New Report Shows Good Returns On Entrepreneurship and Innovation Programs

A new report shows Michigan’s investments in the 21st Century Jobs Trust Fund entrepreneurship and innovation program has helped diversify the state’s economy and create jobs.

But the TEConomy Partners research for the Michigan Economic Development Corporation says the state’s economy is at a crossroads and investments in innovation and entrepreneurship should continue to help the state move forward and see more and better jobs.

The report says since the trust fund was created in 2005, more than $260 million has been invested to help nearly 1,400 companies and new start-ups.

Those companies had 11,000 workers in 2014.