Finance

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.

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Diverse group of Detroit PBS board members in a meeting
Business News

Detroit PBS Welcomes New Board Members to Enhance Leadership

Detroit, Michigan, January 13, 2026 Detroit PBS has appointed three new members to its Board of Trustees—Richard Glover, Colleen Allen, and Alexis Wiley—bringing diverse professional expertise. These appointments aim to strengthen community representation and enhance governance as the station prepares for a significant relocation to a new headquarters in 2025, aimed

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Interior view of Ford factory in Detroit with workers on assembly line
Business News

President Trump’s Visit to Detroit Highlights Economic Issues

Detroit, Michigan, January 13, 2026 President Donald Trump is visiting Detroit, Michigan, to promote U.S. manufacturing, including a tour of a Ford factory. Despite initiatives, Michigan faces economic challenges, with rising unemployment and concerns about tariffs affecting local businesses. The automotive sector remains vital, supporting nearly 600,000 jobs, while investments in

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Luxury fur shop interior with fur coats
Business News

Detroit’s Historic Dittrich Furs Announces Closure

Detroit, January 12, 2026 Dittrich Furs, Detroit’s oldest privately held business, will close after 132 years in operation. The family-owned furrier is currently holding a retirement liquidation sale with a 70% discount on more than 3,000 items. Established in 1893, the store has been a significant part of the local fashion

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Elderly citizens in Detroit discussing Social Security issues
Business News

Michigan Seniors Face Social Security Fund Depletion Challenges

Detroit, Michigan, January 12, 2026 The Social Security Old-Age and Survivors Insurance (OASI) Trust Fund is projected to deplete its reserves by 2033, causing alarm for Michigan seniors and local businesses. Many retirees rely heavily on these benefits, and a reduction could strain their finances and impact consumer spending, particularly affecting

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President Trump addressing attendees at the Detroit Economic Club event.
Automotive

President Trump to Speak at Detroit Economic Club

Detroit, Michigan, January 11, 2026 President Donald Trump is set to address the Detroit Economic Club at the MotorCity Casino Hotel on January 13, 2026. This event marks his third appearance at the club, coinciding with the 2026 Detroit Auto Show. Attendees will include club members and their guests only, and

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Detroit Tigers game at the stadium
Business News

Detroit Tigers Cut Ties with FanDuel Sports Network

Detroit, Michigan, January 10, 2026 The Detroit Tigers have officially terminated their television contract with FanDuel Sports Network, amid ongoing financial challenges faced by its parent company. This decision impacts the Tigers’ local broadcasts for the 2026 season, with Major League Baseball ready to step in to maintain fan access. The

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Diverse servers demonstrating for minimum wage support in Detroit
Business News

Advocacy for Servers to Receive Minimum Wage with Tips in Detroit

Detroit, January 10, 2026 In Detroit, a coalition of servers and activists is pushing for legislation to ensure that servers earn at least the minimum wage, supported by tips. This initiative aims to reform the existing subminimum wage system for tipped employees, providing greater financial stability. With bipartisan support in the

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Construction of affordable housing units in Detroit, Michigan
Business News

Final $3.2 Million Allocated for Affordable Housing in Detroit and Kalamazoo

Detroit, January 9, 2026 The Michigan State Housing Development Authority has allocated the final $3.2 million from the Employer-Assisted Housing Fund to support affordable housing projects in Detroit and Kalamazoo. This funding will help build affordable homes for local workers, promoting homeownership and addressing the pressing housing needs in the region.

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Courtroom scene related to cannabis tax legislation
Business News

Detroit’s Cannabis Industry Opposes New Taxation

Detroit, January 8, 2026 The Michigan Cannabis Industry Association (MCIA) is mounting a legal challenge against Michigan’s new 24% wholesale tax on marijuana, set to impact jobs and economic stability starting in 2026. Industry leaders warn that the tax could lead to substantial job losses, potentially jeopardizing around 47,000 positions statewide.

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Eccalon's new headquarters building along Detroit's riverfront
Business News

Eccalon Moves Headquarters to Detroit, Creating 800 Jobs

Detroit, Michigan, January 8, 2026 Eccalon, an AI and cybersecurity solutions company, has announced the relocation of its headquarters to Detroit, where it plans to create at least 800 new jobs. The company is investing $71 million in The Icon Building, offering wages between $25 to $100 per hour, exceeding regional

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