It is an age-old question. How do you get people with money to invest in places where it is most needed? One answer is Opportunity Zones (OZs). They can help communities in Detroit and Flint grow and prosper. Part of the 2017 Tax Cuts and Jobs Acts, the new economic development tool is designed to incentivize patient capital […]
When Grand River is torn up, there is no doubt plenty of anger, cursing, and all sorts of aggravation from drivers. However, the people really inconvenienced are those whose business are blocked by the construction. Councilman James E. Tate Jr., who represents District 1, has a plan to help his constituents keep their businesses turning […]
You’ve seen them and sometimes turned your head in disgust as you walked by. Empty Detroit storefronts – sometimes with posters in the windows and sometimes all you see is just dirty windows. No matter what, they’re ugly. Well, the City of Detroit’s Planning and Development Department has a plan to use local talent to […]
Henry the Hatter. The name invokes Detroit history as much as J. L. Hudson’s, Michigan Central, and Sanders. Henry Komrofsky, the founder, lived many lives as a Detroit resident – band musician, State of Michigan boxing commissioner, school board member. But it was hats where he made his living, and make it, he did. Henry […]
“We’ve got more strengths than we do weaknesses, the challenge is we’ve got to come together.” Rodrick Miller, President and CEO of the Detroit Economic Growth Corporation We uncovered one key piece of information about Detroit Wednesday during the Detroit Regional Chamber’s 2016 Policy Conference: This city is loud and proud. Why is this […]
Detroit Economic Development Growth Corporation (DEGC) just announced that it is resuming its search for a new president and CEO. Why? Arthur Jemison, who currently serves as director of housing and revitalization for the City of Detroit, regretfully informed the DEGC board that he will be unable to accept its offer, according to a DEGC […]
Mayor Mike Duggan made a commitment to not only make Detroit a small business destination, but ensure long-term entrepreneurial success. The mayor’s programs, in conjunction with the Detroit Economic Growth Corporation, such as Motor City Match and the Motor City Re-Store, are examples of providing grants focused on supporting and investing in businesses long term. […]
On a hot August day in the heart of the East Side, eager business owners, city officials, and members of the press alike gathered on Kercheval Avenue to witness the next round of businesses in the Motor City Match see their dreams come to life. The two-year-old program is a signature small business initiative of […]
It’s not just in neighborhoods where business and economic initiatives take place that Detroiters need seats at the table. On the national stage, input reflecting the city’s needs can contribute to policies that directly impact its future. Detroit Economic Growth Corporation (DEGC) Global Commerce and Foreign Direct Investment Manager Sandra Choi has been named to […]
You’ve got to start somewhere. In Detroit, far too many of our small neighborhood business start-ups launch their business operations with less capital and support than is needed to survive. They are not alone according to Bloomberg, which reports that 8 out of 10 U.S. entrepreneurs who start businesses fail within the first 18 months. Tech Town Detroit is attempting […]