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Detroit Leaders Discuss Continued Investment in City

There was an air of excitement and confidence in Detroit’s continued path to prosperity this morning as a panel of Detroit leaders representing some of the most influential organizations making a significant impact on the redevelopment of the city took the stage during “Detroit: On the Path to Turnaround,” the first in a two-part discussion on the Motor City.

Panelists including Michigan State Treasurer Andy Dillon; Robert Kurnick Jr., president, Penske Corp.; and Eric Larson, co-managing partner, Bedrock Real Estate Services LLC; joined moderator Sandra E. Pierce, vice chairman, FirstMerit Corporation, and chairman and CEO of FirstMerit Michigan.

The panel consensus was that there has been a combination of systemic change and business development and those are the greatest catalysts for economic success. The panel agreed that there has been a tide change in the culture of the city in both arenas, and investment including those from the participating panel companies has made a significant impact in the central business district. They also agreed that that success is going to continue to migrate out to the neighborhoods and serve those who need it most.

“It’s continuing to get the word out there and demonstrate that there is a change afoot,” said Larson.

This session was sponsored by FirstMerit Bank.