Behind the Deal: How the Detroit Region Landed a Major EV Innovator
When the Detroit Regional Partnership (DRP) received a call from California’s Lucid Motors in August 2023 – it wasn’t by accident. The DRP had been nurturing the relationship for nearly a year and a half. The EV company was considering potential locations for a...
No Speed Bumps on the Detroit Region’s Mobility Transformation
As the Detroit Region turns the page on a tumultuous 2023, the outlook for 2024 brings many reasons for optimism. The U.S. economy appears to be headed for a “soft landing” that has eluded many industrialized countries around the world. Consumers and businesses...Behind the Deal: Fortescue Plans to Invest up to $232.2 Million and Create 600 Jobs with New Detroit Advanced Manufacturing Center
Based in Perth, Australia, Fortescue is the 4th largest iron ore mining company in the world with a market cap of $89 billion and a 2023 net profit of $5.5 billion. In addition to its numerous mining operations, Fortescue owns and operates its own shipping fleet,...The Detroit Regional Partnership Applauds Governor’s Call for an R & D Tax Credit to Spur Economic Development
DETROIT – January 24, 2024 – The Detroit Regional Partnership released the following statement in response to Governor Whitmer’s call in her State of the State Address for an R & D tax credit to drive innovation and attract and retain businesses. “Our lack of an R...PART OF 