In an effort to encourage more small business in the state of Michigan, the U.S. Department of Commerce announced that it will begin to open up more resources for small businesses across the state. Available to entrepenuers across the whole country as well, these resources, such as the CommerceConnect website, will enable small business owners to have an all-encompassing program in order to help them succeed. While the government regulations and policies can be confusing to navigate, the Department of Commerce intends to simplify confusion among business owners by offering all the necessary information in one place. CommerceConnect also opened a branch in Pontiac in order to gain a presence in the local economy.
As of right now, the website is not up to its full potential-changes and more information are coming to the site soon, as promised by the Department of Commerce. The site does provide a list of resources for business owners, including employee locaters, regulation policies, financing solutions, and research data. Specific programs that are endorsed by CommerceConnect are also listed on the website in order to connect small businesses with programs that would benefit them. By having all these resources in one specific place that is easily navigated, the U.S. Department of Commerce is taking more steps to help the struggling economy get back on its feet.
In addition to the launch of the CommerceConnect site, the Department of Commerce has also partnered with MORE (Michigan Opportunities and Resources for Entrepeneurs) to help bring even more resources to small businesses. MORE contains more than 26, 000 resources that are available to business owners around the state. MORE was created in 2008, with intentions of fortifying the Michigan economy against even further recession. Its goal is to work with "colleges and universities, incubator programs, industry associations, high-tech businesses and government agencies" (Statewide Entrepreneurship Support System,) to help generate new, innovative business initiatives for the state. For example, one of the organizations that MORE sponsors is the Statewide Entrepreneurship Support System (SESS), which is a catalogue system focused on trying to deliver resources to entrepreneurs. MORE is using this new site to help create a more focused and sound economy throughout Michigan and form a new partnership between entrepreneurs in the state.
The idea of a community of business leaders coming together to share advice and gain wisdom in leading their company's success might seem like a simple one, but it could be what it takes to help the economy fully recover. In the past few years, it seems as if no one really had advice for these small business owners as they watched their companies spiral further and further into debt in the current recession. Instead businesses do not have advice to solve their issues, and are left wondering how to support their business in these tough times. Initiatives like MORE and CommerceConnect are an excellent way to start leading these businesses back to their prosperous states. These programs could have the potential to assist the Michigan economy into better days-from the smallest companies all the way to Michigan's most extensive businesses.