Headquarters

Middle Office

Back Office

LinkedIn [Silicon Valley], Alpine Electronics [California], Truck-Lite [New York], and Emabond Solutions [New Jersey], have all chosen to relocate their headquarter operations to the Detroit Region. These companies are taking advantage of the region’s low business costs and nationally recognized educational institutions, which provide exceptional talent and global connectivity. In addition, the Detroit Region has emerged as an ideal location for middle and back-office companies, such as Concentrix, DialogDirect, and Rock Connections, who increasingly help grow the bottom lines of regional businesses. The Detroit Region is well suited to help the world’s leading professional services companies position themselves for growth and a sustainable future.

Businesses

%

5-Year Historic Growth

Industry Sales

Workers

%

5-Year Forecasted Growth

Business, Law, Management, Marketing, and Related Degrees Conferred

Average Wages

[Equal to national average]

The Detroit Region’s corporate and professional services wages are 30% lower than in New York and San Francisco

Nearly a million square feet of office space was added 2016-2018, with an additional 2.6 million under construction

The average rent for Class A is $22.52 per square foot, significantly lower than Chicago

daily flights to 17 countries on four continents, including 140+ non-stop routes from world-class Detroit Metropolitan Airport [DTW]

Fortune 500 companies

daily flights to 17 countries on four continents, including 140+ non-stop routes from world-class Detroit Metropolitan Airport [DTW]

CORPORATE AND PROFESSIONAL SERVICES INVESTMENT SPOTLIGHT

LinkedIn Chooses Detroit for First New United States Office in 10 Years

LinkedIn, the Silicon Valley-based social media company, has selected the city of Detroit for its first new U.S. office in 10 years. The company has 74,500 square feet of space on Woodward Avenue. It will grow from its current 40 people to up to 150 in the next year, possibly expanding more in the future. The tech company was founded in 2003 and was bought by Microsoft for more than $26 billion in 2016.

“Why Detroit? After evaluating more than 10 U.S. cities, we chose Detroit because we believe the Motor City presents a unique opportunity for LinkedIn to hire top talent and be a part of an exciting economic turnaround story.”

-Mike Gamson, SVP, LinkedIn

Sources: U.S. Census Bureau, U.S. Bureau of Labor Statistics, EMSI, U.S. News and World Report, Fortune, C2ER, CoStar, Wall Street Journal, Detroit Regional Chamber Note: Peer regions include Chicago, Cleveland, Columbus, Indianapolis, Minneapolis, Pittsburgh, and St. Louis. BEA