COVER 2023
2 detroitchamber.com/sor
“May you live in interesting times,” an expression attributed, perhaps incorrectly, to
an ancient Chinese curse certainly can be applied to the Detroit Region.
Since World War II, Detroit has traveled a path from the Arsenal of Democracy and the
most prosperous city in the nation, to a city written off by many, to the “comeback”
city and darling of the national press and international tastemakers.
A region known for its manufacturing prowess and muscle (both in its workers and
its vehicles) is now a place that is home to the largest concentration of engineers in
the nation, a top 10 locale for doctorate degrees, a recognized and growing tech hub,
and a global center for next-generation electrified vehicles.
We reside in a state that built its wealth and stature in the global economy based on
our ability to build things and trade things. But perhaps our most important resources
are the things that are natural and not moveable – our immense natural beauty and
fresh water.
Michigan is a state that is changing and one of contradictions – both are good things.
The changes that are taking place in the Detroit Region and across the state are
certainly interesting, and the dynamics of the global pandemic have stressed every
institution and individual on the planet. Michigan is no exception.
But something funny happened during the pandemic. In a “Freaky Friday” type twist,
Michigan and the Detroit Region put to pasture the generations-old “when America
gets a cold, Michigan get the flu” dynamic.
As painful as the COVID-19 pandemic was – and the toll it took on our families and
our businesses – the Region and state actually fared better than most of the nation
during this once-in-a-century challenge.
Bloomberg ranked Michigan’s economy #1 of all large states for resilience through
the pandemic.
The Detroit Region’s unemployment rate was actually below the national rate at the
end of 2022, and both Michigan and the Region’s rate were at or below the national
rate at numerous points since the pandemic.
Our Region’s private sector jobs have recovered to pre-pandemic levels.
The Detroit Region was as healthy as the nation throughout the pandemic and
remains so today.
Looking forward to 2023, many fear a recession, pointing to high-profile layoffs in the
tech industry, plummeting consumer confidence, and rising interest rates.
I remain optimistic. Most companies are still struggling to hire talented team
members, unemployment remains at record lows, supply chain challenges are
significantly less stressed, and inflation appears to be easing. And while consumers
are pessimistic about economic conditions, they largely remain confident in their own
economic situation and continue to spend despite elevated inflation.
Given recent history, no doubt 2023 will be interesting in the Detroit Region – but let’s
look forward with confidence.
Sandy K. Baruah
President and Chief Executive Officer,
Detroit Regional Chamber

This year’s State of the Region report shows that Greater Detroit is a prime
example of the kind of resiliency that has become so necessary following
the pandemic.
We know what it takes to adapt and bounce back from difficult times, and even as we
face a potential slowdown induced by efforts to tap the brakes on the economy and
curb inflation, we are well-positioned to overcome any challenges.
In a recent address to the Detroit Economic Club, Citizens CEO Bruce Van Saun
spoke about how the combination of leadership, culture, and innovation tied to an
intense focus on customer needs has driven Citizens’ success.
I think similar strengths have helped Detroit rebound yet again and set us up to face
the future with confidence.
And don’t just take my word for it: the data supports this view.
Overall, the Detroit Region has shown tremendous resilience over the past few
years, with the Region outpacing the state and nation in annual Gross Domestic
Product (GDP) growth in 2021.
In 2022, the Region’s private sector jobs fully recovered to 2019 levels, as
unemployment rates dropped to levels last seen in 2000.
Wages and salaries rose over 2022, and while inflation is still a major concern for
residents, consumer spending remains robust.
Still, the short-term business outlook remains uncertain with strong labor markets
coupled with signs of weakening in interest-sensitive industries.
In fact, a recent Citizens Business Conditions Index™ showed a drop nationally and in
Michigan as we saw heightened impacts from the Fed’s policy actions to reduce inflation.
3
There is still a high demand for talent and Citizens continues to work with partners
to expand the pipeline for diverse talent, ensuring opportunities for growth and
leadership, and building a culture of belonging.
The Greening of Detroit’s program offers unemployed residents hands-on job training
opportunities and certifications within the landscaping sector. Grow Detroit’s Young
Talent is a citywide summer jobs program that trains and employs young adults,
ages 14-24. Focus: HOPE’s program serves low-income adults in Metro Detroit and
prepares them for success through a holistic job readiness training and placement
program for careers in manufacturing, culinary arts, construction, IT, robotics, welding,
and truck driving.
Citizens’ partnership with LISC is enabling the launch of new tech-related Bridges
programs to prepare participants for opportunities in tech and tech-adjacent careers.
We also support programming that strengthens and grows women- and minority-
owned businesses through the Great Lakes Women’s Business Council.
As we recover from the pandemic and face new challenges together, Citizens will
continue to serve as partners and trusted advisors to our customers as we aim
toward an even better future of opportunity and economic prosperity for Detroit.
Yasmeen Jasey
Michigan Market Executive,
Citizens
4 detroitchamber.com/sor

