Print Friendly and PDF

Chamber Releases State of the Region and Forward Detroit Annual Reports

For the first time in over a decade, the Detroit region’s unemployment rate is on par with the national average at 4.6 percent. Private sector jobs also saw growth for the fourth straight year at 2 percent, outpacing the national average growth of 1.9 percent. Those were among the key findings released to more than 350 attendees Wednesday during the Detroit Regional Chamber’s State of the Region luncheon at Cobo Center.

Now in its fourth year, the State of the Region provides an economic overview, both successes and challenges, of the 11-county region and benchmarks it against national peer regions. The report provides an analysis of several key economic indicators including per capita income growth, unemployment, median home values, talent, innovation and foreign direct investment.

While the region continues to experience increased job growth, the report also found that there is still work to do in the areas of education and Detroit’s Community Well-Being Index, a new measurement this year. View the full report here.

In addition to the State of the Region, the Chamber also released its Forward Detroit Annual Report, which highlights the successes of the Chamber’s economic development initiatives including Detroit Drives Degrees, Detroit Promise, Destination Detroit, HealthForward, and MICHauto. Forward Detroit is the region’s premier economic development strategy to ensure Southeast Michigan is educated, employed and healthy to compete in the 21st global economy. The strategy is centered around five pillars – people, talent, community, global connectivity and next-generation mobility. View the full report here.