:: Wayne County has consistently led the state
in economic growth and development. Of the 10 largest projects
built or under construction in the region in 2002, five were in
Wayne County, including:
Additional major construction projects to be completed
or underway in Wayne County:
- Over $2-billion in three casino developments in
Detroit
- $800-million Chrysler Jefferson Assembly Plant in
Detroit
- $750-million Renaissance Center makeover by General Motors
for its GM Global Headquarters
- $120 -million facility for the UAW-GM Center for
Human Resources in Detroit
- $275-million used to build Waterworks Park,
a new water-filtration plant in Detroit
- $23-million SmartZone Research and Technology Park at
Wayne State University
- $300-million Consumers Energy power plant to
service the Ford Rouge complex
:: Through galvanizing available resources and forming
effective public/private partnerships, a number of large-scale
new developments and expansions are planned for Wayne County.
Equally important is small business development, which the County
supports through programs that provide job training and placement,
financing for business development and expansion, reuse of industrial
land, and public infrastructure.
:: The Urban Recovery Partnership Program was initiated
by the County to provide staff, technical assistance and financial
resources to distressed cities of Highland Park, Hamtramck, Ecorse,
River Rouge and Inkster. This program has been instrumental in
providing support for a number of economic development and residential
projects, which may not have otherwise been undertaken.
:: International trade has contributed toward a significant
portion of the economic vitality of Wayne County, evidenced by
its standing as nearby Canada's No. 1 and distant Mexico's No.
3 trading partner. As an international port, it is critical for
maintaining this connection through efficient transportation
systems that link water systems with rail, roads, and air routes.
To remain competitive with other international routes, the Greater
Detroit Foreign Trade Zone was created to offer incentives such
as reduced taxes and a reduction of U.S. Customs intervention.
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:: The level of financial resources available to provide
development capital greatly influences the economic development
planning and undertakings in Wayne County. Several new programs
created through public and private initiatives have generated
the current favorable investment attitude in the County.
:: Wayne County is in a fortunate position in terms of
infrastructure and services due merely to its size and position
in the state as home to the largest city, Detroit. It is the
most urbanized county in the state and one of the largest counties
nationwide in population. It serves as the center of government
for the state of Michigan outside of the state capital in Lansing.
Most federal government offices in the state are located in downtown
Detroit. The networks of transportation linkages are also primarily
generated out of the former industrial center in Detroit.
:: Even though the infrastructure and services of the
County are extensive, a number of deficiencies continue to impede
growth. Among these is the absence of a regional rapid transit
or public transit system. While a heavy rail system is in place
for cargo, a light rail system that connects urban centers with
other communities and suburban destinations such as the airport
would serve to correct several issues. The presence of rail would
serve as a catalyst to economic development and job creation,
providing access to jobs that currently require automobile transportation.
:: Of equal concern is the age of the infrastructure
among the oldest communities. Aging infrastructure systems, including
water, sewer and public lighting systems are in dire need of
upgrading and improvements. The communities with the most need
- whose infrastructure is the oldest - tend to also be those
without the financial resources to provide routine maintenance,
thus, the public utilities deteriorate through lack of a sufficient
tax base. The road system in particular is severely deteriorated
and under serves the needed capacity. Major improvements are
underway on expressways and primary and secondary roads. Nonetheless,
a much greater investment will be required to bring the countywide
road system to an adequate state to service all communities.
:: The most evident economic assets of Wayne County are
its mature status as an industrial center and the presence of
numerous multinational corporations. Additional progress has
been made to diversify the economy witnessed by a growth in non-manufacturing
sectors, including high technology.
:: Although major strides have been made, economic
liabilities still remain. The continued dependence on industry
as the economic basis of the region and the struggle for aging
communities to regain a sustainable economy following the loss
of major employment sectors in previous decades are two major
obstacles. It is a challenge to the County to continue to build
off its strengths to diversify the economy to withstand fluctuations
in global and national economic trends.
:: The top economic development opportunities are: