$311 million in Tax Increment Revenue Refunding Bonds (2018 Bonds) were issued Dec. 12, 2018
Poodle Poodle Dress Lounge owner, Raeshawn Bumphers, is welcomed into the city with the Spirit of Detroit award
Shop local this season with DEGC Holiday Gift Guide
LINC Opens Logistics Center
In 2015, LINC, part of the Moroun-owned Universal Truckload Services, announced plans to open a new $30 million, 500,000-square-foot logistics center on Detroit’s east side.
Flex-N-Gate Locates Assembly Plant In Detroit
In the Mt. Elliott Corridor Flex-N-Gate Detroit, LLC is planning a $100 million investment for a 350,000-square-foot industrial manufacturing facility.
Ally Financial Consolidates Offices To Downtown Detroit
In 2015, Ally Financial announced it would be moving into One Detroit Center. The office tower, renamed Ally Detroit Center under a 12-year lease, now houses 700 employees moved from the Renaissance Center and 600 employees from other southeast Michigan locations.
LITTLE CAESAR'S HOCKEY ARENA
Little Caesars Arena Anchors District Detroit, Pistons Return
Located in the Heart of Downtown Detroit and accessible by the Q-Line Streetcar as well as public and regional bus systems, the Little Caesar’s Hockey Arena is a catalytic development project.
Development of East Riverfront Ongoing
DEGC managed the creation of the 2003 East Riverfront Plan that envisioned the transformation of the district from obsolete industrial land to a mixed-use development.
Sakthi Expands Detroit Plant
In August 2015, Sakthi Automotive Group announced it was planning a $31.9 million expansion of its Detroit plant. The project is expected to create 350 new jobs, according to the Michigan Economic Development Corp.
ArcelorMittal Opens Detroit Manufacturing Plant
In 2016, ArcelorMittal Tailored Blanks Americas Corporation, a subsidiary of the Luxembourg steel producer ArcelorMittal, announced its intention to spend $83 million to set up a new manufacturing plant in Detroit and create at least 120 jobs over five years.
Green Grocer Assists Local Stores
The Green Grocer Project aims to increase fresh, healthy, local affordable food for Detroit’s residents, while simultaneously stimulating investment in the city’s neighborhoods. Since the program launched in 2010, it has successfully supported investments to expand local food access through grants and the leveraging of private capital.
D2D Encourages Local Spending
Over the course of three years, D2D participants have reported an aggregate increase from $550 million to $925 million in their purchases from Detroit-based businesses, nearly reaching the goal of $1 billion in Detroit-to-Detroit business spending.
Fortune 500 Company Adient Locates Headquarters In Detroit
Adient purchased the 10-story, 164-square-foot Marquette Building as well as a nearby parking garage. The company will invest a total of $97.8 million in their move, including $50 million to renovate the building.
Reports and Publications
With a solid infrastructure, plenty of space, major recent investments, and an influx of innovators, Detroit is a smart choice.
With high-capacity infrastructure, skilled workforce, and international gateway, your business can flourish in Detroit.
Detroit has an abundance of office site opportunities throughout the city.