Some high-profile names got together to figure out Michigan's next step in investment. Gov. Jennifer Granholm and Roger Penske, and a handful of others, met to announce InvestMichigan's first two investments as well as the direction to take for the state's investment future.
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"Michigan is at a tipping point, economically," Granholm told me as the meeting broke up. "We need to move in a direction, growing these green, cutting-edge technology companies right here, where we're leading the nation."
Charles Rothstein of Beringea, a Farmington Hills venture capital firm and one of three program managers for InvestMichigan, said the Penske-led council is impressive.
"We're not just giving firms a pile of money. We're giving them smart money and connected money," he said, referring to people like Penske, Quicken Loans founder Dan Gilbert, Dow Chemical CEO Andrew Liveris and Charter One regional bank president Sandra Pierce, who are available to offer advice in many industries and provide connections to tap key talent.
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