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Kauffman Study Reveals an Entrepreneurial Support Powerhouse in Southeast Michigan
According to a study led by the Kauffman Foundation, the Business Accelerator Network for Southeast Michigan – the group of the region’s four key business accelerators – Ann Arbor SPARK, Automation Alley, Macomb-OU INCubator and TechTown have created more than 1,000 jobs and invested approximately $18 million in hundreds of start-up companies while securing more than $101.2 million in additional capital, a 6-to-1 investment ratio. This regional evaluation of assets lays out the powerful existing capabilities of these business accelerators and substantiates that the network provides the support needed to create a robust entrepreneurial ecosystem.
The study concludes that Michigan already has in place many programs and initiatives that have been designed for entrepreneurs.
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