FERNDALE – Tom Kelly, chief operating officer, talks about the Automation Alley Industry Report, that showed that the 10-counties of Southeast Michigan, as rated by 140 executives in Michigan and Silicon Valley in northern California, provide a better return on investment. A technology business is defined as a company in information technology, advanced manufacturing, digital design or industries that require STEM degrees – science, technology, engineering and math. The beauty of Detroit coming back grow is millennials can get a great urban experience and make an impact on day two.
Michigan has lots of engineers because of the auto industry. But every Michigan company in the survey said they expected to increase revenue growth this year, and 25 percent predicted revenue growth of more than 25 percent. Kelly said the report indicates 2016 should be great for the technology business in Southeast Michigan – from Ann Arbor to Flint.
The new focus for the auto industry is autonomous vehicles, connected cars, mobility, and wireless. What worries Kelly is if Southeast Michigan doesn’t keep focused on this segment, Silicon Valley – with far greater financial resources and manpower – will take it from Michigan.
To listen to this informative podcast, click on https://soundcloud.com/podcastdetroit/m2-episode-24-automation-alley?in=podcastdetroit/sets/m2techcast-on-podcastdetroit
