MichiganRadio

Granholm: Small Businesses Are Michigan's Future DETROIT, MI (Michigan Radio) - Governor Granholm says Michigan must "change its culture" to promote small business and entrepreneurship.

During a stop at Detroit's TechTown business incubator, the Governor continued to stress themes from her State of the State speech.

Granholm says Michigan's historical dependence on the auto industry limited entrepreneurship, but that needs to change. And the Governor says the state should help make it happen.

"Obviously you can't force people to do it, but you can make the opportunity there for them," Granholm says. "And states that have the most diverse economies are states that really have a robust small business sector."

Granholm announced two initiatives aimed at fostering small business growth.

One has the state partnering with the Michigan Credit Union League and small business training centers to get more loans to eligible businesses. The Michigan Economic Development Corporation will also invest in expanding a boot camp program for aspiring entrepreneurs.
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