Economic Development Archives

Lt. Governor Gilchrist II Leads Economic Mission to Europe to Showcase Michigan as a Global Leader in Defense and Aerospace Innovation

by Annie Dubois | Jul 22, 2024 | DRP News, Press Releases

Originally published by the Executive Office of the Governor LANSING, Mich. — Today, Lt. Governor Garlin Gilchrist II kicks off a five-day investment mission in Europe, with a focus on capitalizing on Michigan’s leadership in the defense and aerospace sector. As part...

Expert Insights: Despite recent cooling, industrial real estate demand to remain high with EV and energy storage projects likely to drive future growth

by Annie Dubois | May 22, 2024 | DRP News, Expert Insights

Key Takeaways Industrial real estate and EV markets ‘paused,’ but pent-up demand building for post-election surge. U.S. EV market lagging rest of world but expected to eventually “take off.” Industrial market likely to accelerate after pause, making site readiness...

When It Comes to Perceptions, Sports Are a Game-Changer

by Annie Dubois | Apr 25, 2024 | DRP News, Regional News, Press Releases

Photo Credit: (AP Photo/Carlos Osorio) Development projects worth hundreds of millions or even billions of dollars shouldn’t be influenced by a football game or golf tournament – but the reality is, they are, at least indirectly. Sports showcase a city or...

DRP President & CEO Maureen Donohue Krauss Interviewed on Michigan Matters with Carol Cain

EV startup Lucid Motors gets $6M state grant for Southfield engineering center

by Annie Dubois | Mar 5, 2024 | Press Releases

Originally posted by Crain’s Detroit Business Photo credit: Bloomberg; Signage at a Lucid Studio showroom in Virginia. Lucid Motors’ plan to invest $10 million and create up to 262 jobs in Southfield will be supported by a $6 million state grant. The Michigan...