Detroit revival being led by start-ups
“The butt of American jokes for decades, symbol of all that was right with the US in the 1950s and wrong with it 50 years later, Detroit hit rock bottom in 2013 when the Motor City declared bankruptcy owing creditors billions of dollars. Four years later, the city has bounced back. ‘Détroit Is The New Black’ proclaims a shop front on the newly resurrected main drag, Woodward Avenue. It is the name of a trendy new urban fashion house (the acute accent on the ‘e’ is a nod to the city’s French colonial origins of the 18th century). But it could just as well be the unofficial motto of America’s 21st-largest city as it slowly overcomes decades of devastation, partly thanks to start-up entrepreneurs pouring in from all over the US and beyond, to enjoy its low costs, light traffic and unlikely Rustbelt trendiness.”