Dan Gilbert, founder and chairman of Quicken Loans and owner of the NBA Cleveland Cavaliers, has found a novel way to give back to his native Detroit. Gilbert developed the Bizdom U program 2 1/2 years ago in an effort to develop potential entrepreneurs in his hometown. The first wave of would be entrepreneurs just completed the rigorous program, and with between $25,000 and $50,000 in initial investment from Gilbert, they're ready to take on the world.
Many of the participants who are minorities fit Gilbert's PHd requirement of being, "poor, hungry and driven." Gilbert believes that the revitalization of Detroit will come from the successful entrepreneur providing opportunities that will reinvigorate the struggling city.
Hopefully would be entrepreneurs in the Detroit area will take heed of this tremendous opportunity. If only Gilbert could do something about the "hip hop" mayor. Thanks to the Detroit Free Press for story.
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