Mayor, DEGC announce $14.5 million in grants to move five key neighborhood developments forward
The Detroit Economic Growth Corporation (DEGC) has been awarded $14.5 million from the Michigan Economic Development Corporation (MEDC) through the Revitalization and Placemaking (RAP) 2.0 program The grant will provide gap financing to support five major mixed-use...
Mayor Duggan joins city officials, developers to celebrate the grand opening of brand-new multi-use apartment building at 655 W. Willis in Midtown
The development includes 36 units of housing, nine of which will be reserved for households with incomes up to 80% of the area median income Project constructed to bring additional housing to the Midtown neighborhood DETROIT (Nov. 13, 2023) – Mayor Mike Duggan and...
American Black Journal – The state of Black Real Estate Development in Detroit
https://www.degc.org/wp-content/uploads/2023/03/EN6jmWs2de-podcast-promo-kenyetta-degc_web-720p.mp4 DEGC Executive Vice President of Economic Development and Investment Services Kenyetta Hairston-Bridges recently joined American Black Journal host Stephen Henderson...
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...