The Detroit Economic Growth Corporation is a private non-profit organization that has been dedicated since 1978 to helping businesses create new jobs and leverage private investment in the City of Detroit by providing technical, financial and development assistance to the city and the business community, from the start-up entrepreneur to the multinational corporation. By combining public sector policy and direction with private sector leadership, we are able to actively strengthen Detroit's economic base.
In partnership with city government, the DEGC serves as the lead implementing agency for business retention, attraction and economic development initiatives in the city of Detroit.
A Federation of Organizations
The DEGC provides staff services to the city's Downtown Development Authority (DDA), Detroit Brownfield Redevelopment Authority (DBRA), Economic Development Corporation (EDC), Neighborhood Development Corporation (NDC), Local Development Finance Authority (LDFA), and Tax Increment Finance Authority (TIFA).
These organizations come together to combine the public powers of the city and development tools of the EDC, DBRA, and DDA with the expertise and resources of the private sector. Through this partnership, we are able to further business growth and development in the city. The DEGC coordinates these development resources and tools within our own framework, and extends them to the community through the technical, financial and development assistance available at DEGC.
Your Full Service Agency for Economic Development in the City Of Detroit
We are here to help ensure that anyone wanting to do business anywhere in Detroit has a "sponsor " – an advocate whose job it is to match needs with resources, questions with answers and problems with solutions.
We can help you identify potential development sites, negotiate development agreements, manage construction projects, and help eliminate obstacles that might impede the growth of a new business activity in the city.
The DEGC offers a broad range of financial, technical and development assistance to commercial, industrial and service firms, as well as developers and investors wanting to do business in Detroit.
Financial assistance is available to businesses through various specialized financing programs for:
- Building construction, renovation and expansion
- Property acquisition
- Fixed asset financing
Development assistance provided to businesses requiring new or expanded facilities includes:
Technical assistance to strengthen existing businesses and attract new businesses includes:
- Permits and regulatory matters
- Community introductions
- Connection to employee training programs
- Establishing international business contacts
- Referrals to other agencies that can provide related assistance