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The most innovative companies in economic development for 2025

Fast Company Tech

Some are working on reinvention: Huntsville , the Alabama town famous for its history with NASAs rocketry program, has remarketed itself as a music, arts, and cultural destination; while Hilliard , an Ohio city of less than 40,000 in the Columbus area, continues to build out infrastructure to incubate innovative startups.

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4 Ways to Increase Intra-Organization Equity in Nonprofit Tech

Saleforce Nonprofit

Black History Month is a time to honor the incredible contributions the Black community has made throughout history and to take inspiration from those stories to shape a better future. DBG Detroit empowers students to be positive and productive members of society through education, athletics, mentorship, and intervention.

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Lucid Motors passes Ford’s market cap four years after it nearly got bought

The Verge

Four years after Ford was reportedly considering buying Lucid Motors, the EV startup is now worth more than the Detroit automaker. Lucid Motors has a comparatively long history for an EV startup as it was founded in 2007 as a battery company called Atieva.

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The federal government is investigating yet another Tesla Autopilot crash

The Verge

NHTSA has sent teams to inspect similar crashes involving Teslas that took place in recent weeks in Houston and Detroit. Local law enforcement has said it doesn’t believe Autopilot was involved in the Detroit crash, but they have yet to make the same determination in Houston.

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StockX raises $275M Series E, valuing the retailer at $2.8B

TechCrunch

Rumors are swirling that this financing will allow the company to offer an initial public offering in 2021. Headquartered in downtown Detroit, Michigan, the raise marks the largest VC funding round in Michigan history. This round brings StockX’s total amount raised to $490 million. StockX is seeing blockbuster growth.

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In its first funding in 7 years, profitable fintech Lower raises $100M Series A led by Accel

TechCrunch

The financing also marks the previously bootstrapped Lower’s first external round of funding in its seven-year history. Our history is maybe a little atypical of fintech companies today,” he told TechCrunch. And last but not least, Lower is eyeing the public markets as part of its longer-term roadmap.

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Electric vehicle startups hit speed bumps after raising tons of cash

The Verge

Startups going public makes it much easier to see where the problems are. Ohio-based Lordstown Motors raised nearly $700 million when it went public late last year and has backing from America’s largest automaker, General Motors. California-based Canoo went public in December and has already replaced its leadership team.

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