TALENT & INVESTMENT GUIDE BROUGHT TO YOU BY DETROIT REGIONAL PARTNERSHIP168 JANUARY 2025 SITE SELECTION A s you consider expanding your business in the North American market, I want to personally invite you to explore the exceptional opportunities the Detroit region off ers. At the Detroit Regional Partnership (DRP), we are committed to supporting your company at every step of the journey—beginning with a deep understanding of the many advantages our region provides, and continuing with the successful execution of your project. Over the past fi ve years, we have guided over 1,200 global companies through their U.S. expansion plans, and helped more than 120 choose the Detroit region for their next major operations. This success is a direct refl ection of the region’s unique strengths and our dedicated team’s ability to support businesses in achieving their goals. The Detroit region boasts one of the largest and most highly skilled workforces in the U.S., with 2.6 million workers, specializing in engineering, manufacturing, and technology. We are a hub of innovation, with a deep-rooted legacy in designing, engineering, and building the world’s most advanced products. Our strategic location at the heart of North America connects you directly to key markets, including seamless access to Canada through fi ve international border crossings. Additionally, our world-class airport off ers direct connections to 140 domestic and international destinations, ensuring global reach for your business. With more than 1,400 foreign companies already operating in the region, Detroit is a dynamic community that understands the needs of global businesses and knows how to nurture growth. Our team will serve as your single point of contact, guiding you to the right data, partners, incentives, and talent to ensure your business thrives here. Our Verifi ed Industrial Properties program further ensures that companies have access to development-ready sites tailored to meet your specifi c needs. The Detroit region is leading the way in the future of mobility and manufacturing, and the DRP is here to ensure that both domestic and international companies have every opportunity to be part of this exciting evolution. If your company is exploring expansion into the North America, I encourage you to engage with our team to discover how the Detroit region can be the ideal location to support your business’s continued success. We look forward to hearing from you! Warm regards, Maureen Donohue Krauss President & CEO, Detroit Regional Partnership DETROIT REGION TALENT & INVESTMENT GUIDE The Detroit Region: The Smart Choice for Business Growth A Message from Maureen Donohue Krauss, President & CEO of the Detroit Regional Partnership:DETROIT REGION TALENT & INVESTMENT GUIDE Support for Expanding Companies T he Detroit Regional Partnership (DRP) serves as the lead economic development agency for the Detroit Region. Our mission is to support international and domestic companies as they investigate our market for future expansions. Should a company decide to invest here, our team then helps companies successfully execute their project in our community. The DRP has a highly experienced team of more than 30 professionals to support this important work, helping more than 250 companies per year explore our region for investment. Over the last fi ve years, we have helped 121 companies invest $4.8 billion and create more than 13,575 new jobs in our region. The best part is, the DRP provides these confi dential services at no-cost to companies. The DRP is funded by leading private and public sector stakeholders to attract the next generation of companies, technologies, and jobs to our thriving region. For more, go to www.detroitregionalpartnership.com. Business Expansion Services • Single point of contact • Customized market data • Confi dential project management • Building and site identifi cation • Market visits • Securing incentives • Workforce recruitment and training • Community connections Contact us to learn more: Alan Weber, EdD Managing Vice President, Business Development Detroit Regional Partnership Email: Alan.Weber@DetroitRegionalPartnership.com Phone: +1.248.568.3080 Photo: Getty ImagesAn Unparalleled Track Record From 2020 - 2024, DRP Client Impact on the Region: In Direct Investment $4.8 B = Direct Jobs Created 13,575 companies supported by DRP announced expansions in our region 121 DETROIT REGION TALENT & INVESTMENT GUIDE Photo: Adobe Stock SITE SELECTION JANUARY 2025 171 “Bringing this new battery enclosure technology to market is another example of Magna’s ability to deliver a full-system solution to automakers supporting their focus on a lower emissions future.” — John Farrell, President of Cosma International, Magna’s Body & Chassis Group With 30,000 square feet of office space and 75,000 square feet of lab space, EV maker Lucid Motors has established an engineering and R&D hub in Southfield. The firm scouted sites for more than a year and looked at multiple states, including Texas and Ohio. “We want to track the best talent out there,” said Lucid VP Gale Halsey. “There is no place like Michigan.” Success Story: “Expanding our presence in Detroit supports our business growth strategy and helps us to establish a larger footprint in the U.S. to further grow and develop strategic relationships within the automotive industry…. It’s important for us to be in Detroit to be near the key customers.” — Martin Rosell, Chief Executive Officer at WirelessCar “Michigan is the perfect place to establish our Innovation Center due to its deep auto roots, continued investment in innovation and ability to attract and train a talented, diverse workforce.” — Scout Motors, CEO, Scott Keogh “ONE is thrilled to select Michigan for our first cell factory, due to the state’s unique combination of battery talent, proximity to material supply and access to low-cost energy. We applaud the leadership and strategic partnerships in the State of Michigan that have helped ONE build a strong foundation for clean tech manufacturing in Michigan.” — Mujeeb Ijaz, Founder & CEO of ONE “Expanding our manufacturing capacity in Michigan this year is an integral part of our long-term plans. We are focused on the Detroit Region due to the availability of a highly skilled manufacturing workforce. The company is grateful for the local support and look forward to future success here.