How to Get Involved in Shaping the Future of Michigan Business

How to Get Involved in Shaping the Future of Michigan Business

Tammy J. Carnrike COO, Detroit Regional Chamber

Tammy J. Carnrike

Nolan Finley Editorial Page Editor, The Detroit News

Nolan Finley

Susan Mosey President, University Cultural Center

Susan Mosey

HOME to the CULTURAL CENTER

THE CULTURAL CENTER

MIDTOWN – Home to Major Educational Institutions

MIDTOWN – Home to the Medical Center John D. Dingell VA Medical Center

MIDTOWN – Home to Long-Standing Establishments 1 Dog Daycare Facility 2 Radio Stations 3 Historic B&Bs 4 Places to Buy Groceries (& 2 on the way!) 7 Banks 10 Theatres 14 Galleries 18 Churches 36 Nonprofit Organizations 46 Places to Eat 141 Reasons to Live in Detroit

Midtown is the Destination of Over: 2,500,000 Annual Visitors 1,500,000 DMC Patients / Year 35,000 College Students 30,000 Employees 17,000 Residents 4,000 Volunteers

MIDTOWN INVESTMENT Constructed & Planned Projects 2000-2010 Total Investment: $1.8 billion $40.7 million Public Improvement Investments: $42.6 million Commercial & Arts Related Investment: $98.2 million 1,661 beds WSU Residential Investment: $435.6 million 2,464 units Residential Investment: $293.4 million Medical Facilities Investment: $276.7 million Education Facilities Investment: $643.5 million Institutional Campus Investment

Total Investment in Midtown: Institutional Residential Commercial Green Space $1.8 billion

MIDTOWN INVESTMENT Constructed & Planned Projects 2000-2009 Phase 1 – Orchestra Place

Midtown Loop Greenway

Midtown Loop Greenway Detroit Science Center VA Hospital

Sugar Hill Arts District

Sugar Hill Arts District

Sugar Hill Arts District

Noel Night

Midsummer Nights in Midtown Slavic Soul Party Project Bandaloop Malcolm-Jamal Warner Detroit Symphony Orchestra

North Cass Community Garden

Willys Overland Lofts

Studio One

Woodward Garden Theatre Block

MIDTOWN – Small Businesses Good Girls Go To Paris Crepes UM Art Gallery Leopold’s Bookstore Bureau of Urban Living Sole Sisters Botique

Phillip Power Founder and President, The Center for Michigan

Phillip Power

Michael Finney President and CEO, Ann Arbor SPARK

Michael Finney

Mission Statement “ SPARK” will be the driving force in establishing the Ann Arbor Region as a desired place for business expansion and location ...by identifying and meeting the needs of business at every stage, from those that are established to those working to successfully commercialize innovations.

“ SPARK” will be the driving force in establishing the Ann Arbor Region as a desired place for business expansion and location ...by identifying and meeting the needs of business at every stage, from those that are established to those working to successfully commercialize innovations.

Guiding Principles High-value, knowledge-intensive, diverse workers Innovation in products, services, and delivery Ann Arbor USA (brand entire region) “ Open Source Economic Development” Statewide Collaboration/Partnerships Proactive versus reactive

High-value, knowledge-intensive, diverse workers

Innovation in products, services, and delivery

Ann Arbor USA (brand entire region)

“ Open Source Economic Development”

Statewide Collaboration/Partnerships

Proactive versus reactive

Ann Arbor Angels Ann Arbor Area CVB Ann Arbor Board of Realtors Ann Arbor Business Review Ann Arbor Chamber Ann Arbor Community Foundation Ann Arbor News Ann Arbor-Ypsilanti, LDFA County and Local Units of Government Detroit Regional Economic Partnership Detroit Regional Chamber Detroit Renaissance Enterprise Group of Jackson Genesee County/Flint Regional Partnership Home Builders Association of Washtenaw County MichBio Michigan Department of Labor and Economic Growth Regional Partners Michigan State Housing Development Authority Michigan Economic Development Corporation Michigan Manufacturing Technology Center Michigan SmartZones Michigan Venture Capital Association Michigan Works!/ETCS Small Business & Technology Development Centers Southwest Michigan First University of Michigan Washtenaw Community College, Eastern Michigan University Washtenaw County United Way Wayne County Economic Development Ypsilanti Chamber Ypsilanti CVB Ypsilanti Gateway, CEDC

Ann Arbor Angels

Ann Arbor Area CVB

Ann Arbor Board of Realtors

Ann Arbor Business Review

Ann Arbor Chamber

Ann Arbor Community Foundation

Ann Arbor News

Ann Arbor-Ypsilanti, LDFA

County and Local Units of Government

Detroit Regional Economic Partnership

Detroit Regional Chamber

Detroit Renaissance

Enterprise Group of Jackson

Genesee County/Flint Regional Partnership

Home Builders Association of Washtenaw County

MichBio

Michigan Department of Labor and Economic Growth

Michigan State Housing Development Authority

Michigan Economic Development Corporation

Michigan Manufacturing Technology Center

Michigan SmartZones

Michigan Venture Capital Association

Michigan Works!/ETCS

Small Business & Technology Development Centers

Southwest Michigan First

University of Michigan

Washtenaw Community College, Eastern Michigan University

Washtenaw County United Way

Wayne County Economic Development

Ypsilanti Chamber

Ypsilanti CVB

Ypsilanti Gateway, CEDC

Entrepreneurial Best Practices 10. Create a common vision among economic development organizations 9. Establish specific goals and timing for the community’s support to emerging business 8. Gain the support of local and state government to enact laws and modify policies which will be more friendly to start-ups 7. Communication – Create an effective branding message to develop a consistent understanding of the region’s value-proposition 6. Facilitate increased connectedness of larger corporations to startups

