Economic Development

One Detroit Credit Union brings two new CDFI branches to serve the underserved, unbanked communities

In an effort to serve the underserved, One Detroit Credit Union is expanding its reach with two new branches, both in shuttered former financial institutions. In doubling-down on their commitment to provide more than banking to Metro Detroiters — these branches offer the community products, services and resources for financial health and wealth building.

Latest in Economic Development
Retail incubators help small businesses test the leap into storefronts

The Farmington Downtown Development Authority has launched a retail incubator that gives emerging businesses access to a storefront through 90-day residencies.

A not-so-radical idea to build healthy communities: Talk to the neighbors

Social capital – those connections that create and empower communities – is on the decline. But neighborhoods can restore it.

Better-off cities see more benefits from data centers than rural areas

Data center development can boost growth and jobs, but these benefits are most pronounced when the local economy is more urban and developed.

A tale of three cities: How small businesses foster U.P. local economies 

Rich histories and tight-knit, hard-working communities drive the U.P.'s economic development.

Under Mamdani, New York will be the first to open a free childcare center for city workers

The center, called The Little Apple, could be a model for other cities exploring ways to make life more affordable for workers.

Gobioff Foundation artist microgrants make major impact

Over five years, Gobioff Foundation has awarded $32,000 in microgrants to 64 artist projects.

U.P. tour helps historical communities build a stronger economic future

Michigan Municipal League travels north to share resources for small business development.

This Michigan nonprofit is brewing success for immigrant entrepreneurs

Immigrant business owners and entrepreneurs can help revitalize and sustain Michigan’s economy.

On-Demand Coaching helps Michigan municipalities and their small businesses build a winning team

Program helps municipalities connect small businesses and entrepreneurs with existing capital and technical assistance. 

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