Despite National Slowdown, Michigan Maintains Steady Investment Levels with Nearly $500 Million Raised and Detroit Ranking Second Globally in Startup Ecosystem Growth

BLOOMFIELD HILLS, Mich. – July 22, 2024 - The Michigan Venture Capital Association (MVCA), a nonprofit trade association dedicated to increasing capital and talent for Michigan’s entrepreneurial and investment sectors, has released its
2024 MVCA Impact Report, revealing that Michigan venture capital firms, defying national trends, experienced one of the best fundraising years in over a decade.

Chris Holman welcomes back Lydia Michael, Speaker, Author, Founder & Owner, Blended Collective, Detroit, MI. MBN met her last year at the Michigan Inventors Coalition's 11th Annual Expo in East Lansing. Nine months after the last interview she has more news to share.

[https:/lydiamichael.com/brand-love-book/]lydiamichael.com/brand-love-book]

It's a Summer Vibe You Don't Want to Miss! 

ARE YOU READY?

Pace is Still Cooling from early 2024 Trends

• Topline PPI rose by 0.2% on a seasonally adjusted basis in June 2024. 

• Core PPI, less Food & Energy, gained 0.4% in June 2024, May 2024 growth was also revised up.

in Holiday Week Ending July 6.

• Initial claims for unemployment insurance fell by 17,000 in the holiday week ending July 6. 

• Continuing claims for unemployment insurance fell by 4,000 in the week ending June 29.

Core Gained 0.1%

• Topline CPI fell by 0.1% in June 2024 in seasonally-adjusted terms 

• Core CPI, less Food & Energy, rises at its weakest pace since January 2021, up 0.1% in June 2024

Giggso making AI usage for businesses - Simple, Cost-Effective, and Scalable

Chris Holman welcomes Ravi Venugopal, Founder & CEO, Giggso, Troy, MI