Mayor announces new DDA fund to create more deeply affordable housing
FOR IMMEDIATE RELEASEDEGC/DDA Contact: Lanard Ingram, 313-303-8869Lingram@degc.org Downtown Development Authority to provide direct financial support for affordable housing for the first time since it was created by Mayor Young in 1976 Residential developers to be...
DEGC Releases Projected Economic Impact for 10 Proposed Mixed-Use Developments in The District Detroit
For immediate release Contact: Lanard Ingram, 313-303-8869 Lingram@degc.org Projects include Commercial Office, Mixed-Income Residential, Hotel and Retail Projects $1.5B investment would generate $751M in tax revenue for City of Detroit over 35 years City would commit...
The critical role of incentives in Detroit’s economic development
Kevin Johnson, DEGC President & CEO For too many years, blighted and vacant buildings like the former Cadillac Stamping Plant and Michigan Central Station sat as reminders to the world of what Detroit once was, and what it had become. Thanks to tools that enable...
New 450-job Lear auto parts supplier plant to begin rising on Detroit’s East Side
Work begins on new auto parts supplier facility expected to open in mid-2022 to produce parts for GM’s Factory Zero Assembly Facility Lear to prioritize Detroiter hiring similar to successful FCA/Stellantis plant process Detroiters also playing a major role in...
Michigan named a “top state” for new manufacturing jobs and investment; award recognizes projects in Detroit among state’s biggest wins
Powered by the creation of 2,619 new jobs statewide and more than $441.8 million in private investment, Area Development has awarded Michigan a Manufacturing Gold Shovel. The magazine recognized Michigan as a top state for new manufacturing jobs and investments in its...
Michigan, Detroit recognized as top business investment areas in U.S.
Home to more than 1,400 foreign companies with more than 5,000 locations throughout the state, Michigan has been ranked third in the U.S. for foreign direct investment projects, according to Site Selection. Equally exciting, Detroit was selected as the number one...
Detroit Manufacturing Systems continues to support Detroit’s business community
DEGC is dedicated to providing support to Detroit-based businesses. Through our Business Retention & Expansion (BR&E) program – part of DEGC’s Economic Development and Investment Services Team – we promote expansion, workforce development and resources that...
Development of the former State Fairgrounds will bring jobs and opportunity to Detroiters
A goal of economic development in the city of Detroit is to provide jobs for Detroit residents. It is a goal that, under the direction of our Mayor, brings together many partners to facilitate complicated deals that require extensive due diligence on environmental,...