In case you missed it, business is booming in the Motor City.
“From Midtown to the Riverfront to East Side and West Side neighborhoods, Detroit is experiencing a remarkable economic renewal. This growth is due in part to significant corporate investments and public-private projects, but it’s also Detroit’s small businesses, entrepreneurial ventures and neighborhood enterprises that are driving the city’s recovery and economic progress.”
And global business leaders are taking notice.
Earlier this year, the Kresge Foundation commissioned Baltimore-based FTI Consulting to survey more than 300 senior business leaders at midsize to large, U.S.-based, global companies. Among the study’s findings:
- 84% were convinced Detroit would become great again
- 72% rate Detroit as an excellent or good investment opportunity
Peter Corrado
AuthorRelated Posts
Single Family or Multifamily Real Estate Investing: What’s right for you?
For those considering, and those already deeply involved in real estate investing, the question of which is a better option;...
1031 Exchange and What it Means For Real Estate Investing
What is Section 1031? Whenever you have a gain on the sale of a real estate investment property, you generally have to pay tax...