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With Philanthropy and Business the Coaches, Motor City Aims to Play Again

In our many conversations about how to ensure that the United States retains its standing as the world’s most innovative and entrepreneurial nation, we have often looked to Detroit as a cautionary tale. In the 1950s, Detroit was like today’s Silicon Valley—a hotbed of entrepreneurial activity, booming with high-growth companies, and the heart of American innovation. But then Detroit lost its way. The epicenter of Detroit’s entrepreneurial ecosystem—the auto industry—went into decline. As a result, Detroit lost more than half of its population, and recently filed for bankruptcy. It lost its entrepreneurial mojo and became risk-adverse. And as its economy sputtered, its community struggled. Can Detroit get that mojo back, and rise again? We think the answer is yes.   More