Fifth Third Commits $7.6B in Michigan to Drive Community Impact, Economic Mobility
Fifth Third today announced a five-year, $7.6 billion commitment to drive community impact and economic mobility in communities across Michigan following the completion of its merger with Comerica. The Michigan commitment is part of Fifth Third’s Building Stronger Communities Commitment across new and expanded markets in Michigan, Texas, and California. It prioritizes low- and moderate-income communities and includes new place-based community and economic development investments in communities such as
APACC’s ‘Blood of the Dragon’ Fosters Business Relationships
Eileen Tu’s parents moved to the U.S. shortly after World War II, looking for a better life for themselves. Her father came with $2,000 in his pocket seeking an education. He waited tables in New York City, trying to save as much money as he could to earn a degree. It worked; he ended up getting a PhD in chemistry Tu’s mother, who was just 18 at the time, came from Hong Kong with her widowed mother. She finished high school here and did go to college in New York City. Tu’s mom and dad met in New York and
Gilbert Pledges $1 Billion to Transform Detroit’s Renaissance Center and East Riverfront
DETROIT (PRNewswire) — Dan Gilbert, founder and chairman of Rocket Companies and Bedrock, pledged approximately $1 billion in development capital to form a new nonprofit organization that will redevelop, own and operate the Renaissance Center and surrounding east riverfront district. As a result of this philanthropic gift, believed to be the largest contribution to a non-profit redevelopment initiative in the history of American cities, Gilbert and his companies will receive no profits from the
Automation Alley in Troy Awarded $7.5M Contract to Advance Additive Manufacturing
Automation Alley in Troy has been awarded a Phase I $7.5 million Task Order with a Base and Option under the Industrial Base Analysis Sustainment (IBAS) program, administered through the National Center for Defense Manufacturing and Machining (NCDMM) IDIQ. The contract supports the U.S. Army’s efforts to modernize defense supply chain sustainment through secure, distributed additive manufacturing (AM), also known as 3-D printing. Under this first phase, Automation Alley will lead the design and validation
Detroit’s Greektown Completes $20M Monroe Streetscape Transformation Project
The Greektown Neighborhood Partnership (GNP) has completed its $20 million Monroe Streetscape Project in downtown Detroit, creating a more pedestrian-friendly environment and enhanced public spaces. The project, which covers three blocks of Detroit’s historic Greektown district, also included landscaping, expanded patio dining, and amenities that support family-friendly events and activities. “Today marks an exciting new chapter for Greektown and the vision our community has worked toward for years,” says
22 global economic takeaways from IMF–World Bank meetings in Thailand
The 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group began on October 12, 2026, at the Queen Sirikit National Convention Center in Bangkok and are due to close officially on October 18. Global financial and fiscal leaders have held intensive discussions on a range of major economic issues throughout the past week. Bangkokbiznews has compiled 22 key takeaways from the discussions and presentations at the meetings. 1. Asia remains a main engine of global growthThe IMF
$500,000 in Grant Funding Available to MI Small Businesses for Enhanced Worker Protections
MIOSHA Announces $500,000 in Grant Funding Available to Michigan Small Businesses for Enhanced Worker Protections LANSING, Mich. — Small businesses in Michigan with 250 employees or fewer can now apply for a Michigan Occupational Safety and Health Administration (MIOSHA) matching grant up to $5,000 to purchase equipment and associated training they need to improve the safety and health of their employees. The MIOSHA Workplace Improvement to Safety and Health (MIWISH) grant program offers a
Business Activity Passes 5-Year High: Report
U.S. business activity reached a more than five-year high in September, but the resulting activity appears to be straining supply chains and causing higher prices. Reuters reported that S&P Global said on Wednesday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased to 58.4 this month, its highest level since July 2021 and higher than the 56.0 reading registered in August. A reading above 50 indicates expansion in the private sector. The rise in the
Detroit Gets New Economic Development Chief
Olga Stella, a veteran of the economic development scene around metro Detroit, is the city’s new Chief of Economic Development and Workforce. Stella was appointed by Detroit Mayor Mary Sheffield earlier this month. According to a release from the city, Stella has spent her career as a leader in economic and business growth, community revitalization, and Detroit‘s creative economy. Most recently, she served as Vice President of Strategy and Communication at the College for Creative Studies, where officials
Investment Mission to Taiwan
FOR IMMEDIATE RELEASESeptember 17, 2026 Contact: press@michigan.gov Gov. Whitmer Leads Investment Mission to Taiwan, Building on Strong Partnership to Bring Jobs and Investment to Michigan Governor’s third visit to Taiwan focuses on semiconductors, drones, robotics, and manufacturing LANSING, Mich. – Today, Governor Gretchen Whitmer continues her investment mission in East Asia, transitioning from South Korea to Taiwan to build on Michigan’s growing economic relationship with the region and pursue new
Investment Mission to South Korea
FOR IMMEDIATE RELEASESeptember 14, 2026 Contact: press@michigan.gov Gov. Whitmer Leads Investment Mission to South Korea, Competing for New Opportunities for Michigan Businesses Mission will strengthen relationships in shipbuilding, semiconductors, robotics, drones and future mobility while building on Michigan’s longstanding engagement across the region LANSING, Mich. – Today, Governor Gretchen Whitmer kicked off an investment mission to South Korea, where the governor and Team Michigan delegation
