|UM-Dearborn’s iLabs eCities Research Recognizes the City of Tecumseh|
UM-Dearborn’s iLabs eCities Research Recognizes the City of Tecumseh, Michigan for its Positive Entrepreneurial Climate
Tecumseh, Michigan November 15, 2011 – The City of Tecumseh has been recognized for its work to foster entrepreneurial growth and economic development in a study by researchers at iLabs, University of Michigan-Dearborn’s Center for Innovation Research. The City of Tecumseh was honored as a five star community along with 44 other communities across the State.Tecumseh’s five star award is based on its proven track record of success. Over 250 jobs have been created by businesses in Tecumseh in the last year and another 500 are projected in the coming year. In the last two years, Tecumseh businesses have attracted over $11 million in investments to support expansion.
“Tecumseh has always been a friendly spot for people who want to start a business,” said Paula Holtz, economic development director, City of Tecumseh. “With the unique development effort that the city puts forth, and its strong ties to state and regional economic development incentives, Tecumseh helps business connect to the resources that are vital for growth.”
The City of Tecumseh works closely with existing and new businesses to provide a range of support services. Tecumseh partners with agencies at the state and local levels to help businesses access talent, support, training, financing, and other resources.
“Tecumseh is a great location for those starting a new business as well as high tech and manufacturing businesses planning expansion,,” Holtz added. “Tecumseh delivers affordability and a talented workforce that can provide competitive advantages for businesses that locate here.”
The eCities research surveyed more than 100 communities in the State of Michigan who are home to 36% of Michigan residents and 44% of its college graduates. These communities also had more than $1 billion in commercial construction last year and more than half of them share services with other communities.
“We are pleased to have participation from so many communities throughout the state in eCities 2011,” said Davis. “The focus of this project is assisting local communities by identifying best practices and methods that they can implement which will aid with job growth strategies, economic diversification, and development of entrepreneurs.”
The communities were honored at a ceremony at UM-Dearborn on Wednesday, Nov. 16, with Martin Dober, senior vice president of entrepreneurship & innovation, Michigan Economic Development Corporation, providing the keynote address at the event.
The annual eCities research project, which began in 2007, 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. The study focuses on entrepreneurship because of its importance to expansion and diversification of Michigan’s regional economies and the impact small businesses have on job creation. To date, 138 communities across Michigan have participated in the study.
|Last Updated on Wednesday, November 23 2011 09:07|