Macomb County recently participated in the Select USA Investment Summit, an event that brings in roughly 1,000 international companies looking to do business in the United States. The conference also attracts economic development officials from across the country who are competing to win the sought after new jobs and investment, which totals $30.7 billion since Select USA first occurred. Overall, our team had a positive experience at the event. And from our conversations with global business leaders, we can tell that Macomb County’s reputation as a great place to do business is growing worldwide.
Our county economic development team participated in Select USA alongside the Michigan Economic Development Corporation and a contingent of roughly 30 economic developers from various regions across Michigan. Over the course of three days, our group met with companies and business groups from four different continents, including Europe, Asia, North America and South America. These organizations were interested in Macomb County because of our capabilities in manufacturing, our strong infrastructure of suppliers and our highly-skilled workforce. Being a logistics hub with a major international airport was also a draw for those looking to locate here. And notably, our county’s reputation as the Arsenal of Innovation and it being home to the Michigan Defense Center was a big draw for the team. We were able to show these companies that our well-equipped economic development toolbox is not only ready to help them get in the door, but to also support them throughout their stages of growth. They also learned that Macomb County is very supportive of business and a great place to live.
As background, pursuing international investment is one part of Macomb County’s comprehensive economic development strategy. The success of this tactic is evident in our increasingly diverse demographics. For instance, nearly one out of every 10 county residents is foreign born and there are more than 80 firms operating here that are headquartered outside of the USA. These international companies are creating great products and paying excellent wages. They include Kuka, Sodecia, Grupo Antolin, Brose and Faurecia, among others. Additionally, Macomb County has facilities for major domestic companies like General Motors, Ford Motor Company, General Dynamics, Fiat Chrysler and Oshkosh Defense. All told, the investments made by both domestic and foreign companies have boosted Macomb County’s economy. Since the end of the recession in 2009, the county has added 80,493 jobs, increasing from 346,216 jobs to today’s total of 426,709 jobs. This astounding growth is a direct result of an effective economic development strategy, and of course, a great business environment.
To see more of Macomb County’s major investments, click here.
Nick Posavetz is an economic development specialist for the Macomb County Department of Planning & Economic Development and is focused on growing, retaining and attracting businesses to Macomb County. To learn what resources are available for your business, reach out to him at email@example.com.