With extra economists forecasting a recession in 2023, some enterprise house owners are expressing concern about making it by what guarantees to be a troublesome yr.
However Fred Molnar of the Michigan Financial Improvement Company studies that in Michigan’s tech sector, a minimum of, the outlook is decidedly extra upbeat.
“As I am going across the tech ecosystem, there’s nonetheless great optimism right here,” stated Molnar, senior vice chairman 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, whilst different industries took successful.
“I do agree that there are probably robust instances forward,” Molnar cautioned. “However I feel from the tech ecosystem aspect, there’s not as a lot concern as there can be in a standard 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.