6 10 13 17 18
DEFINING THE KEY ECONOMIC INFLATION OUTLOOK FOR WHAT BUSINESS
REGION INDICATORS IMPACTS 2023 LEADERS ARE
THINKING

21 25 28 32
TALENT AND STATE OF RACIAL JUSTICE INFRASTRUCTURE
FUTURE OF WORK DEMOCRACY AND ECONOMIC AND THE ECONOMY
EQUITY

M i c h i g a n Vo t e r P o l l

The Detroit Regional Chamber has worked with premier research firm and polling partner, the Glengariff Group Inc., over the
past three years on an ongoing series of perception polls of registered voters in Michigan. The most recent data was collected
between Nov. 28 and Dec. 1, 2022. Highlights can be found throughout the report.

MORE LEADING REGIONAL DATA

As one of the Region’s leading sources of business-focused research
and data, the Chamber produces a host of annual Signature Reports and
Publications that are go-to resources for the business community.

Reports like the Michigan is Automobility Report, State of Education, and

State of the Region have become integral sources of business and industry-
specific data for decision-makers across the state.

d e t ro i t ch a m b e r. c o m / re s e a rch

RESILIENT REGION
The Detroit Region proved
resilient throughout the
pandemic and through 2022
amid rising inflation and
interest rates.
While the Detroit Region typically
suffers more during economic
hardships, it outpaced the state and
nation in annual gross domestic
product (GDP) growth in 2021.
In 2022, the Region’s private
sector jobs fully recovered to 2019
levels, and unemployment rates
reached levels last seen in 2000.
Wages and salaries rose over 2022,
while the end of the year showed
moderation in wage growth.
Michigan’s economy proved more
resilient through the pandemic than
previous downturns. Bloomberg
ranked the state #1 in economic
recovery.
2023 REPORT KEY TAKEAWAYS
INFLATION CONCERNS
Inflation remains as a
great concern for residents,
yet consumer spending
remains robust.
92% of respondents are concerned
about inflation, according to a Detroit
Regional Chamber December 2022
Michigan Voter Poll.
Consumer sentiment reached
the lowest reading on record, yet
demand and consumer spending
continued to rise.
Rising interest rates are expected to
slow the 2023 housing market, yet
home prices remain above
pre-pandemic levels.
STRONG LABOR MARKET
Labor market remains
strong with decades-low
unemployment rates.
Despite declining job postings in late
2022, talent demand remains 20%
higher than 2019 levels.
Low labor force participation
hovers at 62%, 0.6 percentage
points below the nation, and last
among peer regions.
Despite visitor levels reaching near
pre-pandemic levels, momentum
remains slow for daily workers in
downtown Detroit.
5
UNCERTAIN OUTLOOK
Business outlook remains uncertain
with strong labor markets coupled
with signs of weakening in interest-
sensitive industries.
Business leaders and economists
expect a brief and shallow
recession in 2023 as manufacturing
purchasing confidence reaches
historical lows.
Rising interest rates pose
challenges to the automotive
and mobility sector, but R&D and
infrastructure investments have
bolstered the Region’s electric
vehicle industry.
Business starts in the Region are still
above pre-pandemic levels, and views
on Detroit as a favorable investment
opportunity reached a Detroit
Reinvestment Index survey high.
6 detroitchamber.com/sor

R EG I O N A L P H OTO -
D OW N TOW N D ET R O I T ? O R S I M I L A R

The Detroit Region is a dynamic, united 11-county area encompassing more than 300 municipalities and 7,062 square miles
with rich geographic, human, and business assets. Home to 5.4 million people, 34 educational institutions, and more than
387,000 business locations, including 10 Fortune 500 companies, the Detroit Region has a diverse economy, low cost of living,
and highly skilled workforce. Anchored by the city of Detroit, the Region is an international gateway supported by robust
international infrastructure and offers unrivaled opportunities and innovation.

