The Small Business Development Center, Invest Detroit, Automation Alley and TechTown are some of the beneficiaries of a budget increase for support of entrepreneurship and innovation by the Michigan Economic Development Corp. for the fiscal year that begins Oct. 1.
According to Emily Guerrant, MEDC vice president of marketing, the budget for entrepreneurship and innovation has been increased from $19 million in the current fiscal year to $21.4 million, while the overall budget for the MEDC was cut by $1.5 million by legislators to $251.9 million.
