Economic Development

Credit unions provide ownership and financial empowerment to members, communities they serve

With fair financing, non-predatory loans, and strong community ties, credit unions create empowerment and ownership for their members.

Latest in Economic Development
How Detroit homebuyers can save on a down payment

Buying a home in Detroit? Down payment help is available through grants, loans, and local programs. Here’s how to find the right fit for your budget.

Ryan Yates, dad and Duncan Aviation engine line technician.
Early care and education: A boon for children, families and the economy

Expanding access to affordable, high-quality early care and education could support working parents, strengthen the state’s labor market, and promote gender equity.

Building Futures: How Detroit’s Skilled Trades Task Force helps residents rebuild their lives

The Skilled Trades Task Force is creating real career paths in Detroit, helping residents like Bryan Jones turn setbacks into opportunity.

How two entrepreneurs are bringing health innovation to the Midwest

Two entrepreneurs from Mexico with a history of building successful operations are preparing to move their company, VITIA, to Michigan.

How to pay when buying from someone you don’t know: Keep these tips in mind to help avoid scams

JPMorganChase is sharing tips to help Detroiters protect their money and avoid scams when paying for purchases from people they don’t know or trust.

Dr. Rehab (Ruby) Alhajjar's company is working to reduce waterborne diseases and enhance the overall quality of life.
Global Detroit helps founders succeed from the rural reaches of the U. P. to the farms feeding those in the city

The Global Entrepreneur in Residence Impact Report shows 174 jobs created from the program, and $28.1 million in venture capital has been raised. Moving forward, officials want to see the progress increase and the universities take on a bigger role in propelling that. 

Global Detroit program helps immigrant entrepreneurs grow Michigan’s tech economy

Global Detroit’s Global Entrepreneur in Residence program helps immigrant tech founders secure visas, build startups, and create jobs, fueling innovation and economic growth across Michigan’s expanding tech sector.

From Hamburg to Michigan: How Global Detroit helped a biotech founder stay, work, and build

After immigrating from Germany, Max von Wels co-founded a biotech startup in Michigan. With Global Detroit’s help, he secured a visa and a future in tech.

Community collaborations help coordinate shelter, food, clothing, and other basic needs alongside behavioral health services. Community Action of Allegan County home-delivered meals drivers.
Mental health agencies strengthen services through community collaborations

Across Michigan, community mental health (CMH) agencies are expanding their reach through partnerships with local organizations that address housing, transportation, and other barriers to care. These collaborations aim to create a more coordinated and accessible mental health system, particularly for individuals with complex needs.  

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