08/13/2024 | Press release | Archived content
A century-old landmark becomes the cornerstone of Detroit's innovation future, powered by strategic partnerships and MEDC support
The majestic Beaux-Arts facade of Michigan Central Stationilluminates the Detroit skyline, symbolizing the city's resilient spirit. Standing silent for over 30 years, the station now anchors a hub set to redefine mobility and urban living.
The Michigan Central Innovation Districthouses the forefront of Detroit's future, a 30-acre technology and cultural center where more than 600 innovators from more than 100 companies are reimagining what's possible.
This isn't just about restoring a building. It's about embodying the spark that made Detroit a global innovation capital. The Michigan Central Innovation District, anchored by the iconic station and backed by Ford Motor Co.'s $740 million investment, is expected to create 5,000 jobs and generate $370 million in tax revenue over the next 35 years.
The Michigan Economic Development Corp. (MEDC)has been an integral supporter of this project from day one, providing crucial backing through the Michigan Strategic Fund. The state's incentive support has been a crucial element of the public/private partnership that is ensuring the project's success.
This investment is part of a broader commitment by the state to align more than $126 million in new and existing investments, programming and resourcesto support the goals of the district. This effort involves collaboration among key state entities, including the Office of Future Mobility and Electrification, the Department of Labor and Economic Opportunity, and the Department of Transportation. MEDC's efforts, in collaboration with these departments, focus on creating conditions for high-skill job creation, startup company growth and technology commercialization within the Innovation District.
The station's revival sends ripples of renewal far beyond its walls, embodying MEDC's holistic "People, Places, Projects" approach to economic development - a strategy that invests in talent, vibrant communities, and business attraction and growth. While Michigan Central Station serves as the crown jewel, the expansive Michigan Central Innovation District exemplifies the "Make It in Michigan" vision, showcasing the state as a place for innovation and economic opportunity. This comprehensive strategy focuses not just on restoring buildings, but on cultivating talent, fostering innovation and rebuilding communities.
The importance of this approach is evident in the partnerships forged within the district. Google, a founding partner, is launching its Code Next program here-the first in the Midwest. By providing free coding education to high school students across Michigan, this will nurture the next generation of Black, Latinx and Native tech leaders. Similarly Henry Ford Health Systems, another founding partner, aims to address critical issues facing Detroiters, including healthcare accessibility, community health networks and workforce development.
These collaborations underscore the project's commitment to creating high-skill jobs and developing local talent. By tying knowledge economy growth to community development, MEDC and its partners are fostering an environment where innovation thrives alongside neighborhood vitality. This model of inclusive growth demonstrates the important link between rebuilding communities and ensuring the long-term prosperity of the entire state. The Michigan Central Innovation District stands as a testament to how strategic investments in people, places and projects can transform not just a neighborhood, but potentially serve as a blueprint for urban revitalization across Michigan and beyond.
While the station's grand waiting room echoes with history, the surrounding buildings buzz with future-shaping activity. At the Book Depository, startups like Electreon are revolutionizing mobility with wireless EV charging. In Corktown, German innovator EcoG Inc. is setting up its U.S. headquarters, a $14.4 million vote of confidence in Detroit's resurgence. The district also features a unique "transportation innovation zone," allowing mobility-focused companies to fast-track the safe piloting and deployment of new transportation solutions in real-world environments.
Michigan Central's revival is not an isolated endeavor. It joins transformative projects like the Hudson's Site and the Joe Louis Greenway, weaving a new tapestry of innovation, sustainability and community across Detroit's urban landscape. Gov. Gretchen Whitmer notes, "By embracing a whole-of-government approach in our collaboration with Michigan Central and the city of Detroit, we are writing the playbook for a new kind of partnership that keeps Michigan at the forefront of mobility for generations to come."
As the sun rises on this new chapter, Michigan Central Station isn't just a place to admire from afar - it's a living, breathing part of the community. Its doors swing wide every Friday evening and Saturday, inviting tens of thousands to be part of this historic transformation. In the shadow of its clock tower, Detroit's past and future converge, promising that the city's most remarkable innovations are yet to come.
Looking forward, The Michigan Central Innovation District's triumph inspires cities across America facing their own urban renewal challenges. It demonstrates that with vision, collaboration and strategic economic support, even the most daunting projects can catalyze widespread revitalization.
As Detroit continues to remind the world of its prowess, Michigan Central Station stands tall, a testament to the enduring power of innovation, perseverance and the steadfast spirit of a great American city. It's more than a building - it's a promise to future generations that anything is possible in Detroit and, indeed, all of Michigan.
The train may have left the station long ago, but Detroit's journey is far from over. With the support of organizations like MEDC, it's just beginning.
To contact a business development specialist, click here or call 1.888.522.0103.