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With extra economists forecasting a recession in 2023, some enterprise house owners are expressing concern about making it by means of what guarantees to be a troublesome 12 months.
However Fred Molnar of the Michigan Financial Improvement Company experiences that in Michigan’s tech sector, at the very least, the outlook is decidedly extra upbeat.
“As I’m going across the tech ecosystem, there’s nonetheless super optimism right here,” stated Molnar, senior vp of entrepreneurship and innovation on the MEDC. “Even through the pandemic, once we thought issues would actually, actually go down, the tech ecosystem stayed fairly stage, if not improved.”
Molnar pointed to the life sciences sector specifically that grew through the pandemic, at the same time as different industries took a success.
“I do agree that there are probably powerful occasions forward,” Molnar cautioned. “However I believe from the tech ecosystem facet, there’s not as a lot concern as there could be in a conventional enterprise sense.”
Hear Molnar discuss MEDC’s function and different points necessary to the Michigan enterprise neighborhood in his dialog with Jeff Sloan, founder and CEO of StartupNation Media Group, on the Inside Michigan Enterprise podcast.
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