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"Rehabbed And Ready" Program Aims To Help Stabilize Four Detroit Neighborhoods

Mayor Mike Duggan joined representatives from Quicken Loans, Home Depot and members of the community to announce the “Rehabbed and Ready” program Wednesday. The collaborative public-private campaign will renovate homes, increase occupancy and bring pricing stability to four of Detroit’s neighborhoods: Bagley, Crary/St. Mary’s, College Park, and Evergreen/Outer Drive. The areas were selected because they featured well-maintained homes, but needed a helping hand to increase home price stabilit...

Motor City Match Picks Top Properties For New Businesses In Detroit

One of the challenges of locating your business in Detroit is finding a good building to put it in. Although Detroit has a lot of empty spaces, many (if not most) businesses need a space that’s close to being ready to use. The search for space that is the right fit can be daunting and also can discourage businesses from locating in the city. With that in mind, the Economic Development Corporation of Detroit has approved 27 high-ranking buildings from the first round of the Motor City Match pro...

New Detroit Revitalization Fellows And Kresge Mayor’s Fellows To Help Strengthen Detroit

Almost two dozen community, economic, and civic development organizations around Metro Detroit will soon welcome the 2015-17 Detroit Revitalization Fellows into their ranks. This move will enable the organizations to address critical local and regional issues. The 23 fellows from across the United States, including some from Detroit, were chosen from a pool of over 650 applicants. They will serve two-year appointments at a variety of public and nonprofit organizations focused on the revitaliza...

Detroit’s Bankruptcy Exit Financing Gets Credit Rating from Standard & Poor's

Standard & Poor’s Ratings Services (S&P), one of the nation’s largest credit rating agencies, has issued a solid investment grade credit rating of “A/stable” on $245 million worth of bonds to be offered to the public by Barclay’s. These bonds are financial recovery bonds that were originally privately placed with Barclays Capital Inc. on December 10, 2014, as the city made it exit from Chapter 9 Bankruptcy. The bonds are being used to finance a number of important projects in the city, inclu...

YFS Automotive To Build 150,000 Square Foot Production And Research Facility In Detroit

Here’s something where the state of Michigan beat Ohio… in the business attraction department. 30 acres of vacant industrial property is planned to be acquired by YFS in Detroit, along with building a 150,000 square foot facility to design, test, and manufacture automotive fuel system components. The Detroit site won out over a competing site in Ohio. The facility is expected to employ 50 people when it opens, and up to 160 at full capacity. The YFS building will also have room for a propose...

$5 Million U.S. Department of Labor Grant Supports Job Placement for Detroiters 

The U.S. Department of Labor, the State of Michigan, and the City of Detroit are partnering to strengthen to Detroit’s workforce development efforts. The $5 million federal grant is the first investment in the new program. The partnership will specifically target the populations who have the most difficulty finding employment – veterans, disabled, long-term unemployed, youth, and returning citizens. The grant will help place 1,500 Detroiters in full-time employment. U.S. Secretary of Labor T...

University Of Detroit Jesuit High School Is Building A New $16 Million STEM Center

The University of Detroit Jesuit High School and Academy, the largest and oldest of the three Catholic high schools in Detroit, has broken ground on its state-of-the-art Science and Engineering Center. The center is expected to be completed in August 2016, and it will be the only high school facility of its kind in Detroit. The STEM (science, technology, engineering, and mathematics) center is the largest monetary investment in science and technology at any Michigan high school in recent years...

City Of Detroit Employees Get Unique Mortgage Opportunity

Mayor Mike Duggan has announced a new mortgage program that will make loans, including renovation funds, available to City of Detroit employees. The program will be through Flagstar Bank, and city employees must purchase a home in Detroit through the Detroit Land Bank auction. The good news is that homes should be more affordable than ever. In March, Duggan announced a 50 percent discount on Land Bank homes for city workers, retirees, and their immediate family members. The incentive seems t...

JPMorgan Chase’s $100 Million Commitment Helps Boost Detroit’s Recovery

Just how much can $100 million do for a city like Detroit? JPMorgan Chase highlighted how its $100 million investment in Detroit is being used as fuel for the city’s comeback. The company marked the one year anniversary of its commitment with a groundbreaking to celebrate the continuing redevelopment of Capitol Park. Since May 2014, JPMorgan Chase has put $34 million of its pledged $100 million to work to address some of Detroit’s most pressing problems. The company is working with nonprofit...

Adopt A Park And Help Keep Detroit Lovely This Summer

Warm weather is finally here, which means that families across Detroit will soon be heading towards their neighborhood park. Detroit has over 300 parks. To make sure that the city parks are clean and well maintained, the Adopt-A-Park program will be back in full swing. Last year businesses, churches, and nonprofits maintained 72 Detroit parks. This year, the City of Detroit General Services Department is maintaining 235. With the help from Adopt-A-Park partners, more than 300 city parks will...

Agreement Paves Way For Large Expansion of Detroit’s Riverside Park And Room For Maroun's Bridge

The City of Detroit and the Ambassador Bridge Company have struck and agreement that would enable expansion and improvements to Riverside Park and the exterior of Michigan Central Depot. If the agreement is approved by Detroit City Council, the Ambassador Bridge Co. would transfer 4.8 acres of waterfront property to the city. This transfer will allow the city to expand Riverside Park to the west. The Bridge Co. would also pay the city $3 million to be invested in Riverside Park improvements....

A Story Behind The Scenes Of Buying A Skyscraper And Keeping A Company In Downtown Detroit

One of the things we thought most interesting during the press event was the anecdote Mayor Mike Duggan shared about the behind-the-scenes story on keeping Ally Financial (formerly GMAC) in the city, consolidating their 1,500 person workforce and moving along a deal to purchase a skyscraper with nearly a million square feet in it. We transcribed it and edited very lightly to let the story speak for itself. It’s an illuminating little look that isn’t going to get printed most places, not to men...

Mayor Mike Duggan (Along With Kevyn Orr) Named One Of The "World's Greatest Leaders"

Detroit Mayor Mike Duggan and former Emergency Manager Kevyn Orr share some pretty lofty company, including Tim Cook, CEO of Apple, Mark Zuckerberg the Founder of Facebook,  and the Pope on this one … being named one of the 50 World’s Greatest Leaders by Fortune Magazine. It’s interesting to note as Duggan is the only official who works in government in the United States on the list. Not a single Senator, Governor, House member, or anyone else for that matter who received a vote by the citizen...

50 New Buses Coming To Detroit To Bolster Aging Fleet (WITH VIDEO)

If you think Detroiters don’t use mass transit, you might be in for a surprise. Today we learned a staggering 40% of city households do not even own a car, and they’re currently being served by what even the mayor admits to be “the worst” of the Detroit services. The fact is that for the about last two decades, you haven’t been able to get around reliably by anything but a car around here, or if it has been reliable, it’s very limited service. If you didn’t know, Metro Detroit has two separate...

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