Michigan Prioritizes Entrepreneurship
During her State of the State address
, Gov. Jennifer Granholm laid out initiatives to help entrepreneurs.
One of these initiatives involves entrepreneurship training through the expansion of the FastTrac program being offered at Detroit's TechTown. The FastTrac program, a national effort by the Kauffman Foundation in local partnership with TechTown and the New Economy Initiative for Southeast Michigan, will receive $200,000 in assistance to help expand the program's reach. The program is expected to become available to 1,000 prospective entrepreneurs through 12 small business assistance centers around the state.
Other proposals relate to improved access to capital and revamped tax credits for investors that provide seed money to budding ventures. Read the Crain’s Detroit Business
article for a discussion for all these initiatives.