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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Representatives discussing economic strategies for Detroit.
Business News

Oak Park City Manager Erik Tungate Joins Detroit’s Economic Committee

Detroit, Michigan, December 5, 2025 Erik Tungate, City Manager of Oak Park, has been appointed to Detroit Mayor-Elect Mary Sheffield’s Economic Development Committee. His extensive municipal leadership experience will contribute to the ‘Rise Higher Detroit’ initiative aimed at fostering economic growth and community engagement in Detroit. The committee’s goals include shaping

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Detroit Entertainment Incubator facility for youth education
Business News

Usher and Big Sean Start $1 Million Detroit Entertainment Incubator

Detroit, Michigan, December 5, 2025 Usher and Big Sean are launching the Detroit Entertainment Innovation Incubator with a $1 million investment aimed at empowering local youth through creative and technological education. Set to open in February 2026, the incubator will provide essential resources, mentorship, and funding for aspiring artists and entrepreneurs

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Group of professionals advocating for USMCA in Detroit
Automotive

Detroit Regional Chamber Advocates for USMCA Support

Detroit, Michigan, December 4, 2025 The Detroit Regional Chamber, together with over 500 coalition partners, has expressed strong support for the United States-Mexico-Canada Agreement (USMCA). The agreement aims to preserve tariff-free trade and is crucial for protecting the 13 million American jobs reliant on stable trade with Canada and Mexico. This

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Gas station displaying the gas prices in Michigan during winter
Automotive

Gas Prices in Michigan Drop 15 Cents Over the Past Week

Dearborn, MI, December 2, 2025 Gasoline prices in Michigan have dropped by 15 cents over the past week, bringing the average cost for regular unleaded fuel to $2.96 per gallon. This decrease provides relief for many drivers ahead of winter, potentially boosting local economic spending. Despite the statewide decline, prices vary

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Electric work truck operating in Detroit city
Automotive

Electric Work Trucks Present New Opportunities for Detroit

Detroit, Michigan, December 2, 2025 A former GM executive highlights the potential of electric work trucks amidst a slowdown in the EV market. As GM adjusts its production strategies, there is optimism for Detroit’s economy with the growth of this segment, promising avenues for local businesses and job creation. The introduction

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Abstract representation of trade relations between the U.S. and Canada.
Business News

U.S. Ambassador Hoekstra Advocates Tariffs to Protect American Industries

Detroit, MI, December 1, 2025 U.S. Ambassador to Canada Pete Hoekstra has shifted his stance on tariffs, now advocating their use to protect American industries. This change, aligning with the Trump administration, follows his confirmation as ambassador and comes after earlier criticism of Canada’s response to U.S. tariffs. Canadian officials express

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Liquidation sale signs at Value City Furniture store
Business News

Value City Furniture to Close Multiple Michigan Stores Amid Bankruptcy Filing

Michigan, November 27, 2025 Value City Furniture has announced the closure of several locations in Michigan following its Chapter 11 bankruptcy filing. The affected stores include locations in Ann Arbor, Clinton Township, Dearborn, Lansing, New Baltimore, Novi, and Portage. This move is part of the company’s strategy to realign its market

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Modern house for sale in a vibrant neighborhood
Business News

FHFA Increases Conforming Loan Limits to Aid Homebuyers

Detroit, MI, November 26, 2025 The Federal Housing Finance Agency has announced an increase in conforming loan limits for single-family homes, rising to $832,750 for most of the U.S. This adjustment is designed to support homebuyers amidst fluctuating home prices and mortgage rates, allowing government-backed enterprises like Fannie Mae and Freddie

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Skyline view of Detroit showcasing commercial buildings
Business News

Detroit’s Leading Commercial Property Managers

Detroit, November 25, 2025 Detroit’s commercial real estate sector is witnessing significant growth, driven by leading property management firms. Companies like Bedrock Detroit, CBRE, and Colliers International play crucial roles in leasing and maintaining properties, thereby enhancing tenant relations and driving economic development in the region. Their impact reaches beyond mere

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PepsiCo manufacturing facility with a closed sign
Business News

PepsiCo to Close Detroit Manufacturing Facility, Lay Off 83 Employees

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

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