Detroit Regional Chamber
Recent News About Detroit Regional Chamber
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Education leaders discuss university collaborations at Crain's Power Breakfast
On July 25, education leaders from the University Research Corridor convened at Crain’s Detroit Business’ Power Breakfast to discuss higher education and the role of Michigan’s three largest universities in driving economic development across Detroit and the state. The panel included Wayne State University President Kimberly Andrews Espy, Michigan State University President Kevin Guskiewicz, and University of Michigan (U-M) President Santa J. Ono.
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Goldman Sachs empowers entrepreneurs through 10,000 Small Businesses program
Goldman Sachs launched the 10,000 Small Businesses program, a transformative initiative designed to equip entrepreneurs with the tools they need to thrive. The program addresses challenges small businesses face, including accessing capital, retaining talent, and scaling their operations.
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Michigan groups combat misinformation ahead of November elections
At the 2024 Mackinac Policy Conference, the Detroit Regional Chamber, Secretary of State Jocelyn Benson, and Michigan business leaders announced a new initiative to support the state’s elections. The collaboration, named Michigan Business United for Elections, aims to restore faith in the election process and ensure that every legally eligible Michigander can vote.
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SBA offers free educational webinars for small businesses in July-August 2024
The Small Business Administration (SBA) sponsors coaching and training programs to support small businesses at any stage of their journey. The SBA also promotes development and growth opportunities designed for military-owned, high-potential, and disadvantaged businesses, as well as small businesses seeking to participate in government contracting at no cost.
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IRS faces backlog and fraud concerns with Employee Retention Credit
The Employee Retention Credit (ERC) was a government program designed to prevent job losses during the COVID-19 pandemic. Initially underutilized due to its complexity, the IRS allowed for claims to continue being submitted, leading to an influx since 2021. This has resulted in a significant increase in pending claims and a total cost far exceeding initial estimates. The IRS is now facing a substantial backlog and is investigating potential fraud within the program.
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Gordie Howe International Bridge deck connection completed
The Gordie Howe International Bridge is officially connected, linking the U.S. and Canada. For more than a decade, the Detroit Regional Chamber led efforts to support the new bridge project.
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Detroit Regional Chamber sends 10 leaders annually to Harvard's YALP
The Detroit Regional Chamber is committed to creating opportunities for emerging leaders to collaborate with their peers to tackle key regional issues and create positive change. Each year, the Chamber liaises between these leaders and Harvard Business School’s Young American Leaders Program (YALP). As a founding member, the Chamber works with local executives to select and recruit a diverse cohort, fundraises to cover the stipend for participants’ costs, and helps prepare participants for their experience.
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National media highlights ongoing revitalization efforts in Detroit
All eyes are on Detroit lately, especially in the national spotlight. With major events like the NFL Draft breaking records in the city and significant development milestones such as the reopening of Michigan Central Station, Detroit’s story of progress is captivating audiences around the country.
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Chamber participates in International Franchise Association roundtable
On July 19, Brad Williams, the Detroit Regional Chamber’s Vice President of Government Relations, participated in a roundtable discussion hosted by the International Franchise Association (IFA). The discussion focused on the benefits of franchising in a local economy.
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U.S. Chamber highlights labor shortage with multiple contributing factors
The U.S. Chamber of Commerce has highlighted the significant challenges member companies face in filling job vacancies. Current data indicates 8.5 million job openings in the U.S., with only 6.5 million unemployed workers available.
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Walsh College partners with SBAM Foundation on educational initiatives
Walsh College in Troy is partnering with the Lansing-based Small Business Association of Michigan (SBAM) Foundation through the Small Business Support Hub Grant Program to provide educational opportunities for small businesses in Michigan.
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Chamber members recognized among Crain's notable real estate leaders for 2024
The Detroit Regional Chamber is celebrating Crain’s Detroit Business’ 2024 Notable Commercial Real Estate Leaders, some of whom are from the Chamber’s member companies.
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Detroit Regional Chamber welcomes new board members; Suzanne Shank begins term as chair
The Detroit Regional Chamber has welcomed nine new executives to its Board of Directors, while Suzanne Shank, President and Chief Executive Officer of Siebert Williams Shank & Co., commenced her term as Chair at the Board’s first meeting for the 2024-2025 term.
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Governor Whitmer announces grants for Michigan's small businesses creating new jobs
Today, Governor Gretchen Whitmer announced support for 31 small businesses across Michigan through the Michigan Economic Development Corporation’s (MEDC) Match on Main program. The $748,018.82 in grants awarded will create resiliency and strengthen downtowns in communities throughout the state.
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Michigan climbs to ninth place in CNBC's Top States for Business
Michigan has been ranked as the No. 9 state for business by CNBC, which released its rankings of America’s Top States for Business in 2024. The state advanced from No. 10 last year and entered the top 10 for the third time since the list's inception. This achievement is attributed to Michigan's economic development strategy centered on People, Places, and Projects.
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Small business optimism holds steady amid inflation and worker shortages
The latest report from the National Federation of Independent Business (NFIB) indicates that small business optimism remains steady despite ongoing inflation. Many employers on Main Street are expected to raise prices to cope with economic pressures.
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Michigan SBDC announces Pitch Black competition for Black-owned businesses
Applications are now being accepted for Pitch Black Detroit, a pitch competition organized by the Michigan Small Business Development Center (SBDC) specifically for Black-owned businesses.
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NFL Draft brings over $213M economic boost to City of Detroit
We’re getting a closer look at the economic impact from the record-setting NFL Draft in Detroit earlier this year.
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Detroit Regional Chamber congratulates 2024 DBusiness "Powered by Women" honorees
The Detroit Regional Chamber has extended its congratulations to the 2024 DBusiness “Powered by Women” honorees. Among the recipients are several individuals closely associated with the Chamber.
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Detroit Regional Chamber supports FY25 state budget's educational initiatives
The Detroit Regional Chamber has consistently championed education initiatives aimed at enhancing the talent pipeline for Michigan's employers. Recently, Chamber President and Chief Executive Officer Sandy K. Baruah authored an op-ed in The Detroit News advocating for a "K – 12 + 2" approach to education in Michigan.