Michigan is transforming on so many fronts right now. There's the film industry and green technology and buy local and alternative energy. It could go so many directions or go all directions. However, at the Mackinac Policy Conference this week it looks like alternative energy will be heavily discussed as a way to pull Michigan out of economic hardship.
Excerpt:
As Michigan's alternative energy takes center stage this week at the Mackinac Policy Conference, the state's efforts to create a battery supply chain and pursue wind and solar companies are gaining attention.
Loch McCabe, founder of Ann Arbor-based Shepherd Advisors, one of the state's oldest renewable energy consulting firms, said his firm is spending an increasing portion of its time advising established manufacturers seeking to diversify. He said it's critical that they embrace a new mindset devoted to embracing entrepreneurialism and changing culture.
"Diversification is challenging, and it's especially challenging to companies that have not had to do that before or at least had to do that in significant ways," McCabe said. "It takes time, it takes a willingness to commit resources and it also takes a growth mentality, a willingness to not only get into a new industry but to grow with the industry."
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