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Michigan Strategic Fund Approves Amazon’s Romulus Fulfillment Center, Other Business Expansions

A wide range of projects including business expansions and community revitalization projects in metro Detroit and mid-Michigan has received approval from the Michigan Strategic Fund (MSF) today. The projects are expected to generate a total capital investment of nearly $560 million and create 2,821 jobs.

RE/MAX of Southeastern Michigan Launches Housing Report, Metro Detroit Home Sales Increase

RE/MAX of Southeastern Michigan today launched the RE/MAX Housing Report, a monthly report covering housing market trends for Livingston, Macomb, Oakland, and Wayne counties. Each month, RE/MAX will track home sales, median sales prices, days on the market, and housing inventory for the southeast Michigan region.

Hayman Co. Acquires Troy Officecentre Near I-75 for $55M

Southfield-based real estate company Hayman Co. today announced the acquisition of the 732,000-square-foot Troy Officecentre for $55 million. Following the sale, Hayman will manage and lease the center and oversee the construction of nearly $10 million in building enhancements, significant signage improvements, and exterior property upgrades.

HBA Reports Best Yearly Start for New Home Permits Since 2006

A total of 2,054 single-family permits have been issued in the first five months of this year, creating the best start to a year for new home permits in the four-county area since 2006 (3,248 permits). These findings are based on residential permit data collected by the Home Builders Association of Southeastern Michigan (HBA) reported in their June 2017 New Housing Permit Forecast.

Duo Security Partners with Security Vitals

Cyber security providers Ann Arbor-based Duo Security and Pontiac-based Security Vitals today announced a partnership that will provide Duo’s two-factor authentication (2FA) technology to Security Vitals customers. This will make implementing 2FA easier for IT administrators and customers.

Inaugural Verve Trade Show to Connect Local Fashion Designers, Buyers

Detroit Garment Group (DGG) and the Pure Michigan Business Connect (PMBC) today announced Verge, a collaborative and inclusive fashion trade show slated for Aug. 7-8 at the Garden Theater in Detroit’s Midtown district. The event will showcase the latest apparel and accessories from contemporary luxury to streetwear for men, women, and children.

Little Caesars Expands to South America, to Open 31 Locations in Chile

Detroit-based Little Caesars Pizza today announced an international expansion with its first South American restaurant located in Santiago, Chile. As the country sees an increased demand for carry out, Little Caesars plans to capitalize on their Hot-N-Ready model with plans for 30 additional locations throughout Chile this year.

Cheryl Bush to Lead Oakland County International Airport

Oakland County Executive L. Brooks Patterson today announced Cheryl L. Bush will replace Karl Randall to manage Oakland County International Airport following Randall’s retirement. Bush will be the first woman to manage the airport when her tenure begins on July 12. 

Jennifer Gilbert Named Chair of Board of Governors for Cranbrook Academy of Art and Art Museum

Bloomfield Hills-based Cranbrook Academy of Art today announced Detroit activist, art community leader, and non-profit executive Jennifer Gilbert as new Chair of the Cranbrook Academy of Art and Art Museum Board of Governors beginning July 1, when she will also join the Board of Trustees for Cranbrook Educational Community

Report: Vehicle OEMs to Collaborate for Technology Growth

According to the latest report from growth partnership company Frost & Sullivan, government mandates on emission and safety drive innovation are pushing original equipment manufacturers (OEMs) to make major investments and collaboration efforts in six fields: powertrain; chassis; safety; comfort; connectivity; and EV technology.

HyperX Announces Fan Day with NBA Player Jonas Jerebko at Somerset Collection’s Microsoft Store

HyperX, a gaming division of Kingston Technology Co. Inc., today announced a fan gaming event with professional basketball player Jonas Jerebko of the Boston Celtics. The event will be held at the Microsoft store at the Somerset Collection in Troy from 12-2p.m on July 9.

Rise of the Rest Investment Competition Coming to Ann Arbor

Investor Steve Case, co-founder of AOL and chairman of Washington, D.C.-based capital investment firm Revolution, today announced his sixth Rise of the Rest startup road tour will travel to Ann Arbor on Oct. 11.

Bridge Agreement Earmarks $48M for Job Training, Neighborhoods in Detroit

The City of Detroit today announced an agreement with the State of Michigan to sell 36 city-owned parcels of land, underground assets, and approximately five miles of city streets for a total of $48 million to make way for the planned Gordie Howe International Bridge. The city will use the funds for neighborhood redevelopment, job training, and health monitoring for Detroit residents.

The Great Race Across America Heads to Michigan

The Great Race, a control-speed competitive road rally for antique, vintage, and collector cars, will begin on public highways on Saturday in Jackson, Fla. Drivers will travel 2,300 miles along the Dixie Highway with stops for sightseeing along the way. The grand finish is in Traverse City on July 2, where the winner will be announced.

Detroit’s Huron Capital Completes 7 Acquisitions, 3 Exits, 1 Dividend Recap

Detroit-based Huron Capital, a private equity firm, today announced the firm has completed seven acquisitions, three exits, and one dividend recap since the start of the year across three different industry sectors: business services, consumer, and specialty manufacturing.
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More »From the Magazine

PDA: Q&A Craig Erlich

Senior Vice President and General Manager, Detroit and Nashville, George P. Johnson Experience Marketing

Hi-Fi to Wi-Fi

A technology firm in Dearborn is a harbinger of cutting-edge digital systems and services.

Moving the Metal

Metro Detroit has the highest lease rate of cars and trucks in the nation — a market condition that challenges dealers and automakers to move vehicles at sometimes-reduced profit margins.

Wheels Up

Brute Force

Aftermarket equipment for the 4WD industry spreads its wings.

Opinion: Setting the Pace

A new alternative-financing program to develop the commercial property industry is driving economic growth in Michigan.

Heart Smart

Pow! Bang! Splat!

How the geek culture movement, ex-pat artists, superhero movies, and children weary of video games are propelling local comic shops to new heights.

iGo, You Go

A global navigation provider based in Birmingham taps the domestic auto industry.

Renaissance Man

Birmingham native partners with Google and launches Sidewalk Labs.

Compendium News Links More »

The Outside Media Opine on the Motor City

Technology That Breaks the Car Industry Mold

Source: The Wall Street Journal

Charged for Battle

Source: Bloomberg Businessweek

Another Chance for Alfa Romeo

Source: Financial Times

Whitacre's Crash at General Motors

Source: Financial Times

Dome Sweet Dome

Source: Bloomberg Businessweek

Detroit, Part One

Source: The Polis Blog

Detroit's Class Act

Source: Fortune

Thinking About Shrinking

Source: The Economist

Can China Save GM?

Source: Forbes Magazine

Hard Choices: Domino's CEO J. Patrick Doyle

Source: Bloomberg Businessweek

Ed Whitacre's Battle to Save GM from Itself

Source: Bloomberg Businessweek

Alan Mulally’s Asian Sales Call

Source: Bloomberg BusinessWeek

Signs of Hope

Source: NYTimes.com

25 Best Places to Retire

Source: CNN Money

Mayor Courts Resistance in Detroit

Source: The Wall Street Journal

The Triumph of Optimism

Source: Economist.com

Henderson's Strategy to Fix GM

Source: Businessweek.com

Mayor Courts Resistance in Detroit

Source: The Wall Street Journal online

How Marchionne Will Run Fiat-Chrysler

Source: Businessweek online

The Waxman-Pelosi Follies

Source: The Wall Street Journal Online

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