Detroit: A city in transition
Starting a business in Detroit is still difficult – Real estate costs may be low but apparently the red tape is still very thick. I attended a panel discussion on Friday morning where some policy analysts were discussing Detroit. Andrew Moylan of the R Street Institute remarked that due to all the regulations and bureaucracy, it’s easier to open a restaurant in New York City than it is in Detroit. That needs to change and it has to change for people to make investments in the city.