Corporate expansion continues to be hot and the industrial market in Southeast Michigan is no exception, particularly in the Aerotropolis region. In the first quarter of 2018, the Aerotropolis team responded to 19 business expansion inquires and submitted 58 sites on behalf of the communities it represents. These numbers represent 30% of all business development activity in 2017 and suggest another great year for the Aerotropolis region.
Several of the inquires fielded last quarter were the result of new and improved marketing efforts by the Aerotropolis and suggest that increased business development activity is taking root. The Aerotropolis region has much to offer companies engaged in transportation, distribution, and logistics (TDL), advanced manufacturing, and next-generation mobility, and this message appears to be resonating with the Aerotropolis target audience.
Aside from business development, two big projects for the Aerotropolis last quarter were the development and publication of the 2017 Aerotropolis Annual Report and hosting of the inaugural Aerotropolis Annual Meeting. Each project is detailed herein but it's important to note that both were undertaken to provide Aerotropolis stakeholders with an overview of accomplishments in 2017 and clearly articulate the value of the Aerotropolis Development Corporation to the region.
Lastly, one of two strategic priorities for the Aerotropolis in 2018 is increasing private sector participation in the organization. Much of the groundwork to achieve this end was laid in the first quarter and have already yielded one new private sector investor.
2018 is off to a successful start. Keep an eye out for some exciting announcements in the second quarter.