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With extra economists forecasting a recession in 2023, some enterprise homeowners 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, no less than, the outlook is decidedly extra upbeat.
“As I’m going across the tech ecosystem, there’s nonetheless large optimism right here,” mentioned 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 degree, if not improved.”
Molnar pointed to the life sciences sector particularly that grew through the pandemic, whilst different industries took successful.
“I do agree that there are doubtlessly powerful instances forward,” Molnar cautioned. “However I feel from the tech ecosystem aspect, there’s not as a lot concern as there could be in a standard enterprise sense.”
Hear Molnar speak about MEDC’s position and different points essential 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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