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...New Insights on the Detroit Region’s Key Industries
Over the past year, the Detroit Region has seen exciting growth in industries like auto & mobility, manufacturing, logistics, and digital technology, amongst others. The DRP team has compiled a snapshot report of the most prominent industry developments, all of...
22 Companies Expand to the Detroit Region in 2023
2023 stands out as an exceptionally successful year for the Detroit Regional Partnership. The Detroit Region saw 22 new attraction projects across the manufacturing, mobility, and technology sectors, which generated over 3,200 new jobs and contributed $1.2 billion in...PART OF 