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Why Detroit?
Detroit. A city where revolutionary ideas and businesses come to life. Rated as one of the top 10 cities for economic growth potential, Detroit has the talent, resources and international infrastructure to help new and existing businesses thrive. From innovative thinking to economic success, it all starts here in Detroit.
Top 10
Economic growth potential
Detroit's growth brings tourists. Its economy brings confidence.
133,000
Total engineers statewide
Michigan has the highest concentration of engineers in the nation.
3rd in U.S.
for cities attracting millennials
Detroit was named one of the best places to live for tech entrepreneurs.
Expand or relocate your business in Detroit
Cost of Doing Business in Michigan
Business are coming to Michigan and businesses are expanding their operations here because of a business friendly environment that the Tax Foundation ranks among the best in the nation.
6%
Corporate Income Tax
4.25%
Personal (flat) Income Tax
6%
Sales Tax (+ no local sales tax)
Cost of Living in Detroit
Michigan’s cost of living is 11% below the national average and ranks as the fourth most affordable state in the country.
Washington, DC
Living in Washington, DC is 36% more expensive than living in Detroit. In fact, Forbes rated Detroit as the No. 1 city in America where your paycheck will go the furthest. Detroit's entertainment scene is unmatched with four major professional sports teams, popular theaters and well-known cultural festivals.
Chicago
Living in Chicago is 16% more expensive than living in Detroit, and with everything from urban excitement to the great outdoors, Detroit provides the best of both worlds — including vibrant downtowns, shopping districts and plenty of year-round outdoor activities.
San Francisco
Living in San Francisco will cost you nearly 60% more when compared to living in Detroit. Not to mention Michigan is surrounded by four of the five Great Lakes, boasting more freshwater coastline than California, or any other state for that matter.
Brooklyn, NY
Living in Brooklyn is 52% more expensive compared to living in Detroit. Detroit also offers a lively downtown atmosphere with hundreds of restaurants, a new entertainment district and several world-class museums.
Supply Chain & Infrastructure
Michigan is within 500 miles of nearly half the U.S. and Canadian population and commerce centers providing unparalleled access to market.
$500 Million
in trade crosses between Michigan and Canada daily via the Ambassador Bridge, the busiest border crossing in North America.
20%
of the globe's freshwater surrounds Michigan, the Great Lakes state.
TOP 10
in the nation for road infrastructure with toll-free highways across the state.
18
commercial airports in Michigan, including Detroit Metropolitan, one of the largest U.S. air hubs.
Sources:
Why Detroit:
1. Business Facilities 13th Annual Report
2. Bureau of Labor Statistics
3. Oregon Bureau of Economic Analysis
Cost of Doing Business: Tax Foundation
Cost of Living: Council for Community and Economic Research
Supply Chain:
1. CBC News
2. Department of Environmental Equality
3. U.S. Department of Transportation
4. Official USA
