Economy

Stay informed with the latest updates on the Detroit, MI economy, a hub of innovation and industry. This news category page offers comprehensive coverage of economic developments, job market trends, and business growth in Detroit. With a focus on the automotive industry, manufacturing advancements, and entrepreneurial ventures, readers can explore how these sectors influence the local economy. Stay ahead of the curve with insightful articles on economic policies, investments, and initiatives that shape Detroit’s financial landscape.

Discover the impact of local government decisions, community redevelopment projects, and workforce initiatives on the economy of Detroit, MI. This page features in-depth analyses and expert opinions on key economic indicators, such as unemployment rates, housing market fluctuations, and consumer spending trends. Whether you’re a business leader, investor, or resident, our curated news coverage provides essential information to navigate the evolving economic environment in Detroit. Stay connected with the stories that matter most to the economic future of one of America’s most resilient cities.

[the_ad id="5591"]
Vibrant lottery ticket symbolizing a Detroit man's lucky win.
Breaking News

Detroit Man Wins $25,000 a Year for Life in Lottery

News Summary A Detroit resident, Micale Garland, has won $25,000 annually for life from the Lucky for Life lottery. Opting for a lump-sum payment of $390,000 instead of annuity payouts, Garland thought the win was a prank. After regularly playing the lottery online, he matched the drawn numbers and plans

Read More »
Solar panels in an urban neighborhood
Breaking News

Detroit Unveils Solar Energy Project for Eastside Neighborhoods

News Summary Detroit has announced plans to convert 61 acres in two eastside neighborhoods into solar arrays, part of a larger initiative covering 165 acres across five communities. The solar panels aim to generate clean energy, offsetting electricity usage for 127 municipal buildings. The city is committed to increasing its

Read More »
Community land trust housing in Detroit with residents engaged in activities.
Breaking News

Detroit City Council Allocates Funds for Community Land Trust

News Summary The Detroit City Council has earmarked $3.7 million in its 2026 budget for a community land trust to combat the city’s affordable housing crisis. Community land trusts are seen as a sustainable solution for rising housing costs, ensuring long-term affordability by acquiring land and leasing it to residents

Read More »
Construction site for affordable housing in Detroit
Breaking News

Detroit Struggles to Meet Affordable Housing Goals

News Summary Detroit is facing an affordable housing crisis, with only 900 of the targeted 2,000 new multi-family affordable units completed by 2023. Despite ongoing construction of over 1,400 units, a report highlights a need for an additional 46,000 affordable units. Mayor Mike Duggan emphasizes investment initiatives and a new

Read More »
Aerial view of homes in Detroit showing varying property values.
Breaking News

Detroit Examines Independent Study on Property Assessments

News Summary Detroit is re-evaluating its property tax assessments amid a recent study by IAAO which found no evidence of systemic over-assessment in the city. City officials argue that this contradicts previous claims from critics, particularly a University of Chicago study. While the city asserts its property assessments remain compliant

Read More »
Spring weather in Metro Detroit with clouds and sun
Breaking News

Metro Detroit Weather Forecast for the Week Ahead

News Summary Metro Detroit is set to experience temperatures in the 70s on Thursday, May 1, 2025, with scattered showers and possible thunder. Overnight lows on Wednesday will be in the upper 40s, leading into a warm but slightly wet day. Friday will be mostly dry but cloudy, while Saturday

Read More »
Candidates discussing Detroit's future at a mayoral forum
Breaking News

Detroit Mayoral Candidates Focus on Economic Development and Education

News Summary During a recent mayoral forum in Detroit’s west side, five candidates, including City Council President Mary Sheffield, presented their plans on crucial issues like economic development, education, and neighborhood improvements. The candidates emphasized the need for more action and less political campaigning, discussing proposals to enhance workforce development,

Read More »
Barry Goodman receiving the Jessie P. Slaton Award at a ceremony.
Breaking News

Barry Goodman Receives Jessie P. Slaton Award for Justice

News Summary Attorney Barry Goodman, co-founder of Goodman Acker, was honored with the Jessie P. Slaton Award for his dedication to justice at the DABO’s recent annual dinner. This award celebrates individuals who contribute to justice, equity, and community service. Goodman’s acceptance speech highlighted the legacy of civil rights pioneer

Read More »
A frosty morning landscape of Metro Detroit in spring
Breaking News

Frost Advisory Hits Metro Detroit: Weekend Weather Update

News Summary Metro Detroit residents are advised to brace for a temperature drop this weekend with a Frost Advisory in effect from 2 a.m. to 8 a.m. Sunday. As temperatures dip close to freezing, it’s important for gardeners to protect sensitive plants. While Saturday night may be chilly, Sunday promises

Read More »
Panoramic view of Detroit Riverfront with community members.
Breaking News

Detroit Riverfront Scandal: Former CFO Sentenced

News Summary Detroit faces a significant crisis following the embezzlement scandal involving former CFO William Smith of the Detroit Riverfront Conservancy. Sentenced to 19 years in federal prison for stealing over $44.3 million, Smith’s actions have raised serious concerns about trust and accountability within local nonprofits. The fallout of the

Read More »

Here Detroit

Would you like to add your business to our site?

Sign up for our Newsletter

WordPress Ads