs each year.”
Over the past five years, Michigan has seen an increase of venture capital firms. The state’s total is now 35 firms who recognize the increase in entrepreneurial opportunities the state offers.
The Michigan entrepreneurial climate now ranks 6th improving from 44th in comparison to other states. This is good news from our Governor, Rick Snyder in his state of the state address in January.
With all of these programs in place, 2015 is bound to be an exciting year of continuing growth.