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Q4 2015 Detroit Region Economic Impact Results: Detroit Region Sees $1 Billion in Capital Investment to Close out 2015

The year 2015 finished on an economic high note for Southeast Michigan. The Detroit Regional Chamber’s economic development partners closed projects totaling $1.26 billion in new investment and aided in the creation of 1,528 jobs in the fourth quarter. From global automakers expanding their presence  to small retailers reviving local storefronts, these investment results demonstrate the strength of the regional economy.

John Paul Rea, executive director of the Macomb County Department of Planning and Economic Development, said leveraging the region’s world-class manufacturing assets was key to attracting new investment last year.

“Put simply, the world recognizes the value that the Detroit region has to offer, especially in terms of workforce,” Rea said. “When it comes to advanced manufacturing, we offer an unrivaled density of professional and skilled workers. These talents apply to all phases of product life cycle and are transferable across a variety of industries including aerospace, automation, defense and intelligent mobility.”

Project Highlights:

Company: Global Tooling Systems

Location: Macomb Township

Partner Lead: Macomb County Department of Planning and Economic Development

Investment: $3.6 million

Jobs Created: 75

Choosing Michigan over a competing location in South Carolina, aerospace supplier Global Tooling Systems will construct a 42,000 square foot facility in Macomb Township and add 75 new jobs.

Company: General Motors Co.

Location: Flint

Partner Lead: Flint and Genesee Chamber of Commerce

Investment: $877 million

Jobs Retained: 2,800

Over the next three years, General Motors Co. will invest $877 million in its Flint Assembly, the automaker’s oldest plant in North America. In addition to new equipment and facility upgrades, the investment will go towards the construction of a separate body shop, a critical step in improving production and retaining jobs.

Company: Imperial Fresh Market

Location: Detroit

Partner Lead: Detroit Economic Growth Corporation (DEGC)

Investment: $6.2 million

Jobs Created: 50

Imperial Fresh Market is a 25-year-old family business based in Detroit’s west side. With the help of the DEGC’s “Green Grocer” program, the business was able to double its size, investing $6.2 million in a new deli and pharmacy that will create 50 new jobs.

Editor’s note: Each quarter, the Detroit Regional Chamber aggregates and promotes the investment and job creation results for projects touched by our regional economic development partnership.

The Chamber’s economic development partnership consists of: Ann Arbor SPARK, city of Novi, city of Southfield, Detroit Economic Growth Corp., DTE Energy, Economic Development Alliance of St. Clair County, Flint and Genesee Chamber of Commerce, Lapeer Development Corp., Lenawee Economic Development Corp., Macomb County Department of Planning and Economic Development, Monroe County Business Development Corp., Oakland County Department of Economic Development and Community Affairs, Shiawassee Economic Development Partnership and Wayne County Economic Development.