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Endeavor’s unparalleled global network will equip the city’s best entrepreneurs with the resources they need to aid with ushering in a new era for Detroit
Detroit is primed for the sort of high-impact entrepreneurship that Endeavor has successfully fostered all around the world. With the launch of Endeavor Detroit in 2014, local entrepreneurs will have access to a global network of industry leaders, investors and talent. Endeavor’s support can help the best entrepreneurs in the city turn their ventures into businesses that will move the local economy.
The economic challenges faced by Detroit since the financial crisis of 2007-08 have made headlines across the world. With a population of about 700,000, the city has seen a sharp rise in unemployment coupled with economic decline and a dwindling talent pool. Following its landmark municipal bankruptcy filing in 2013, the city has been beleaguered by unemployment rates hovering around 14% – nearly double the national average. The region of Southeast Michigan as a whole has not fully recovered from the financial crisis either. Endeavor Detroit seeks to make an impact by leveraging the city’s entrepreneurial potential to fuel job creation and economic development.
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