Stay updated with the latest developments in Detroit, MI finance through our comprehensive news category page. We provide in-depth coverage of local economic issues, trends in the housing market, and the financial landscape affecting residents and businesses in the Motor City. Our articles explore various financial topics, including investment opportunities, taxation changes, small business financial strategies, and personal finance tips tailored for Detroit’s unique economic environment. Readers can find valuable insights on the impact of regional events, community initiatives, and government policies on the overall financial health of the area.
Our Detroit, MI finance news section is designed to keep you informed about critical financial news that directly affects your life. From emerging market trends to expert advice on wealth management, we gather reports from local economists and financial analysts to provide a well-rounded view of the financial ecosystem in Detroit. Additionally, our coverage includes profiles of financial institutions, interviews with local entrepreneurs, and success stories to inspire community growth. Whether you’re a seasoned investor, a small business owner, or simply looking to manage your personal finances better, our news category page is your go-to resource for all things finance in Detroit.
News Summary PepsiCo has announced the closure of its manufacturing operations at the Detroit facility, affecting 83 employees by September 27, 2025. The layoffs will impact various roles while other operations, such as warehouse and sales, will continue. The company will help affected workers with job placement and will maintain
News Summary PepsiCo has announced the termination of 83 employees at its Detroit manufacturing plant as part of a strategic move to streamline operations. The layoffs, effective September 27, impact primarily operations technicians, while some positions in warehouse and sales teams remain. The company has received feedback from local unions
News Summary Recent insights by economists from the University of Michigan reveal that Detroit is projected to experience modest economic growth over the next five years. While the city recovers from previous downturns, sectors such as finance and hospitality may thrive despite challenges in the auto industry. The labor force
News Summary PepsiCo has announced it will lay off 83 employees as it shuts down its Detroit manufacturing plant, effective September 2025. The decision affects multiple workers, with the company providing support and job placement assistance. Despite improved earnings, PepsiCo faces challenges in North American beverage sales, adapting to changing
News Summary Detroit has initiated Round 2 of the Legacy Business Project, providing $310,000 in grants for long-established businesses. The initiative supports firms that have played a crucial role in the city’s cultural heritage for over 30 years. Grants up to $50,000 aim to assist businesses with modernization and operational
News Summary Ally Financial Inc. has announced a commitment of more than $1.6 million in grants to support workforce development initiatives across 57 nonprofit organizations in Detroit and Charlotte. Nearly $1 million will go to 27 organizations in Detroit, like the Boys and Girls Club and the Detroit Economic Growth
News Summary CBD Detroit Apartments, a luxury complex at 313 Park Ave, has entered court-ordered receivership after owner Jonathan Holtzman defaulted on an $84 million loan. With current occupancy at only 81%, significantly below the industry standard, and the local rental market declining due to job losses and remote work
News Summary Detroit is witnessing a significant transformation with the completion of new skyscrapers, the return of the Pistons, and rising property values, suggesting economic recovery. Yet, many long-standing residents feel disconnected from this progress as disparities and poverty remain prevalent. Initiatives like the District Detroit project aim to create
News Summary Detroit has announced the Detroit Startup Fund, a program designed to support local tech businesses with grants up to $50,000. The initiative, backed by $700,000 from the city’s general fund, aims to foster innovation and entrepreneurship within the city, with a focus on startups operating for less than
News Summary The ‘Money Matters for Youth’ program in Detroit is facing a significant fundraising hurdle as it strives to raise $20,000 for an educational trip to Washington D.C. Founded by Gail Perry-Mason, this initiative aims to foster financial literacy among local students aged 8 to 18. The program has
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