On June 10, 2024, the Detroit Regional CEO Group penned a letter to the Michigan House and Senate leaders voicing their strong support on passing HB 5768-5770, SB 559, and SB 562, which would collectively overhaul the state’s current Strategic Outreach and Attraction Reserve (SOAR) Fund and would invest in more business attraction, affordable housing, community revitalization, and transit projects.
While the Detroit Regional CEO Group does not believe this package is a silver bullet that will solve all the challenges we face as a state, it is a serious and important step toward a long-term, cohesive economic development strategy that will span administrations and make the state more attractive and competitive.