CNN Money looks at startups taking root in Detroit

Hundreds turn out for entrepreneur event on Wayne State University's campus. CNN Money reports on it and Detroit's budding entrepreneurs.

Excerpt:

Why did the company move to Detroit?

"Resources like this building," said John Stchur, the company's chief financial officer. "It gives entrepreneurs easy access to good advice, and introduces them to good funding sources."

Stchur also listed the low cost of living and talented job pool as other reasons for moving to the area.

Detroit does have all these things, and is trying to leverage them as fast as it can to attract thousands of other Asterands as it struggles to free itself from its now-toxic reliance on its Motor City roots.

Read the entire article here.
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