2 Companies, 2 Stories, 1 Opportunity

Ford had a bad day, announcing their worst loss in 10+ years. GM had a good day, as their stock hit a 52-week high.

Ford’s losses are bad news for a bunch of obvious reasons. What’s the worst? I think it’s the fact that after all of these plants close/move and people take their buyouts, there will be a tremendous influx of similarly qualified individuals all competing for jobs in the Detroit area that is already strapped for jobs to begin with.

Conversely, GM’s seemingly promising performance may mean that it’s not quite time to turn the lights off domestic car companies. The problem is, these companies will not be able to cut their way to profitability, and right now it seems like that’s mostly what they are trying to do.

There is a tremendous opportunity for individuals that will be taking buyouts or victims of plant closures/movements to begin to create their own businesses to service the needs of their peers (e.g. health services, technology training, etc.).

Perhaps the governor or the mayor could provide special tax credits/incentives for these individuals?

One Love. One II.

Categories
Automotive
Ford
GM
Entrepreneurship
Taxes

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About Garlin Gilchrist II

I am the City of Detroit's first ever Deputy Technology Director for Civic Community Engagement. My job is to open up the city's public data and information for the consumption and benefit of all Detroiters. I currently live in Detroit, my hometown, with my beautiful wife Ellen and our twins Garlin III and Emily Grace. I'm from Detroit. I created Detroit Diaspora, and was formerly the National Campaign Director at MoveOn.org. I also co-hosted The #WinReport on "The Good Fight," a an award winning, nationally syndicated radio show that was one of Apple's Best of 2013. After graduating with degrees in Computer Engineering and Computer Science from the University of Michigan, I became a Software Engineer at Microsoft. By day, I helped build SharePoint into the fastest growth product in the company's history. On my personal time, I sought out opportunities to connect my technical skills with community building efforts across the country. This led to my co-founding The SuperSpade: Black Thought at the Highest Level, a leading Black political blog. I served as Social Media Manager for the 2008 Obama campaign in Washington, and then became Director of New Media at the Center for Community Change. I spent two years creating and implementing a strategy for the Center to take it's 40 years of community organizing experience into the digital age. I speak before diverse audiences on effective & responsive government, empowerment in revolutionary new organizing spaces, increasing civic engagement & participation through emerging technologies and protecting civil rights in the age of the Internet. Full bio here.

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