How to Get Involved in Shaping the Future of Michigan Business

Tammy J. Carnrike

COO, Detroit Regional Chamber

Nolan Finley

Editorial Page Editor, The Detroit News

Susan Mosey

President, University Cultural Center

HOME to the CULTURAL CENTER

THE CULTURAL CENTER

MIDTOWN – Home to Major Educational Institutions

John D. Dingell John D. Dingell VA Medical CenterVA Medical Center

MIDTOWN – Home to the Medical Center

MIDTOWN – Home to Long-Standing Establishments

1 Dog Daycare Facility2 Radio Stations 3 Historic B&Bs4 Places to Buy Groceries

(& 2 on the way!)7 Banks10 Theatres14 Galleries18 Churches36 Nonprofit Organizations46 Places to Eat

141 Reasons to Live in 141 Reasons to Live in DetroitDetroit

Midtown is the Destination of Over:

2,500,000 Annual Visitors1,500,000 DMC Patients / Year35,000 College Students30,000 Employees17,000 Residents4,000 Volunteers

MIDTOWN INVESTMENTConstructed & Planned Projects 2000-2010

Institutional Campus Investment $643.5 million

Education Facilities Investment: $276.7 million

Medical Facilities Investment: $293.4 million

Residential Investment: 2,464 units $435.6 million

WSU Residential Investment: 1,661 beds $98.2 million

Commercial & Arts Related Investment: $42.6 million

Public Improvement Investments: $40.7 million

Total Investment: $1.8 billionTotal Investment: $1.8 billion

Total Investment in Midtown:

Institutional

Residential

Commercial

Green Space

$1.8 billion

MIDTOWN INVESTMENTConstructed & Planned Projects 2000-2009

Phase 1 – Orchestra Place

Midtown Loop Greenway

Midtown Loop Greenway

Detroit Science CenterVA Hospital

Sugar Hill Arts District

Sugar Hill Arts District

Sugar Hill Arts District

Noel Night

Midsummer Nights in Midtown

Slavic Soul PartySlavic Soul Party

Project BandaloopProject Bandaloop

Malcolm-Jamal WarnerMalcolm-Jamal Warner

Detroit Symphony OrchestraDetroit Symphony Orchestra

North Cass Community Garden

Willys Overland Lofts

Studio One

Woodward Garden Theatre Block

MIDTOWN – Small BusinessesGood Girls Go To ParisGood Girls Go To Paris CrepesCrepes

UM Art GalleryUM Art Gallery

Leopold’s BookstoreLeopold’s Bookstore

Bureau of Urban LivingBureau of Urban Living

Sole Sisters BotiqueSole Sisters Botique

Phillip Power

Founder and President, The Center for Michigan

Michael Finney

President and CEO, Ann Arbor SPARK

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Mission Statement

• “SPARK” will be the driving force in establishing the

Ann Arbor Region as a desired place for business

expansion and location...by identifying and meeting

the needs of business at every stage, from those that

are established to those working to successfully

commercialize innovations.

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Guiding Principles

High-value, knowledge-intensive, diverse workers

Innovation in products, services, and delivery

Ann Arbor USA (brand entire region)

“Open Source Economic Development”

• Statewide Collaboration/Partnerships

Proactive versus reactive

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• Ann Arbor Angels• Ann Arbor Area CVB• Ann Arbor Board of Realtors• Ann Arbor Business Review• Ann Arbor Chamber• Ann Arbor Community Foundation• Ann Arbor News• Ann Arbor-Ypsilanti, LDFA• County and Local Units of Government• Detroit Regional Economic Partnership• Detroit Regional Chamber• Detroit Renaissance• Enterprise Group of Jackson• Genesee County/Flint Regional

Partnership• Home Builders Association of

Washtenaw County• MichBio• Michigan Department of Labor and

Economic Growth

Regional Partners• Michigan State Housing Development

Authority• Michigan Economic Development

Corporation • Michigan Manufacturing Technology

Center• Michigan SmartZones• Michigan Venture Capital Association• Michigan Works!/ETCS• Small Business & Technology

Development Centers• Southwest Michigan First• University of Michigan• Washtenaw Community College,

Eastern Michigan University• Washtenaw County United Way• Wayne County Economic Development• Ypsilanti Chamber• Ypsilanti CVB• Ypsilanti Gateway, CEDC

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Entrepreneurial Best Practices

10. Create a common vision among economic development organizations

9. Establish specific goals and timing for the community’s support to emerging business

8. Gain the support of local and state government to enact laws and modify policies which will be more friendly to start-ups

7. Communication – Create an effective branding message to develop a consistent understanding of the region’s value-proposition

6. Facilitate increased connectedness of larger corporations to startups

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Entrepreneurial Best Practices

5. Facilitate increased connectedness between universities and startups

4. Focus on a finite set of emerging technologies, or industry sectors

3. Encourage a more entrepreneurial, risk-taking culture in the region by celebrating venture successes

2. Link entrepreneurs with early and effective mentoring and coaching

1. Provide adequate seed funding and subsequent growth capital

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Who Does What?