“ — Bob Kamphuis, Chairman, President & CEO of Mayville Engineering Co. Lucid Motors TESTIMONIALS FROM BUSINESS LEADERS DETROIT REGION TALENT & INVESTMENT GUIDE172 JANUARY 2025 SITE SELECTION REGIONAL PROFILE Location, Economy & Demographics DIVERSITY The Detroit Region holds a prominent and strategic position in the heart of North America. It is a gateway for trade, manufacturing and transportation. Located in the Midwest, Detroit is at the confl uence of major international and domestic trade routes. Key Facts �The region is home to thousands of expats supporting over 1,400 foreign fi rms, off ering welcoming communities and amenities such as international grocery stores, schools, and cultural organizations to ensure a smooth transition. • The Detroit Region is highly diverse, with over 32% population diversity, including large Arab American and African American populations. The area is home to more than 500,000 foreign-born residents, representing 10% of the population. More than 37 languages are spoken in the region. • The Detroit Region is home to nearly 28,000 international students. Regional GDP: $322 billion Population: 5.45 million Workforce: 2.6 million workers Hometo 1,400+ foreign fi rms from 38 countries #1 U.S. large international airport for customer satisfaction #4 lowest cost of living amonglargeU.S.metros 20% oftheworld’s freshwater sitsintheGreatLakes #1 state for climate change resilience 6% corporate income tax, amongthelowestinthecountry Top 10 state forbusinessclimate(Site SelectionMagazine) 32% POPULATION DIVERSITY DETROIT REGION TALENT & INVESTMENT GUIDE SITE SELECTION JANUARY 2025 173 INDUSTRY PROFILE The Detroit Region is the Global Epicenter of Mobility hosting automotive operations from 26 OEMs, 96 of the top 100 suppliers, and 10assemblyplants producing 1.9millionvehiclesannually. Michigan leads the U.S. in announcedEV investments at $16.6billion, creating 16,300new jobs (ranked #3 in EV job creation). • The state drives $14billionannuallyinmobilityand automotive R&D, accounting for 66% of the U.S. total. MOBILITY • Ranked #5 U.S. Metro for manufacturing talent, employing 290,000workers. • Recognized as the NorthAmericanbraincenter forindustrialautomation and the #1U.S.metrofor deployedrobots. • Maintains a strong talent pipeline with over 10,000annualcompletions in manufacturing- related programs. ADVANCED MANUFACTURING Michigan is committed to achieving 100%clean energyby2040. The state leads the Midwest with nearly 124,000 cleanenergyjobs. Boasts $9.1billioninCleanTechinvestments with projects focusing on hydrogen, renewables, batteries, andinfrastructure. The Detroit Region features the largestrenewable energypurchaseintheU.S. – a 650-megawattsolar installation spanning 6,000 acres, a partnership between Ford and DTEEnergy. CLEAN TECH FINANCIAL SERVICES • Home to 9Fortune500Companies employing more than 795,000 employees • The Detroit Region is home to the largestwholesale mortgagelender as well as the largestretail mortgagelender. DETROIT REGION TALENT & INVESTMENT GUIDE Photos: Adobe Stock Photo: Getty Images174 JANUARY 2025 SITE SELECTION The Detroit Region already offers more workers than other markets, and is set to continue outpacing them over the next decade TALENT & WORKFORCE An Ideal Hub for Business with a Large, Skilled Workforce & Strong Talent Pipeline SIZE The Detroit Region’s large workforce allows companies to successfully launch from day one and scale as growth demands. • With 2.6 million workers, the Detroit Region’s workforce is larger than the working population of 28 other states. DETROIT REGION TALENT & INVESTMENT GUIDE Photo: Adobe Stock SITE SELECTION JANUARY 2025 175 SKILLS The Detroit Region boasts an innovation- driven, uniquely skilled workforce capable of supporting the full spectrum of talent needs. With expertise spanning from concept to mass production, our workforce is prepared to address the full set of needs required for next-generation mobility, advanced manufacturing, and clean energy technologies. The Detroit market ranks No.1 for assembly and manufacturing talent, and No.2in theUS for engineeringtalent — many with specialized knowledge and experience across disciplines. The Detroit region boastsnearly98,800 tech-relatedprofessionals, with 39,000 softwareengineers. DETROIT REGION TALENT & INVESTMENT GUIDE Nearly half a million annual degrees awarded in a 5-hour drive time provides access to an extended talent pool. TALENT PIPELINE The Detroit Region’s top-notch universities and community colleges support a highly educated, dynamic workforce that offers stability and adaptability. More than 240,000students are enrolled in the 9 community colleges, 13specialty colleges/institutes and 12universities in the region. •77.7%ofDetroitMetrograduatesstayin the region, making it the #1metro for two and four year retention. The Detroit Region invests $220 million annually in the local workforce to support companies. To learn more about our workforce and access funding, the DRP’s dedicated Talent Solutions team is available to support. Photo: Getty ImagesNext >