The Final Four is one for the history books. It’s too bad Michigan State didn’t bring the championship title home but they captured much attention and the team had a lot to be proud of. So did the City of Detroit and the Detroit region. The Spartans, the city and the region embraced the moment and were thankful to have the unique experience of being both a player and host of a Final Four championship. When the game was over, MSU players and Coach Tom Izzo talked about the thrill of being part of this. “Programs are bigger than teams and we'll bounce back," Izzo told reporters.
The same is true for the City of Detroit and the Detroit region. The economy is challenging, the auto industry is undergoing a massive transformation, new work is hard to find and foreclosures are abundant. Detroit faces serious challenges but, like the Spartans, it is tough, resilient and will bounce back as it continues to reinvent itself for the 21st century.
Like all big cities, Detroit has been facing serious challenges and is at the tipping point of being able to benefit from its stress. The region knows how to make and move things and is harnessing its diverse talents, opportunities and natural resources to recreate its future.
Even in challenging times, the region is the economic powerhouse for the state of Michigan (MI) and the nation, ranking 7th in total number of business establishments nationally. Detroit is the strongest link in the longest common border in the world, between the U.S. and Canada, and trade between Ontario and MI is more than $100 billion annually.
The Detroit region has the elements to become a world-class aerotropolis—two major airport facilities, over 25,000 acres of developable land, supportive community leadership and the intellectual capital of three research universities. The University Research Corridor (URC) leverages the intellectual capital of these universities and generated $13.3 billion in new earnings and 69,285 jobs in 2007. Additionally, emerging sectors have brought in over $1 billion in new investment in Oakland County.
The Detroit Regional News Hub, as the central communications clearing house for information on Detroit, gets reporters the information they need to cover their stories. It connects reporters to experts on issues from the region’s growth to the quality of life and education. While it is not the spokespeople for Detroit or the region – they've got connections!