Detroit Regional Partnership Helps Attract $9.4B in Investment Since 2020
Posted By: DBUSINESS on March 24, 2025. For more information, please click here to read the source article.
The Detroit Regional Partnership (DRP), an economic development organization focused on marketing and growing the 11-county region, has released its 2024 annual report centered on attracting jobs and investment.
According to the report, since 2020 the DRP has helped attract 121 projects that created an estimated $9.4 billion in investment and more than 36,500 jobs with an average wage of $68,819 per year.
In its first five years of operations, the organization states it is nearing its 2030 goals of attracting 50,000 new jobs and $10 billion in new investment.
“After five full years, the Detroit Regional Partnership’s accomplishments speak volumes. With corporate, civic, and philanthropic support, we have created a nationally recognized economic development organization and a more vibrant Detroit region,” says Gerry Anderson, chairman of the DRP and former chairman of DTE Energy.
“The DRP has brought jobs and opportunity, helped retain and attract talent, and ultimately led to stronger communities. We are working to build a region where our children and grandchildren can stay and thrive.”
Among the jobs created through DRP-supported projects include nearly 8,000 pathway jobs. These are jobs that do not require a college degree, but provide an avenue to enter and advance through the workforce to pursue higher-paying jobs and careers while strengthening the region’s talent pool.
“Economic development is about bringing jobs and investment to our communities, and we are proud to be promoting the Detroit region to companies around the world,” says Maureen Donohue Krauss, president and CEO of the DRP. “The global market is as competitive as ever.”
“We are committed to working with our partners across all 11 counties to maintain our global automotive and mobility leadership, while nurturing new emerging technologies and industries to attract innovative companies and talent to our home region.”
Highlighted in the annual report are examples of large-scale investments the DRP has supported in the region such as EV startup Lucid Motor’s $10-million R&D facility in Southfield, Niagara Bottling’s $103 million investment in Shelby Township, and a $232 million investment creating 600 jobs from Fortescue, the world’s fourth-largest iron ore producer.
The complete 2024 annual report is available for download here.
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