{"id":12238,"date":"2013-12-27T16:54:48","date_gmt":"2013-12-27T16:54:48","guid":{"rendered":"http:\/\/challengedetroit.org\/blog\/faresksebati\/?p=92"},"modified":"2013-12-27T16:54:48","modified_gmt":"2013-12-27T16:54:48","slug":"trending-in-2014-entrepreneurship-in-detroit","status":"publish","type":"post","link":"https:\/\/challengedetroit.builtrare.com\/blog\/trending-in-2014-entrepreneurship-in-detroit\/","title":{"rendered":"Trending in 2014: Entrepreneurship in Detroit"},"content":{"rendered":"

Did you know that Detroit recently \"outsource<\/a>surpassed Silicon Valley in technology jobs? I did not know this, but it\u2019s definitely a thought provoking statement by Bloomberg<\/a>, and merits the buzz about Detroit\u2019s resurgence in light of the city\u2019s recent bankruptcy<\/a>.<\/p>\n

You can\u2019t ignore the momentum building in Detroit\u2019s technology sector. For Detroit\u2019s entrepreneurial tech-scene, 2013 will be remembered as the year Google launched 7 tech-hubs<\/a> in cities across North America. \"Google<\/a>By choosing Detroit, tech-giant Google lead a shift in perception globally about how business can be done in the Motor City. This national support loops Detroit into the bigger start-up scene happening around the world.<\/p>\n

How can we foster entrepreneurship?<\/b><\/p>\n

“We think entrepreneurship has really changed in the last four or five years. People are coming together now more collectively as they start companies.<\/i>\u201d<\/i> – John Lyman, head of partnerships for Google for Entrepreneurs<\/p>\n

Google for Entrepreneurs is creating a new Tech Hub Network w\/ 7 partners, initially in North America http:\/\/t.co\/qewsw1EG3G<\/a><\/p>\n

\u2014 A Googler (@google) September 25, 2013<\/a><\/p><\/blockquote>\n

Forbes has implied that some of the next big techonomies<\/a> to be: London, Tel Aviv, Washington DC, and Hong Kong<\/a>. In London, Google recently opened a 7 story coworking space<\/a> that houses over 100 promising start-up companies. As a model, we can look to urban networks with outstanding densities to see trends that will impact Detroit. In Hong Kong for example, a prime office space costs HK$105 per sq. feet a month<\/a>. As a result, 10 co-working spaces have popped up across the city within the past two years.<\/p>\n

No sign of a slow down. Coworking in Detroit.<\/b><\/p>\n

Today, more and more entrepreneurs and freelancers are looking to coworking facilities to gain access to relatively inexpensive office space. These spaces not only provide the necessities such as Wi-Fi, conference rooms and a mailing address, but the ability to network and meet ambitious individuals with a similar passion.<\/p>\n

From an economic standpoint, the largest demand for office space comes from smaller businesses looking for a feasible workspace, and not as much from large corporations seeking to acquire an entire building. In downtown Detroit\u2019s central business district, the vacancy rate has dropped from 33% to 25% in just the past three years<\/a>, showing a trend that is likely to continue.<\/p>\n

\"left\"<\/a>\"right\"<\/a><\/p>\n

The social aspect of coworking<\/a> is perhaps the biggest opportunity for budding entrepreneurs. You can\u2019t match the efficiency of being in a creative working environment with access to networking and mentorship programs. These hotbeds are where great startups are currently being born. In Detroit, several coworking spaces and business accelerators have popped up<\/a>, spurring optimism and excitement for the start-up community.<\/p>\n

I feel so welcome @GrandCircusCo<\/a> #WorkDetroit<\/a> pic.twitter.com\/IxL6CnWxGP<\/a><\/p>\n

\u2014 Fares Ksebati (@FaresKsebati) December 17, 2013<\/a><\/p><\/blockquote>\n

I have personally toured and worked out of several of these coworking spaces in Detroit<\/a>, including: Junction 440<\/a>, Green Garage<\/a>, Ponyride<\/a>, the Madison Building<\/a> (home to venture capital firm – Detroit Venture Partners<\/a>), and Grand Circus (Google Tech Hub)<\/a>. It is a fantastic experience, and I definitely recommend giving this type of working environment a try.<\/p>\n

I suggest this quick read: 5 Signs That Coworking Might Be for You<\/a> via Mashable.<\/p>\n

Detroit in 2014!<\/b><\/p>\n

In 2014, the world will continue to take notice as Detroit builds its own unique brand of innovation. For a city that has historically been the center of invention, the trend will continue in another dimension. This time around, the landscape will be much more diverse as businesses and entrepreneurs truly embrace the start-up community.<\/p>\n

\"detroit<\/a><\/p>\n

Perhaps a tech boom will erupt from the epic Madison block <\/a>on Woodward Avenue, or in one of the coworking spaces outside of the downtown business district. Wherever this transformation occurs, it will be happening in Detroit, and there is no doubt about that!<\/p>\n

Contributed by:\u00a0 Fares Ksebati (@FaresKsebati<\/a>).<\/p>\n

http:\/\/faresksebati.com\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Did you know that Detroit recently surpassed Silicon Valley in technology jobs? I did not know this, but it\u2019s definitely a thought provoking statement by Bloomberg, and merits the buzz about Detroit\u2019s resurgence in light of the city\u2019s recent bankruptcy. You can\u2019t ignore the momentum building in Detroit\u2019s technology sector. For Detroit\u2019s entrepreneurial tech-scene, 2013 […]<\/p>\n","protected":false},"author":135,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,32,29],"tags":[],"class_list":["post-12238","post","type-post","status-publish","format-standard","hentry","category-detroit","category-entrepreneurship","category-revitalization"],"_links":{"self":[{"href":"https:\/\/challengedetroit.builtrare.com\/blog\/wp-json\/wp\/v2\/posts\/12238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/challengedetroit.builtrare.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/challengedetroit.builtrare.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/challengedetroit.builtrare.com\/blog\/wp-json\/wp\/v2\/users\/135"}],"replies":[{"embeddable":true,"href":"https:\/\/challengedetroit.builtrare.com\/blog\/wp-json\/wp\/v2\/comments?post=12238"}],"version-history":[{"count":0,"href":"https:\/\/challengedetroit.builtrare.com\/blog\/wp-json\/wp\/v2\/posts\/12238\/revisions"}],"wp:attachment":[{"href":"https:\/\/challengedetroit.builtrare.com\/blog\/wp-json\/wp\/v2\/media?parent=12238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/challengedetroit.builtrare.com\/blog\/wp-json\/wp\/v2\/categories?post=12238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/challengedetroit.builtrare.com\/blog\/wp-json\/wp\/v2\/tags?post=12238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}