March 27, 2012

TechTown's economic impact generates local, regional media attention

New startup companies inspired by TechTown, Wayne State University's business incubator and research park, have spawned hundreds of new jobs in Southeast Michigan. Since 2007, TechTown has provided support to 647 companies that have created 1,085 jobs, while active and graduate clients generated a combined total of $52 million in revenue in 2011 and $41 million in revenue in 2010, according to a new report released by Wayne State. "All these entrepreneurs, regardless of industry, are enriching the region through their commitment to innovation," said Allan Gilmour, president of Wayne State University and TechTown's Board of Directors. "By guiding a multitude of entrepreneurs from diverse backgrounds to success, we are accelerating the region's transformation to an innovation-based economy," Gilmour said.

http://business-news.thestreet.com/press-and-guide/story/wayne-state-research-park-generates-hundreds-jobs-region/1
http://theoaklandpress.com/articles/2012/03/27/business/doc4f7109952bd41950774846.txt
http://business-news.thestreet.com/voice-news/story/wayne-state-research-park-generates-hundreds-jobs-region/1
http://detroit.cbslocal.com/2012/03/26/new-report-reveals-techtowns-economic-impact-on-detroit/

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