About the Economic Development Study
Lawrence Tech has won a $70,000 grant from the Economic Development Administration (EDA) of the U.S. Department of Commerce and a $10,000 grant from the Detroit Regional Chamber to study and seek to improve entrepreneurship, innovation, and product development in southeast Michigan. The remaining support for the $146,000 feasibility study will come from the University and service providers.
The study will determine the feasibility of creating a regional center for innovation and entrepreneurship that would be a catalyst for innovation and entrepreneurial development in a region that has experienced high levels of unemployment, underemployment and out-migration.
The study will make recommendations to EDA within a year on steps to improve the region's entrepreneurial infrastructure. It will focus on creating opportunities for displaced automotive workers and engineering, science and business professionals.
The project director is Mark Brucki, executive director of economic development and government relations. The research director is Robert Inskeep, executive director of the Center for Nonprofit Management, and the research manager is Matthew Cole, director of the psychology program.
"The EDA grant allows us to identify unique opportunities to provide an environment and resources for product creation, innovation and job creation that are not being offered elsewhere in the state, the Great Lakes region or the nation," Brucki said.