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Inc. gives 5 reasons to start a biz in Detroit

Inc. magazine comes through with a thorough piece on starting a business in Detroit and all of the opportunities that come with it. The story highlights newer entrepreneurs and taps the wisdom of those that have been here a while.

Excerpt:

There's no hiding the fact that the past decade hasn't been easy on the Motor City. Once a paragon of stability and the nation's fourth largest city, Detroit has seemed to fade alongside the auto industry on which it so vitally depends now sitting at 11th place on that very same list.

In spite of the decline, those who stay refuse to see this as an anything other than an opportunity. With tons of open space, inexpensive rent, and legions of talented workers, the city was and is ripe for the kind of fresh and innovative thinking that drives new business. "Detroit needed to decrease its reliance on manufacturing," says Ross Sanders, CEO of Bizdom U, a local business accelerator formed in 2007. It needed to transform into a "brain economy," he adds, rooted in innovation and entrepreneurship.

Read the rest of the story here.
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