New study shows Detroit poised to create 66,000 new jobs and increase economic activity
The Detroit Regional Chamber and Michigan State University have unveiled a strategic plan to build the region into a global supply chain hub. The region stands to gain 66,000 new jobs and increase economic activity $10 Billion over the next ten years by implementing the strategy developed, which advocates capitalizing on the existing infrastructure and assets as well as the location of the region to build the area into a supply chain hub.
The region has long been a leader in manufacturing, which has led to a strong supply chain presence, is strategically situated on the U.S. Canadian border and is the busiest international border crossing. Furthermore, many of the assets are already in place including air, rail, truck and water capabilities and a highly skilled workforce. Combined the region can offer shippers and companies a high level of value in designing and routing their supply chains in the region.
The study, sponsored by the New Economy Initiative for Southeast Michigan, lays out the benefits and an initial strategy to turn the Detroit area into a supply chain hub; a collection of smaller supply chain facilities that help facilitate inter-modal transportation of goods (air to rail, rail to truck, etc). The six-month study looked at the greater southeast Michigan, southwest Ontario and northwest Ohio in developing their recommendations.
Detroit Supply Chain Hub Executive Summary
Supply Chain PowerPoint Presentation
View Full Crain's Detroit Business Article
Executive Director David O. Egner provides a brief overview of NEI's efforts to foster entrepreneurialism and employment in southeast Michigan.
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