March 04, 2008

The Blue Water Angels: MidMichigan's Latest Entrepreneurial Support Mechanism

In January of 2008  the Blue Water Angels formed to invest in startup companies in and around the MidMichigan region. Composed of high wealth, expereinced entrepreneurs and corporate executives, their primary objective is a return on their investments. However, the angels offer other benefits to the companies they invest in, inluding coaching, entrepreneurial support, connections to the MidMichigan Innovation Center, and other benefits.  See the recent press release.

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August 15, 2007

Michigan Freakonomics

This is a great article that was posted in May on the site www.metromodemedia.com. It is an interview with Steven Levitt, the author of the fantastic book Freakonomics.

Steven chimes in with his thoughts about Michigan and  our need for change.  Click HERE to review the article.  If you are at all interested in Michigan’s one state recession, you will find this article stimulating!

Mississippi: Michigan of the South

On a recent visit to Mississippi, I was struck by the state’s similarities with Michigan. Of particular interest is Mississippi’s focus on the auto industry.

Granted, there are many differences. The weather is typically much warmer, (but it ws the same temperature as in Michigan, about 93 degrees).  The food is different (I ate all my vegtables because they were fried), and the accent is different.

Beyond that, the two states are very similar. In fact, when driving on Interstate 55 headed for Jackson, you’d swear you were headed for the Mackinac Bridge because of the trees, especially the Souther Pines (Michigan’s State Tree).

Another similarity is the auto industry.  Mississippi is home to a new $1 billion Toyota manufacturing plant.  The reasons given by Toyota for locating the plant in Mississippi were many (economic incentives and the like, the same things all the other competing states offered, including Michigan). The two resons that stood out most prominately were the states technical manufacturing labor pool (left over from the furniture industry) and the “constant engagement” the state’s leadership provided to Toyota during the selection process.

Michigan had hoped to land this deal.  But, while we have the skilled work force (probably the best in the nation when it comes to manufacturing, especially automobiles), we somehow did not demonstrate the willingness well enough. Probably one of the nails in our coffin was a Grand Rapids union demonstration that took place during the Michigan Auto show in February 2006.

Today Mississippi’s new plant is under construction employing thousands of skilled technical workers (and will employe 2000 manufacturing workers). Additionally, a new $180 million parts supplier plant is being built in Jackson, Mississippi to support the new manufacturing plant.

But Michigan is landing new deals both inside the automotive sector (such as the new Chrysler Plant) and outside the automotive sector.  Take the new $1.0 billion expansion of the Hemlock Semiconductor Plant in Saginaw County. It’s not automotive, but it is high tech (and high pay).

So, the automotive industry continues to boom, just in a different place. Michigan will eventually boom again, in the same places with different industries.

And if you still want to work in the auto industry, but are tired of snow and unions, consider a move to Mississippi.  It’s a lot like Michigan.

July 30, 2007

Welcome to Mid Michigan's Innovation Center

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This is a test post for the MidMichigan Innovation Center. The Innovation Center exists to support entrepreneurs and startup companies all across the mid-Michigan region.  Our area is fraught with technical expertise, business expertise, educational support, and manufacturing support thanks to the 100+ year history of the Chemical and Automotive Industries.  We help make the connections necessary to tap into these human and capital resources.

The Innovation Center is a 112,000 square foot facility with several out building.  Included are up-to-date laboratories, offices, conference rooms, and pilot plant areas.  Additionally, we are surrounded by 100+ acres of farmland that can be available for development and expansion, necessary.

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