MPowered began a few years ago when two students had a dream to make Ann Arbor the Silicon Valley of the Midwest. Today, it’s a student group at the University of Michigan that gives members the skills they need to become entrepreneurs. It has almost 100 members and is growing fast. ...... “So it doesn’t matter if people want to start their own business or go into finance or go into engineering or become a musician, people always need leader. People need that creative mindset, people who actually can lead and make that first step. We feel that we are actually instilling that unique quality into students and I feel like that is really invaluable,” Chan said.And if these students stay in Michigan and start a business here, that’s a double win for the state.
Of course, that's a big "if". I will tell Michigan the same suggestion I made for Montana. MPowered should train (prospective) boomerang migrants to be entrepreneurs. Finding a way to make a living in your hometown or home state is tough. And Rust Belt communities could use more risk takers. Moving back is a lot like managing a startup.
The biggest dividend is educating entrepreneurs who will live and work in Michigan. Young college graduates are the most likely to leave the state. Why not invest in the people who are the most highly motivated to move there?