For over two decades, TechTown has served as an entrepreneurial hub in Detroit, with a mission to fuel an equitable revitalization of the city. By nurturing startups and small businesses, the organization strives to create jobs, generate revenue, and fortify neighborhoods, ultimately unlocking Detroit’s full potential.
TechTown’s approach to economic development is centered around inclusion, as evidenced by their collaboration with Wayne State University (WSU) in creating a five-year economic impact strategy. This plan focuses on generating household-supporting jobs and equitable distribution of opportunities across Detroit’s predominantly Black and people of color communities.
The strategy encompasses a wide range of metrics, such as graduation rates, employee demographics and wages, purchasing from local businesses, and research commercialization. By putting diversity, equity, and inclusion at the core of their plan, TechTown and WSU aim to foster lasting change in Detroit.