Part of the business planning process is picking a location for your business. Sometimes economics play a part in the decision making process other times the location of potential customers governs where the business is set up. But can West Michigan be the best place for a startup business?
One startup laboratory feels that West Michigan is a great location for their new business. ArcticAx, a Canadian company is forming a new bio-life science start-up lab that will process genetic tests for age-related macular degeneration called "Macula Risk." They chose a location for this startup in Grand Rapids, Michigan over New York. ArcticAx stated this location was chosen because of West Michigan's "talented pool of technology work force, world-renowned universities graduating the next generation of tech talent, and Grand Rapid’s excellent infrastructure." The state and local incentives were also beneficial. It is anticipated that this entrepreneurial endeavor will create 28 laboratory jobs over the next three years in addition to the work it generates for the $1.9 million build out for the laboratory.
While West Michigan may never become the next Silicon Valley or Bay Area when it comes to creating startups and entrepreneurs, there is a lot of talent and a lot of resources available here. Between cities like Grand Rapids, Kalamazoo, Muskegon, Holland, and Grand Haven there are a variety of highly educated and highly skilled people and the colleges and universities in those cities are creating more every year. A startup business with the right idea will be able to find the people it needs to be a success here in West Michigan.
Source: "Why bio-life science company picked Grand Rapids over New York for new lab" by Shandra Martinez of MLive.com