Detroit has a history of harboring growing entrepreneurial businesses into global companies, world-class research resources, excellent means of communications and transportation, a pool of high-skilled labor, major league sports and all the other amenities of a major urban center.

The cost of doing business and cost of living in Detroit remains relatively low in comparison to other large urban centers. People working in Detroit can live a lifestyle that would cost $100,000 in Manhattan for about $45,000 here.

• Competitive labor costs (Wage and Salary information)
• Cost of living, location comparisons (Cost of Living Calculator)

While the city and state are still closely tied to the automotive industry, they have made aggressive steps to encourage a more diverse corporate base.