MIDLAND
RECOGNIZED FOR PROVIDING ENTREPRENEURIAL CLIMATE FOR BUSINESS
November 2,
2012 – The city of Midland has been
identified as one of eight top performing communities in Michigan at fostering
entrepreneurial growth and economic development in a study by researchers at the
University of Michigan-Dearborn’s Center for Innovation Research (iLabs). Midland was
recognized as a five-star community – the top rating possible.
“This
recognition speaks to the fact that we work diligently to bring new business to
Midland and encourage our existing businesses to grow and thrive,” said Midland
Mayor Maureen Donker. “We realize the
importance of providing a pro business environment, which helps not only our
community, but the entire state as well.”
Begun in
2007, the annual eCities research project uses data
supplied by the participants as well as other public records to assemble a
six-factor, 32-item index of entrepreneurial activity, looking at such factors
as clustering, incentives, growth, policies, community, and education. In addition to performing well in the
numerical portions of eCities 2012, the eight top
performing communities have been recognized for programs that aid
entrepreneurial growth.
“The top performing communities understand what small
businesses need to be successful,” said Tim Davis, director of iLabs. “The communities communicate with their business
owners and provide connections to broader resources and insight on trends.”
In
Midland, that means working hard to produce an ecosystem that supports start
ups and small businesses as well as larger corporations. The City of Midland understands different
needs across that spectrum, pro-actively providing value-added services when
needed and streamlining other processes when possible. A proactive example is the partnership struck
between the City of Midland and the County of Midland in the 1990’s to fund
Midland Tomorrow, the countywide economic development agency.
“At
Midland Tomorrow, our role is to not only to work directly with the companies
in Midland to be successful, but to also partner with other agencies like the
Michigan Small Business & Technology Development Center, Mid Michigan
Innovation Center, and others, to build out a pro-business ecosystem for
companies to thrive,” said Carol Miller, Economic Development Manager for
Midland Tomorrow. “While many
communities have incubators, our goal is really for ‘Midland’ to be an
incubator, for companies that are here or others that may consider a Midland
location. That supportive ecosystem will
ensure our growth over the next 20 years.”
Other top
communities include the cities of Troy, Grand Rapids, Grand Blanc, Imlay, and
Sterling Heights plus Meridian Charter Township. An additional 46 communities
across the state have also been recognized as five- and four-star performers.
The eCities research surveyed 114 communities from 40 counties
in Michigan that are home to 34 percent of Michigan residents and nearly half
of its college graduates. More than 125,000 entrepreneurs with over $3 billion
in self-employed income call the participating communities home. These communities also had more than $1.5
billion in 2011 commercial construction, and more than 70 percent share
services with other communities.
The eCities project assists local communities by identifying
best practices and methods that they can implement to aid in job growth,
economic diversification, and development of entrepreneurs.
This
year’s communities were recognized at UM-Dearborn on October 30 at a ceremony
that included video profiles of each of the top performers. Midland’s video can be found on YouTube, at http://www.youtube.com/watch?v=CY-EnqA9FpY&feature=share&list=PLsglDkxBH6G5_Z6cGBOazPPezf3-EgXZS.
Support
for eCities 2012 is provided in part by the DTE
Energy Foundation, the Michigan Economic Development Corporation (MEDC), and
UM-Dearborn’s College of Business.
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