5,460,910 43.3% $
67,153 103.1
R E GI O N AL F O O T P R IN T

Population Educational Median Cost of

Att ainment Rate Household Income Living Index

$241.6 B 387,000 2.5 M 62.4%

Real GDP Business Locations Tot al Employed Labor Force
Workforce Participation

Source: Council for Community and Economic Research, D&B Hoovers, U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics
Note: Geographies Include Detroit MSA and 11-County Detroit Region.
 7

P O P U L AT I O N OV ERV I E W 2 0 2 1
N U MB E R O F
POPU L AT IO N POPULATI ON POPULATI ON PERCENTAGE
HOU S E HO L D S
2 010 2021 CHANGE CHANGE
2021
Detroit Region 5,389,392 5,460,910 71,518 1.3% 2,205,364
Genesee 425,790 404,208 -21,582 -5.1% 167,895
Lapeer 88,319 88,513 194 0.2% 34,447
Lenawee 99,892 98,956 -936 -0.9% 38,963
Livingston 180,967 195,014 14,047 7.8% 75,370
Macomb 840,978 876,792 35,814 4.3% 358,011
Monroe 152,021 155,274 3,253 2.1% 61,574
Oakland 1,202,362 1,270,017 67,655 5.6% 530,383
Shiawassee 70,648 67,877 -2,771 -3.9% 28,226
St. Clair 163,040 160,053 -2,987 -1.8% 66,324
Washtenaw 344,791 369,390 24,599 7.1% 149,133
Wayne 1,820,584 1,774,816 -45,768 -2.5% 695,038
City of Detroit 713,777 632,464 -81,313 -11.4% 251,729
Michigan 9,883,640 10,050,811 167,171 1.7% 4,051,798
Source: U.S. Census Bureau, Quickfacts

POPULATION PERCENT CHANGE P O P U L AT I O N

PERCENT CHANGE
2 010 - 2 0 2 1
The 11-county Detroit Region’s population increased 1.3% since 2010,
despite five counties seeing a population decline. < -5%

Livingston, Oakland, and Washtenaw saw the largest population growth, -5% - 0%
while Genesee, Shiawassee, and Wayne declined the most. Further, the
city of Detroit declined 11.4%, or 81,313 people, since 2010. 0% - 5%

> 5%

Source: U.S. Census Bureau

8 detroitchamber.com/sor

FORTUNE 500 AND LARGEST PRIVATE COMPANIES

The Detroit Region is Home to 10 of Michigan’s 19 Fortune 500 Companies with Headquarters in the State
As the epicenter of the global automotive industry, Ford Motor Company and General Motors are among the top of the Fortune 500. Stellantis N.V., with its North American
headquarters in Auburn Hills, employs more than 42,400 people in Southeast Michigan and earned $149.4 billion in revenue in 2021. Penske Corp. leads as the Detroit Region’s largest
private company, with $37 billion in revenue.

2 0 2 1 F O RT U N E 5 0 0 C O M PA N I E S, D E T RO I T R E G I O N

RANK HEADQUARTERS’ CITY 2021 R E V E N U E ( $M )

22 FORD MOTO R COMPANY  Dea rborn $136, 341

25 G ENERAL MOTO RS  D e tr o i t $127, 0 04
142 PENSK E AU TO MOTIVE GROUP  Bloomfield Hills $25, 554
18 6 LEAR CO RP.  S o u th f i e l d $19, 263
239 D TE ENERGY  D e tr o i t $15, 369
244 BORG WARNER Au b u r n H i l l s $14, 838
282 ROCK ET CO MPANIES  D e tr o i t $13, 175
345 ALLY FINANCIAL D e tr o i t $10, 690
413 MASCO L i vo n i a $8, 375
421 AU TO LIV Au b u r n H i l l s $8, 230

