At your service: the Detroit Regional Economic Partnership links your business to the global marketplace.Economic development. You hear that two-word phrase all the time. But what does it really mean? In its simplest terms, economic development is a process--typically a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. process--leading to investment, growth and job creation in a particular community or region. Economic development has always been critical to Southeast Michigan Southeast Michigan, also called Southeastern Michigan, is a region in the Lower Peninsula of the U.S. state of Michigan that is home to a majority of the state's businesses and industries, and is home to slightly over half the state's population. . But it wasn't was·n't Contraction of was not. wasn't was not wasn't be until 1997, when the Detroit Detroit, city, United States Detroit (dĭtroit`), city (1990 pop. 1,027,974), seat of Wayne co., SE Mich., on the Detroit River and between lakes St. Clair and Erie; inc. as a city 1815. Regional Economic Partnership was launched, that economic development was aggressively pursued in a truly regional, collaborative col·lab·o·rate intr.v. col·lab·o·rat·ed, col·lab·o·rat·ing, col·lab·o·rates 1. To work together, especially in a joint intellectual effort. 2. fashion. The Partnership is a public-and private-sector effort representing the 10 counties of Southeast Michigan and the city of Detroit (see map on page 25), along with 100 private-sector investors. It works closely with local economic development agencies in the region to position the Detroit Region in the global marketplace. In addition to bringing new business to the region, the Partnership, now in its second five-year phase, is dedicated to helping your company: * Expand your customer base. * Increase your product line. * Go global. This special Economic Development issue of the Detroiter will give you an update on the Partnership's work and how it can help you, regardless of the size or type of your business. See page 25 for a staff directory. For more detailed information, including the latest quarterly report, visit the Partnership's Website at www.detroitchamber.com/drep. |
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