How to Get Involved in Shaping the  Future of Michigan Business
Tammy J. Carnrike COO, Detroit Regional Chamber
Nolan Finley Editorial Page Editor, The Detroit News
Susan Mosey President, University Cultural Center
 
 
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
Michael Finney President and CEO, Ann Arbor SPARK
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.
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
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
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
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
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
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
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
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
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
Questions:  [email_address] Twitter: @MichaelAFinney www.AnnArborUSA.org
Florine Mark President and Chair, The WW Group, Inc. / Weight Watchers
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
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

How to Get Involved in Shaping the Future of Michigan Business - Business InSight

  • 1.
    How to GetInvolved in Shaping the Future of Michigan Business
  • 2.
    Tammy J. CarnrikeCOO, Detroit Regional Chamber
  • 3.
    Nolan Finley EditorialPage Editor, The Detroit News
  • 4.
    Susan Mosey President,University Cultural Center
  • 5.
  • 6.
  • 7.
    HOME to theCULTURAL CENTER
  • 8.
  • 9.
    MIDTOWN – Hometo Major Educational Institutions
  • 10.
    MIDTOWN – Hometo the Medical Center John D. Dingell VA Medical Center
  • 11.
    MIDTOWN – Hometo 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
  • 12.
    Midtown is theDestination 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
  • 13.
    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
  • 14.
    Total Investment inMidtown: Institutional Residential Commercial Green Space $1.8 billion
  • 15.
    MIDTOWN INVESTMENT Constructed& Planned Projects 2000-2009 Phase 1 – Orchestra Place
  • 16.
  • 17.
    Midtown Loop GreenwayDetroit Science Center VA Hospital
  • 18.
  • 19.
  • 20.
  • 21.
    Noel Night
  • 22.
    Midsummer Nights inMidtown Slavic Soul Party Project Bandaloop Malcolm-Jamal Warner Detroit Symphony Orchestra
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
    MIDTOWN – SmallBusinesses Good Girls Go To Paris Crepes UM Art Gallery Leopold’s Bookstore Bureau of Urban Living Sole Sisters Botique
  • 28.
    Phillip Power Founderand President, The Center for Michigan
  • 29.
    Michael Finney Presidentand CEO, Ann Arbor SPARK
  • 30.
    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.
  • 31.
    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
  • 32.
    Ann Arbor AngelsAnn 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
  • 33.
    Entrepreneurial Best Practices10. 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
  • 34.
    Entrepreneurial Best Practices5. 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
  • 35.
    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
  • 36.
    Organization Ann ArborIT Zone Entrepreneurial Education Create a common vision among economic development organizations Ann Arbor SPARK Washtenaw Development Council Business Accelerator Services Retention and Expansion
  • 37.
    Organization Ann ArborSPARK 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
  • 38.
    Targeted Industry SectorsAdvanced 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
  • 39.
    Open Source EconomicDevelopment 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.
  • 40.
    Washtenaw County ROI2006 – 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
  • 41.
    Questions: [email_address]Twitter: @MichaelAFinney www.AnnArborUSA.org
  • 42.
    Florine Mark Presidentand Chair, The WW Group, Inc. / Weight Watchers
  • 43.
    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
  • 44.
    Coming up nextat 2:35 p.m. AT&T Speed Networking and connect with some of the region’s brightest businesses in the exhibit hall

Editor's Notes

  • #39 Life Sciences BioTech Software Devices Alternative Energy Fuel Cells Hydrogen Reformation