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June 25, 2013: Detroit Regional Chamber President and CEO Sandy K. Baruah on MOU for Downtown Detroit Events Center District

The Downtown Development Authority board of directors voted in favor of a Memorandum of Understanding for the new $650 million downtown Detroit Events Center District last week. Detroit Regional Chamber President and CEO Sandy K. Baurah released the following statement following the announcement:

“The Detroit Regional Chamber is excited to hear this great news. It’s an important step in the process that will help unify downtown Detroit and Midtown. This is a prime example of the transformative power of the public-private partnerships that are driving the renaissance under way in this great city and region. This is more tangible proof of the very real business and employment opportunities in Detroit’s future, which is important to highlight as the city works through its financial challenges.”

This Thursday: Hungry for Chamber Success? Don’t Miss Membership Maximizer at Buffalo Wild Wings

Whether you are new to the Detroit Regional Chamber or you are a standing member looking for new ways to get the most out of your membership, the Chamber encourages you to attend the Membership Maximizer this Thursday, June 27 from 5:30 to 7:30 p.m. at Buffalo Wild Wings in Detroit. You’ll hear from a panel of veteran members on how the Chamber’s resources have helped take their business and career to new heights. For more information or to register,click here.

Four Michigan Innostate Companies Interviewed by Slate during Roadshow for Growth with GE Capital

The GE Capital and Slate Roadshow for Growth visited Detroit last week during its six-month, 20-city tour addressing the issues of middle market businesses. Four Michigan InnoState companies were interviewed by Slate during the roadshow, including Grand Blanc’s MacArthur CorporationClick here to read that interview or stay tuned to the Slate website for similar interviews with Complete Prototype Services, Omega Plastics and Roush Industries.

The InnoState program seeks to supplement the region’s traditional parts-making economy with a fast-growing community of firms pursuing a different business model and is comprised of regional organizations well-positioned to support the cluster’s development and growth, including the Workforce Intelligence Network, Detroit Regional Chamber, the Michigan Manufacturing Technology Center and the National Center for Manufacturing Sciences.

InnoState is federally funded by the Small Business Administration and the Departments of Commerce, Energy and Labor through the Jobs & Innovation Accelerator Challenge for Advanced Manufacturing. According to research released by the National Center for the Middle Market, mid-sized companies in the Detroit region comprise only 1 percent of total businesses, yet generate 30 percent of total revenue and account for 39 percent of Detroit’s employment. For more information on the roadshow, click here.