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11 Priorities for Small Manufacturers to Survive COVID-19 Pandemic

Stay Safe: For those that stay in operation, follow guidance from the CDC and your state authorities on social distancing policies; protect your most valuable asset, your employees. Use this time to show that you care about their wellbeing. Communicate, communicate, communicate: Employees, customers, and suppliers  are anxious about the future. Stay in communication with

Q1 2020 Newsletter

Informing & Transforming Tomorrow's Economy January 2020 Economic Growth Institute Newsletter In this issue... Topics that Educate your organization Resources to support your organizations development Profiled Talent we have developed through real world experiences *Tips for effective strategic planning *Learn how our team executes   strategic planning *Resources for strategic planning *Featured staff *Featured grant program Tips for Effective Strategic

U-M’s Economic Growth Institute guides small businesses through turmoil, retooling

By Jeff Karoub, U-M News Service FACULTY Q&A Steve Wilson When the full story is written about how the COVID-19 pandemic rocked industries and economies, small-to-mid-sized businesses will certainly encapsulate the struggle, endurance, resilience on a human scale. The University of Michigan’s Economic Growth Institute helps many such enterprises work through this crisis,

Retool, revive: U-M helps defense manufacturers pivot

By Greta Guest, U-M News Service Original posting: https://news.umich.edu/retool-revive-u-m-helps-defense-manufacturers-pivot/ ANN ARBOR—As defense contractors throughout the Midwest lost work because of federal budget cuts, many were at a loss about what to do next, including Sean Hilbert, CEO of Cobra Aero, a rural manufacturer in Hillsdale, Michigan. Hilbert, whose main business is making youth

Engineering and Business are not Mutually Exclusive

Blog post by Alexander Samra, Center for Entrepreneurship, Entrepreneurs Leadership Program Interning at the University of Michigan Economic Growth Institute, First Customer Program My name is Alexander Samra, AERO ‘21 and aspiring entrepreneur. My experience at the Economic Growth Institute’s First Customer Program has helped me define what I want out of my career.

Ditch the startup. Intern at a growth institute.

Blog post by ELP Student Hayley Vassallo (Business Administration | Class of 2021) Interning at the University of Michigan Economic Growth Institute Instead of working directly for a startup, I am helping the Economic Growth Institute decide which startups to invest in. A typical day consists of early stage startups coming in to pitch

U-M funding helps precision dentistry startup GreenMark Biomedical make its mark

Cavities are the great unifier. According to a comprehensive study by the Center for Disease Control and Prevention, 90% of adults in the U.S. have or have had a cavity, while 1 in 4 has untreated cavities. What if there was a way to simultaneously identify and treat cavities before they fully form? Dr. Steven Bloembergen,

U-M study explores lab-to-market successes at research universities

Universities and federal laboratories are the cornerstones of American innovation, developing new products that address important societal issues and drive economic growth. The University of Michigan, with support from the U.S. Department of Commerce’s National Institute of Standards and Technology, studied public research universities across North America to identify best practices for bringing new

Institute launches “Re-imagining companies” class in collaboration with Center for Entrepreneurship

Former research associate Nour Arafat discusses her experience in product development with class. The Economic Growth Institute launched its first course this semester teaching students the fundamentals of how to evaluate a company and strategize its growth opportunities.  Titled “Re-imagining companies”, the course is offered in partnership with the Center for Entrepreneurship.  During the semester,

Defense Manufacturing Assistance Program Delivers Strong Results

The Defense Manufacturing Assistance Program (DMAP) released final results demonstrating tremendous impact on business growth, innovation, and community resiliency. The Economic Growth Institute at the University of Michigan, along with its partners at Purdue University and The Ohio State University, collaborated to deliver critical support and services to companies and communities impacted by downsizing of