Although our economy is struggling and our jobless rates continue to rise, a “silver lining” can still be found in the City of Detroit. Enter Bizdom U, an entrepreneurial academy started by Quicken Loans Founder and Chairman Dan Gilbert that teaches budding entrepreneurs the ins and outs of business from a real-world perspective. The reward — for both the students and the City — is funding and support for new businesses that call Detroit home.
Featured today as the cover story in USA Today’s Money section, the Bizdom U program has already yielded five new Detroit-based businesses and may serve as a model for similar entrepreneurial programs in other parts of the country.
“Entrepreneurs — not government programs — create businesses, jobs and growth for a city,” said Bizdom U founder and Detroit native Dan Gilbert.
While some may caution budding entrepreneurs in these tough economic times, Bizdom’s Executive Director Ross Sanders sees things differently. “These are times when entrepreneurs see opportunities that others do not. As companies downsize, this is about creating jobs and wealth in urban areas. We want brain gain, not brain drain.”
CBS News also covered the story, explaining how Bizdom U is contributing jobs, optimism and an entrepreneurial spirit to “The D.” Check out the video below: