The Detroit Region’s business climate offers the workforce, real estate, and affordability to help businesses grow easily. Here are five reasons that demonstrate why the Corporate and Professional Services (CPS) industry is thriving in the Detroit Region.
Dynamic Fortune 500 Companies Lean on Dynamic CPS Businesses
It’s no accident that 19 Fortune 1000 companies — 9 in the Fortune 500 — are headquartered in the Detroit Region. These companies have more than 808,000 employees worldwide and a combined revenue of more than $529 billion (2025). They are supported by a business community with nearly 193,000 corporate and professional service workers.
More Than 753,000 Professionals, and Growing
There are more than 753,000 business, finance, and administrative workers in the Detroit Region, which has increased by 40,000 over the past five years (2020-2024).
Over 31,000 New, Skilled CPS Graduates Every Year
The Region’s colleges and universities provide a strong talent pipeline of talent as more than 31,000 students receive their credentials from corporate and professional services-related programs each year.
Nation’s Top Business and Finance Schools
The Detroit Region, like the state of Michigan, is supported by some of the nation’s leading business schools.
- The University of Michigan’s Ross School of Business ranks #3 in the nation for undergraduate business programs and #6 for its MBA program.
- Michigan State University Broad College of Business is home to the state’s #1 undergraduate finance program, which also ranks in the top 50 nationally.
New and Affordable Office Space
Detroit ranks #2 in the nation for most office space under construction, adding 3.3 million square feet of new office space over the past year alone.
- Hudson’s New Skyscraper in downtown Detroit is a 12-story mixed-use project with 1.5 million square feet of office and retail space, an event venue, hotel, and residential units.
- Michigan Central and NewLab house a Transportation Innovation Zone that encompasses 106 companies and startups with more than 675 employees in the mobility, transportation, logistics, and climate technology sectors.
- JP Morgan Chase’s new Wealth Management Office will employ nearly 240 workers in its 42,000 square-foot office, adding to its 100+ existing branches in Michigan.
Learn more about the Detroit Region’s corporate and professional services industry.
