In its seventh year, the Chamber revealed the region’s report card at the 2021 State of the Region. The digital session outlined the economic impacts of the COVID-19 pandemic on employment, consumer habits, industry sectors, and more. The report highlights assets, rankings, and the region’s footprint in key industries including aerospace, defense, automotive, and health care.
View slides from the presentation or the full report below.
2021 State of the Region: Reasons for Optimism but K-Shaped Recovery Exacerbates Challenges Ahead
There are some positive economic trends that should give Michigan optimism in recovering from the pandemic. However, the disproportionate K-shaped recovery exacerbates the challenges to robust and equitable economic growth, according to Detroit Regional Chamber President and Chief Executive Officer Sandy K. Baruah.
Quicken Loans’ Chief Executive Officer: Economic Excitement Is Building, Detroit Well Positioned
Quicken Loans’ Jay Farner sees excitement about the economy increasing and thinks the city of Detroit and surrounding region are positioned well in the post-COVID-19 era.
Michigan Business Leaders Share Experiences From 2020: State Of The Region Response
The challenges Michigan business continue to face due to the COVID-19 pandemic are wide and varied. Keeping employees safe, managing technology challenges associated with remote work, and promoting company culture have become even more important over the past 12 months.
