Sunday, May 22, 2011

Is Detroit the next Silicon Valley?

As Michigan makes cuts to education, this article and video show how education may be the key to solving Detroit and other rust belt city's problems.

Who would think that four college grads would want to stay in Detroit instead of heading to Silicon Valley?



http://www.mlive.com/business/detroit/index.ssf/2011/05/cnn_money_is_detroit_the_next.html

6 comments:

  1. I hope this article proves true. In order for Detroit to become an economic "powerhouse" again in the U.S., there needs to be a diversification of industries in the city. The city cannot solely rely on the automotive industry because that is what put us into the situation that we are in today.

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  2. I agree with Mark. While tech jobs may play a bigger role to create more employment opportunities, diversification of industries is necessary to rebuild a city.

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  3. I’m not sure how I feel about this. A lot of these tech jobs are in the automotive industry.
    I think that Harlow made a good point when she said, “so many jobs lost the only real place to go is up”. I don’t doubt technology is making an impact in Detroit, but I am not sure based on this article that this is going to bring Detroit back. I think this may be one of the many factors that go into recreating/reinventing Detroit.

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  4. Detroit, and Michigan as a whole, definitely need to diversify in order to be seen as competitive. I think that creating new tech jobs is important, but we're going to be in the same position again in the future if we don't branch out and invest in more than one industry.

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  5. I agree with Mark too. We learned the hard way that we can't rely on one industr.

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  6. Diversity is key but so is identifying which specific areas of business will be big in the near future, like tech or alternative energy. The "nowhere to go but up" point is definitely true in that there is massive potential for growth in Detroit, but that won't happen without intelligently directed effort.

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