10. Create a common vision among economic development organizations

9. Establish specific goals and timing for the community’s support to emerging business

8. Gain the support of local and state government to enact laws and modify policies which will be more friendly to start-ups

7. Communication – Create an effective branding message to develop a consistent understanding of the region’s value-proposition

6. Facilitate increased connectedness of larger corporations to startups

Entrepreneurial Best Practices 5. Facilitate increased connectedness between universities and startups 4 . Focus on a finite set of emerging technologies, or industry sectors 3. Encourage a more entrepreneurial, risk-taking culture in the region by celebrating venture successes 2. Link entrepreneurs with early and effective mentoring and coaching 1. Provide adequate seed funding and subsequent growth capital

5. Facilitate increased connectedness between universities and startups

4 . Focus on a finite set of emerging technologies, or industry sectors

3. Encourage a more entrepreneurial, risk-taking culture in the region by celebrating venture successes

2. Link entrepreneurs with early and effective mentoring and coaching

1. Provide adequate seed funding and subsequent growth capital

Who Does What? Create a common vision among economic development organizations University of Michigan Eastern Michigan University Offerings SPARK GLEQ SBTDC MICH Bio Zell/Lurie Ctr. for Entre. BEC OTT Ctr. for Entre. MRI MEDC ETCS AACVB AACC DREP Auto Alley Det Ren A2Angels BBC MVCA NEF SCORE Grants X X X X X Loans X X X Equity X X X X X X BA Consulting X X X X X X X X X Incentive Assistance X X X X X Talent Recruitment X X X X X X Networking X X X X X X X X X X X X X Membership Services X X X X X X Advocacy X X X X X X X Site Search X X X X Permitting X X X Training/Education X X X X X X X X X X X Mentoring X X X X X X X X X X X X X Marketing X X X X X X X X Tourism X X Research X X X X X X X X X X Incubator Services X X Micro loans IP Licensing Assistance X X Business Critical Introductions X X International Business Attraction X X X X

Create a common vision among economic development organizations

Organization Ann Arbor IT Zone Entrepreneurial Education Create a common vision among economic development organizations Ann Arbor SPARK Washtenaw Development Council Business Accelerator Services Retention and Expansion

Create a common vision among economic development organizations

Organization Ann Arbor SPARK Existing Business Innovation (Startups) Business Retention and Expansion Attraction Business Acceleration Michigan Innovation Equipment Depot Michigan Pre-seed Fund Marketing & PR Events Talent Enhancement Research & Business Info. Incentive Preparation MLSIC Wet Lab Incubator SPARK Central Incubator SPARK East Incubator Micro Loan Funds

Marketing & PR

Events

Talent Enhancement

Research & Business Info.

Incentive Preparation

Targeted Industry Sectors Advanced Automotive Manufacturing and Materials Aerospace Engineering and Manufacturing Cleantech Homeland Security and Defense IT / Software Life Sciences Optics / Measurement Printing and Publishing Focus on a finite set of emerging technologies or industry sectors

Advanced Automotive Manufacturing and Materials

Aerospace Engineering and Manufacturing

Cleantech

Homeland Security and Defense

IT / Software

Life Sciences

Optics / Measurement

Printing and Publishing

Focus on a finite set of emerging technologies or industry sectors

Open Source Economic Development Economic development in Michigan should take a page from the playbook of the ever-evolving software industry. Its “open source” philosophy -- the source code that drives development should be open and available to all-- is a model that can propel Michigan’s success in growing, retaining, and attracting business.

Open Source Economic Development

Economic development in Michigan should take a page from the playbook of the ever-evolving software industry. Its “open source” philosophy -- the source code that drives development should be open and available to all-- is a model that can propel Michigan’s success in growing, retaining, and attracting business.

Washtenaw County ROI 2006 – 2008 Results 101 project successes - $925 million new investment commitments 7,054 new jobs and 5,740 jobs retained 155 Innovation start-ups through SPARK Business Accelerator Leveraged community investments to $32.5 million -- through acquisition of Federal and State of Michigan funding and equipment donation to Michigan Innovation Equipment Depot Assisted 350 regional companies with employee searches Assisted 3000+ job seekers with employment searches

2006 – 2008 Results

101 project successes - $925 million new investment commitments

7,054 new jobs and 5,740 jobs retained

155 Innovation start-ups through SPARK Business Accelerator

Leveraged community investments to $32.5 million -- through acquisition of Federal and State of Michigan funding and equipment donation to Michigan Innovation Equipment Depot

Assisted 350 regional companies with employee searches

Assisted 3000+ job seekers with employment searches

Questions: [email_address] Twitter: @MichaelAFinney www.AnnArborUSA.org

Florine Mark President and Chair, The WW Group, Inc. / Weight Watchers

Florine Mark

Nolan Finley - moderator Susan Mosey President, University Cultural Center Florine Mark President and Chair, The WW Group, Inc. / Weight Watchers Michael Finney President and CEO, Ann Arbor SPARK Philip Power Founder and President, The Center for Michigan Editorial Page Editor, The Detroit News

Nolan Finley - moderator

Coming up next at 2:35 p.m. AT&T Speed Networking and connect with some of the region’s brightest businesses in the exhibit hall

Coming up next at 2:35 p.m.