Thanks to Bizdom U, Detroit builds entrepreneurs, too

Detroit's entrepreneurial boot camp Bizdom U prepares metro Detroit entrepreneurials to be metro Detroit business owners.

Excerpt:

Bizdom U is a non-profit, one-year program that trains and funds would-be business people to start businesses in the Motor City. Created by Quicken Loans Chairman Dan Gilbert, a Detroit native, it is a bold plan to rejuvenate a crumbling downtown. If successful, it could be expanded to other Midwestern cities.

"Entrepreneurs -- not government programs -- create businesses, jobs and growth for a city," Gilbert says.

The program's inaugural graduating class last year of four men and three women has produced five new Detroit-area businesses in industries that include mobile marketing, online retailing and a shopping rewards program that supports the local economy. The second wave of 20 students, scheduled to graduate this summer, is expected to create 10 companies this year.

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