University of MichiganEastern Michigan

University

Offerings SPARK GLEQ SBTDC MICH Bio Zell/Lurie Ctr. for Entre. BEC OTT Ctr. for Entre. MRI MEDC ETCS AACVB AACC DREP Auto Alley Det Ren A2Angels BBC MVCA NEF SCORE

Grants X X X         X X

Loans X           X X

Equity X X         X X X X

BA Consulting X X           X X X X X X X

Incentive Assistance X           X X X XTalent Recruitment X X X       X X X

Networking X X X X       X X X X X X X X X

Membership Services           X X X X X X

Advocacy X           X X X X X X

Site Search X           X X X

Permitting X           X XTraining/Education X X X X X     X X X X X X

Mentoring X X X   X   X   X X X X X X X X

Marketing X X           X X X X X X

Tourism           X X

Research X X X       X   X X X X X X

Incubator Services X           X

Micro loans          

IP Licensing Assistance X       X  

Business Critical Introductions X     X    

International Business Attraction X           X X X

Create a common vision among economic development organizations

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Ann Arbor SPARKAnn Arbor SPARKWashtenaw Development Council

Washtenaw Development Council

Business Accelerator

Services

Business Accelerator

ServicesRetention and ExpansionRetention and Expansion

Organization

Ann Arbor IT ZoneAnn Arbor IT Zone

Entrepreneurial

Education

Entrepreneurial

Education

Create a common vision among economic development organizations

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Ann Arbor SPARKAnn Arbor SPARK

Existing BusinessExisting Business Innovation (Startups) Business

Innovation (Startups) Business

Retention and ExpansionRetention and Expansion AttractionAttraction Business AccelerationBusiness Acceleration

Michigan InnovationEquipment Depot

Michigan InnovationEquipment Depot

Michigan Pre-seed FundMichigan Pre-seed Fund

•Marketing & PR•Events•Talent Enhancement•Research & Business Info.•Incentive Preparation

MLSIC Wet Lab Incubator

MLSIC Wet Lab Incubator

SPARK CentralIncubator

SPARK CentralIncubator

SPARK EastIncubator

SPARK EastIncubator

Micro Loan FundsMicro Loan Funds

Organization

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Targeted Industry Sectors

• Advanced Automotive Manufacturing and Materials

• Aerospace Engineering and Manufacturing

• Cleantech

• Homeland Security and Defense

• IT / Software

• Life Sciences

• Optics / Measurement

• Printing and Publishing

Focus on a finite set of emerging technologies or industry sectors

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Open Source Economic Development

Economic development in Michigan should take a

page from the playbook of the ever-evolving

software industry. Its “open source”

philosophy -- the source code that drives

development should be open and available to

all-- is a model that can propel Michigan’s

success in growing, retaining, and attracting

business.

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Washtenaw County ROI

2006 – 2008 Results

• 101 project successes - $925 million new investment commitments

• 7,054 new jobs and 5,740 jobs retained

• 155 Innovation start-ups through SPARK Business Accelerator

• Leveraged community investments to $32.5 million -- through acquisition of Federal and State of Michigan funding and equipment donation to Michigan Innovation Equipment Depot

• Assisted 350 regional companies with employee searches

• Assisted 3000+ job seekers with employment searches

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Questions:

Michael@AnnArborUSA.org

Twitter: @MichaelAFinney

www.AnnArborUSA.org

Florine Mark

President and Chair, The WW Group, Inc. / Weight Watchers

Susan MoseyPresident, University Cultural Center

Florine MarkPresident and Chair, The WW Group, Inc. /

Weight Watchers

Michael Finney

President and CEO, Ann Arbor SPARK

Philip PowerFounder and President, The Center for Michigan

Nolan Finley - moderatorEditorial Page Editor, The Detroit News

AT&T Speed Networking and connect with some of the region’s brightest businesses in the exhibit hall

Coming up next at 2:35 p.m.