Mayor Duggan reveals new economic development plan - New York News

Mayor Duggan reveals new economic development plan

Posted: Updated:
DETROIT (WJBK) - Mayor Mike Duggan revealed his plan about bringing jobs to the city Thursday.

Duggan calls the area the "innovation district". It's 4.3 square miles and will be a hub for entrepreneurs, but he says the growth will move throughout the city and into surrounding neighborhoods.

"This is the first of what will be several steps that we'll be rolling out over the next six months and creating that entrepreneurial climate," Duggan says.

He says the innovation district will mentor entrepreneurs and accelerate job growth by making it easier to start a business and by reducing the amount of time it takes to start up.

The area is already a host of 55 percent of the city's jobs and Duggan says will ultimately strengthen not only the creative energy in downtown and midtown, but in neighborhoods as well.

"They have an innovation hub here that has provided technical support to startup businesses in Brightmoor and the area around Osborn High School and the like," says Duggan.

Also revealed was the innovation district's new advisory committee, which includes Tech Town President Leslie Smith and committee chair Nancy Schlichting, CEO of the Henry Ford Health System, who says this connection of entrepreneurs across the community will drive positive change.

"If people look back on this day and say, 'Boy, that was a starting point of something very special,' then we will have done our job very well," Schlichting says.

In talks for months now, the announcement comes after a national study released Monday outlined how innovation districts can support metropolitan economies. Detroit was one of seven cities studied.

'What's happening here today really reflects the shifting geography of innovation in our country and around the world. And, if you do this right, you're going to have the potential to grow more and better jobs in a truly inclusive economy," says Bruce Katz of Brookings Institute.

With 15,000 jobs and 50 new companies added to the downtown area in the last 18 months, Duggan says this district is just more fuel to power economic growth.

"My first six months was focused on improving the city services and getting the busses to run on time, and the ambulances on time, and getting the lights on. My second six months is going to be focused on creating the atmosphere for entrepreneurs to believe this is the place to come," Duggan says.


  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
  • Local NewsLocal NewsMore>>

  • Crash in Lincoln Tunnel causes major delays

    Crash in Lincoln Tunnel causes major delays

    Tuesday, September 2 2014 3:06 PM EDT2014-09-02 19:06:51 GMT
    One of the tubes of the Lincoln Tunnel was closed for nearly four hours after a chain-reaction accident involving a New York-bound jitney bus and two other vehicles. Port Authority of New York and New Jersey spokesman Steve Coleman says three people were reported injured in the accident in the center tube at about 8:30 a.m. Tuesday.
    One of the tubes of the Lincoln Tunnel was closed for nearly four hours after a chain-reaction accident involving a New York-bound jitney bus and two other vehicles. Port Authority of New York and New Jersey spokesman Steve Coleman says three people were reported injured in the accident in the center tube at about 8:30 a.m. Tuesday.

  • $1M Powerball ticket sold in NJ set to expire

    $1M Powerball ticket sold in NJ set to expire

    Tuesday, September 2 2014 2:23 PM EDT2014-09-02 18:23:45 GMT
    State lottery officials say a Powerball ticket worth $1 million that was sold at a northern New Jersey convenience store last year will soon expire.
    State lottery officials say a Powerball ticket worth $1 million that was sold at a northern New Jersey convenience store last year will soon expire.
  • Princeton worker told to choose medical pot or job

    Princeton worker told to choose medical pot or job

    Tuesday, September 2 2014 2:19 PM EDT2014-09-02 18:19:48 GMT
    A Princeton University employee says he has been told to choose between medical marijuana and his job.
    A Princeton University employee says he has been told to choose between medical marijuana and his job.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices