State economic development leaders learn about Dearborn’s successes

Mayor John B. O’Reilly, Jr. presented Dearborn’s successful economic development projects to the executive committee of the Michigan Economic Development Corporation (MEDC) in July.

Details of the projects can be found here: http://cityofdearborn.org/government/departments/economic-and-community-development

For the executive committee’s visit, Mayor O’Reilly concentrated on explaining projects that received funding or incentive support from the MEDC, and also highlighted landmark developments in Dearborn that were made possible through regional partnerships.

The governor appoints the MEDC Executive Committee. Mayor O’Reilly is the only elected official from a city who sits on the prestigious committee, which has 20 members and sets policies for how qualifying developments are funded throughout the state.

The MEDC offers funding mechanisms for significant development projects, which are often transformational for a community, or designed to spur more investment in the areas around them.

Among the Dearborn projects the Mayor spoke about are the $16 million City Hall Artspace Lofts; The Union, which is a $30 million student housing complex serving the University of Michigan-Dearborn; modern Habitat for Humanity homes in east Dearborn; the $70 million Dearborn Town Center at the former Wards site at Michigan and

Schaefer; and the Hampton Inn, a $9 million project in the west downtown that opened in 2016.

Ford Motor Company’s Wagner Place project, representing a total investment of $85 million by the time it opens in 2018; Ford’s new offices at Fairlane Town Center; and the $1.5 billion at the Severstal/AK Steel Rouge Complex were also highlighted by the mayor.

Under Mayor O’Reilly’s leadership, many more dollars are expected to be invested in our Michigan Avenue downtowns in coming years, and in the Warren Avenue Corridor and Dix-Vernor Corridor.

/ In News / By Moe Qas / Comments Off on State economic development leaders learn about Dearborn’s successes