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July 23, 2014: New Arena District a Big Step in Detroit’s Resurgence; Chinese Foreign Investment Can Bolster Region, State

New Arena District a Big Step in Detroit’s Resurgence

Last week, the Ilitch family unveiled more details regarding the new arena and entertainment district planned in downtown Detroit, showcasing what will serve as another critical step in Detroit’s comeback. The Chamber applauds the Ilitch family for their continued support and investment in the Motor City.

The new arena district is expected to create at least $1.8 billion in total economic impact over several years, 8,300 construction and construction-related jobs, and 1,100 permanent jobs. The recent announcement included the fact that portions of the project have been moved up due to the positive impact on the city and its residents. In addition to creating jobs and investment, the project will better connect downtown with Midtown and reflects the city’s increasing momentum.

To see the Free Press’ coverage of the new arena district, including renderings, click here.

Governor and Former Treasury Secretary; Chinese Foreign Investment Can Bolster Detroit Region, State

Chinese investment provides great opportunity for growth and jobs for Midwest states but further action is needed to ensure Michigan gets its fair share of that development. That was the message as Governor Rick Snyder and former U.S. Treasury Secretary Henry Paulson discussed the need to embrace direct foreign investment from China during a Detroit Economic Club event Monday at Ford Field.

During the discussion, moderated by Chamber President and CEO Sandy Baruah, Paulson highlighted that Michigan should marry its strengths such as world-class research and development and agriculture, to needs in China. The Governor called attention to the need to build strategic relationships with China, increase skilled trades education, and be “loud and proud” about Detroit as a global value option.

The event was held in partnership with The Paulson Institute as part of its series of “American Competitiveness Dialogues” in the United States.

Spend an Evening Network with Mayor Duggan and Chamber Members, Aug. 26

The Detroit Regional Chamber is launching a new series of quarterly Networking Receptions for Chamber members that will showcase the Big Four regional leaders and their senior staff. Each reception will be held in the geographic area the elected leader represents.

The Chamber’s first Networking Reception kicks off in Detroit with special guest Mayor Mike Duggan on Tuesday, August 26 at the Max M. Fisher Music Center. Chamber members are expected to attend for brief remarks from Mayor Duggan and the opportunity to network with the Mayor and his senior staff along with fellow Chamber members and the Chamber’s Board of Directors. To register, click here.

Detroit Three Matchmaking Summit with PMBC Features Gov. at Luncheon, Connects Tier 1 Suppliers with 400 Vendors

The Chamber and MICHauto served as strategic partners for the Detroit Three Matchmaking Summit on Tuesday at COBO Center in Detroit. The event, a Pure Michigan Business Connect supplier summit, brought together the Detroit Three automakers and more than 40 Tier 1 suppliers with 400 Michigan vendors from around the state for pre-arranged, exclusive purchaser-supplier matchmaking engagements to help grow business and the industry.

Hosted by Chrysler Group LLC, Ford Motor Company and General Motors, in partnership with the Michigan Economic Development Corporation (MEDC) and the Chamber, the summit also featured a luncheon speech by Governor Rick Snyder. During the keynote introduction, MICHauto’s Vice President Glenn Stevens praised the Governor for his leadership in developing a statewide automotive strategy to promote, grow and retain the state’s signature industry. To read more click here.

Support the Life-Saving Work at Henry Ford Health System; Attend “Get Your Heart Racing” Fundraiser, Sept. 12

Join Henry Ford Health System and Ford Motor Company for the “Get Your Heart Racing” Pit Party on September 12 at Eastern Market’s Shed 3 to benefit the state-of-the-art Edith and Benson Ford Heart & Vascular Institute. The institute is a metro Detroit heart treatment leader and the annual fundraiser ensures that it can continue its life-saving work.

Chamber President and CEO Sandy Baruah serves as a chair for this year’s event, which is entering its fourth year. In addition to great food, drinks, and entertainment, the Pit Party will also auction off a 50th anniversary Mustang and giving one attendee an all-inclusive VIP weekend for two to the NASCAR Ford Ecoboost 400 Championship race.

To learn more, or to purchase tickets, visit the Get Your Heart Racing website.

IAV President Andy Ridgway to Share Why Michigan is Auto at 2014 MICHauto Summit, Sept. 23

As the undisputed leader in automotive research and development, Michigan is the one place stakeholders must be to thrive in the industry. The Chamber’s MICHauto announced recently that IAV Automotive Engineering President Andy Ridgway will deliver a keynote address on “Global Insight: Engineering Mobility in Michigan” at the 2014 MICHauto Summit on September 23 at COBO Center in Detroit.

Ridgway will share his journey in the automotive industry and highlight why his foreign-owned engineering firm continues to grow and make the decision to be located in the state; providing global perspective on why Michigan is auto. Register today. To view an up-to-date agenda, click here.

Candidate Spotlight – Rep. Wayne Schmidt for Michigan Senate

The primary for Michigan’s 37th state Senate district has been identified as one of the defining races of this election season, and the Detroit Regional Chamber’s Political Action Committee (PAC) Board recently endorsed Rep. Wayne Schmidt (R-Traverse City). Rep. Schmidt’s consistent record on issues affecting the state’s economy and business climate makes him an ideal candidate.

Rep. Schmidt currently serves as chairman of the House Transportation Committee, leading efforts to provide adequate funding for our state’s transportation infrastructure. Previously, he served as chairman of the House Commerce Committee, championing the expansion of the Pure Michigan campaign and supporting new job training programs for Michigan workers. Prior to serving elected office, Rep. Schmidt managed a local small business in Traverse City.

The Chamber supports pragmatic, pro-economic growth candidates that advance Michigan’s reinvention. For a full list of Chamber-endorsed candidates, click here.

Chamber CEO Urges ‘Yes’ Vote on Prop. 1 in Crain’s, WJR’s Frank Beckmann Show

As part of the 2014 Mackinac Policy Conference To-Do Item to eliminate the Personal Property Tax, the Chamber continues to advocate for a “yes” vote on Proposal 1 on August 5. Chamber President and CEO Sandy Baruah highlighted the importance of Proposal 1 to Michigan’s reinvention recently in a guest column in Crain’s Detroit Business.

As Baruah wrote: “Michigan businesses pay an unfair double tax that puts them at a competitive disadvantage with businesses in neighboring states that don’t charge the tax. The PPT also siphons money they could instead put into creating jobs. That will continue unless voters pass Proposal 1 on Aug. 5.”

Baruah also discussed the impact of the job-killing PPT on WJR News/Talk 760’s Frank Beckmann Show last week. For more information on Proposal 1, including how it fully resorts PPT funding to local municipalities, click here.