The Detroit Business Fair was held at The Russell Bazaar, in Detroit, Michigan, on Sunday February 27, 2011 2:00 p.m.
Declaring that “Detroit is open for business”, one of the keynote speakers for the Detroit Business Fair at the Russell Bazaar, Detroit City Council President, Mr. Charles Pugh presented the bare facts about business financing to an attentive audience.
I couldn’t believe my ears. There stood an elected official of the city of Detroit saying ‘free money’ to a huge and somewhat hungry looking crowd.
“The opportunity to do business in Detroit has never been better for those who see opportunity knocking and are well prepared”, asserted Mr. Charles Pugh. In summary, the good news is ‘yes’ …there is money available …not exactly free ….but pretty close. Of course there is a small catch. There is real money out there for those who are prepared …with the emphasis on prepared. In plain english, this means if you are already past the ‘good idea stage’ and have a decent track record or a solid business plan; you may quality for financing available at very flexible terms, from micro-loans to venture capital.
To get started you must invest your time on the following web sites where you will learn how to prepare yourself to make the right presentation to obtain financing.
Hard Work has Never Been so easy
The Detroit Venture Partners www.detroitventurepartners.com may have millions for you if you qualify. If you are an entrepreneur I suggest you read every page on this very educational and entertaining web site whether or not you are looking for financing. Detroit Venture Partners has a must see web site that will help you prepare a business plan and presentation to obtain venture capital. This (DVP) is a very ambitious group of native Detroiter’s, many of whom you’d recognize, who’s mantra is “accountability is non-negotiable”. They intend to finance six new business this year and 8-10 businesses next year. You could be one of them.
The re-invention of Detroit is creating a new paradigm for business and the DVP is on it. This new image for Detroit implies that ‘things are different in Detroit’ and ‘you can make a difference in Detroit’.
For those of you on the fence about starting or moving your business to Detroit or really anywhere in Michigan, you may want to reconsider after reading an article by Josh Linker, CEO and managing partner of DVP, who came right out and named the Top 10 Reason to do business in Detroit. To read this article, please view this site http://detroitventurepartners.com/index.php?option=com_content&view=article&id=9&Itemid=10.
For seasoned and inspiring businesspeople a visit to www.bizdom.com is an education to say the least. Bizdom U is a program that assists entrepreneurs in launching businesses. They are looking for driven, talented entrepreneurs with feasible business ideas and provide the guidance, feedback, training and support necessary to put these ideas to work and create successful growth-oriented businesses. Founded by Dan Gilbert, of Quicken Loans renown, www.bizdom.com is a nonprofit ‘boot camp’ that trains, mentors and partners with aspiring entrepreneurs to open innovative and growth-oriented businesses in the city of Detroit.
Bizdom U’s mission is to create successful businesses, jobs, growth and wealth in large urban cities. This is your opportunity here …practically handed to you.
The next web site, or maybe the first, depending on how much capital you are looking for should be Detroit Economic Growth Corporaton, www.DEGC.org. As Mr. Pugh put it so concisely, “DEGC is your friend”.
The City of Detroit has a great program called ‘Micro-Loans’ a pool of cash for entrepreneurs who are, and I repeat ‘prepared’. To get prepared start by reading everything on this web site and if you think you quality call Mr. Lorenzo Thurman at 313-632-4032.
Toward the end of Mr. Pugh’s ‘free money’ speech, a noteworthy event occurred. A balloon pops so loud that it resembles a gunshot …and nobody hits the floor! The speaker made note of this and took it as a sign that Detroit has turned a corner.
Author & Photographer: Doug Elbinger, Elbinger Media Group, representing GreeningDetroit.com