These Are the 50 Best Places in America for Starting a Business

December 17, 2018

By: Michelle Cheng

Inc. Magazine

Whether you’re an entrepreneur plotting to launch a startup or a CEO strategizing where to put another office, knowing where the next hot city is would be a game changer. Should you expand to Raleigh? Would you attract better talent in Austin or Atlanta? With the new Surge Cities Index, Inc. and innovation policy company Startup Genome crunched the data to score and rank the top 50 metro areas in the U.S. on seven key indicators–from early-stage funding metrics to job creation. Finally, here’s the smartest way to answer the age-old question: Where should you go next?

No. 45 – DETROIT

With the highest density of engineers in the country, Detroit is reinventing itself by leading the next mobility boom.

Autonomous-car hardware. Sensors. Lidar. Chances are, if there’s something that has to do with mobility, a startup in Detroit has touched it. Motor City is knee-deep into its transportation reinvention: May Mobility, a spinout from the University of Michigan, builds autonomous shuttles and operates a route in downtown Detroit. Roush Industries built 150 of the self-driving cars for Waymo. Last year, PlanetM Landing Zone launched to connect mobility startups like Lyft and Mapbox with Detroit’s traditional automotive industry. And accelerator Techstars Mobility, founded in 2014, has deployed $67.4 million in venture funding, with two exits under its belt, including the sale of ridesharing startup SPLT to Bosch this year. With Michigan’s having the highest density of engineers in the country–and the highest concentration of those employed in Detroit’s Wayne County–it’s no wonder the majority of VC money getting poured into the city ends up in mobility and IT.

–Michelle Cheng

View the original article here

PlanetM Landing Zone Amps up in First 90 Days, No Sign of Slowing Down

Logo for Planet M Landing Zone

Ninety days since the official launch of the PlanetM Landing Zone, efforts to attract and connect global mobility startups to the Detroit region are moving rapidly, with 18 global mobility startups, three Tier 1 OEM partners and a venture capital firm actively engaging at WeWork Merchant’s Row. The Chamber launched the PlanetM Landing Zone in October 2017, in partnership with the Michigan Economic Development Corp.

Connection Point for Global Mobility Startups

This first-of-its-kind space creates a physical entry point for startups and businesses to share and collaborate to drive innovation in next-generation mobility.

Global startups such as DriveSmart, based out of Madrid, the first company in the world specializing in smart driving metrics; and DERQ, a Dubai-based MIT artificial intelligence spinoff, have set up a presence at the Landing Zone.

National startups are also engaging in the space including Mapbox, a location data company, and Spatial, the world’s first human-driven artificial intelligence platform and graduate of the Techstars Mobility accelerator program.

Ford Motor Company and two additional Tier 1 OEMs have signed on as industry partners to actively engage with member startup companies and explore their technology and potential partnerships. With the momentum and attention the Landing Zone has built up in the first 90 days, the opportunities to drive collaboration and innovation in Detroit position our region for strategic growth in the automotive, IT, and mobility sectors.

CES and North American International Auto Show Provide New Leads

From Las Vegas to Detroit, the Chamber started the new year engaging with global mobility and technology startups to promote the Detroit region’s automotive and mobility assets. The Chamber’s business attraction efforts from CES and the North American International Auto Show led to Mighty AI, a tech startup based out of Seattle, Wash. establishing a presence at the Landing Zone and a dozen other global startups considering memberships.

As membership continues to grow, the Landing Zone is actively exploring ways to connect startups to the resources they need to succeed in the region. In the next coming months, aside from networking and curated events, members will also be able to engage and connect through a mobile application, and will also have access to a catalog of legal, tax and human resources services to help grow their businesses.

For more information about the PlanetM Landing Zone or to engage, please visit www.planetmlandingzone.com.

For more information on Forward Detroit, contact Marnita Harris at 313.596.0310. To view a full list of investors and past Investor Exclusive content, visit our Investor Resources page.