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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 tricky yr.
However Fred Molnar of the Michigan Financial Growth Company studies that in Michigan’s tech sector, not less than, the outlook is decidedly extra upbeat.
“As I am going across the tech ecosystem, there’s nonetheless super optimism right here,” stated Molnar, senior vp of entrepreneurship and innovation on the MEDC. “Even throughout the pandemic, after we thought issues would actually, actually go down, the tech ecosystem stayed fairly stage, if not improved.”
Molnar pointed to the life sciences sector particularly that grew throughout the pandemic, whilst different industries took successful.
“I do agree that there are doubtlessly powerful instances forward,” Molnar cautioned. “However I believe from the tech ecosystem facet, there’s not as a lot concern as there can be in a conventional enterprise sense.”
Hear Molnar discuss 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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