The League's Region 4 Education Seminar, held in Dewitt, featured a presentation by Barb Fails of Michigan State University's Land Policy Institute on the importance of entrepreneurship to community development.
Dr. Fails noted that it is a misnomer to think of entrepreneurs as young twenty somethings. The fact is that in Michigan most entrepreneurs are between the ages of 35 and 55. This includes many folks who are becoming entrepreneurs for economic reasons, quite simply they've lost their job either through lay-off or perhaps a buy-out. Not quite ready to retire, these people are becoming prime candidates for starting their own business.
Its important for local communities to understand such information as they seek to provide resources and put in place a comprehensive and sustainable economic development strategy that includes development of entrepreneurs and small business.
Arnold Weinfeld is director of strategic initiatives and federal affairs for the michigan municipal league. He can be reached at 517-908-0304 or by e-mail.