Source: Fortune Media, 2022

2 0 2 1 L A RG E ST P R I VAT E C O M PA N I E S

RANK 2 0 2 1 R EV EN U E ( $ M)

1 P E N SK E CO R P. $ 3 7,0 0 0
2 L IN E AG E L O G ISTICS L L C $ 4 ,0 0 0
3 IlITCH H O L D IN G S IN C. $ 3 ,8 0 0
4 BA RTO N MA L OW H O L D IN G S L L C $ 3 ,3 4 1
5 MO R O U N FA MILY H O L D IN G S $ 3 ,3 2 3
6 P L A STIPA K H O L D IN G S IN C . $ 3 ,2 4 8
7 P ISTO N G R O U P  $ 2 ,8 5 5

8
H .W. K AU F MA N G R O U P I N C . /BU RN S $ 2 ,8 0 0
& W IL COX LTD.
9 WA L B R ID G E $ 2 ,2 6 2
10 L A F O N TA IN E AU TO MOTIV E G RO U P $ 2 ,0 0 4

Source: Crain’s Detroit Business

 9

JOBS BY INDUSTRY
Health Care, Government, Manufacturing, Retail, Top Four Industries in the Detroit Region
Over 1.16 million people are employed across the top four industries of health care, government, manufacturing, and retail trade in the Detroit Region. In 2022, the number of jobs in
the Region totaled nearly 2.5 million.

J O B S BY IN D U ST RY, D e t r o it Re g io n , 2 0 2 2

HEALTH CARE AND SOCIAL ASSISTANCE MANUFACTURING PROFESSIONAL, SCIENTIFIC, ADMINISTRATIVE, CONSTRUCTION OTHER SERVICES
336,468 282,857 AND TECHINCAL SERVICES WASTE MANAGEMENT, 118,762 (EXCEPT PUBLIC
total jobs 237,694 AND REMEDIATION ADMIN)
SERVICES 149,063
143,063

6.1% 4.9% 4.8%

13.8% FINANCE AND WHOLESALE TRADE MGT. OF

11.6%
INSURANCE 90,118 COMPANIES
GOVERNMENT 9.7%
RETAIL TRADE 106,124 49,595
301,755 245,446 ACCOMODATION AND
4.3% 3.7% 2.0%
FOOD SERVICE
164,623 REAL EDU. INFO. ARTS
TRANSPORTATION
ESTATE SRVS. AND
AND WAREHOUSING
ENT.
102,643
1.2% 1.2%
12.4% 10.0% 6.7%
4.2% 1.7% 1.6% OTHER 0.7%
Source: Lightcast
Note: Other includes Utilities, Agriculture, Forestry, Fishing and Hunting, and Mining and Oil and Gas Extraction industries.
 10 detroitchamber.com/sor

REAL GDP
The real gross domestic product (GDP) measures economic activity by measuring the value of goods and
services produced while adjusting for inflation.

REAL GDP: UNITED STATES

KEY ECONOMIC Increase in Third Quarter U.S. GDP Reversed Two-Quarter Decline
The U.S. GDP decreased at an annual rate of -1.6% in the first quarter of 2022, and -0.6% in the second

INDICATORS
quarter. Typically, two consecutive quarters of negative GDP growth is considered a recession, according
to the National Bureau of Economic Research. However, this economy’s conditions were unique. In the
third quarter, the U.S. GDP increased at an annual rate of 3.2%, reversing a six-month decline and reflecting
increases in exports and consumer spending.

REAL GDP: MICHIGAN AND DETROIT MSA

Detroit Region’s Economy Performed Better Than Michigan’s in 2021
Michigan’s GDP totaled $481.7 billion in 2021, increasing 7.4% annually, making Michigan the 14th-largest
state economy in the nation in 2021. The largest contributions to Michigan’s GDP is derived from the
manufacturing, finance, and real estate sectors. Ranked 16th-largest economy in the United States, the
Detroit MSA’s GDP in 2021 outperformed the state at an 8.7% increase.

ANNUAL REAL GDP QUARTERLY REAL GDP

United States, Michigan, and Detroit MSA United States and Michigan

12% 12% United States

United States Michigan
Michigan 8.7%
8% 7.4% 8%
Detroit MSA
5.9%

4% 2.9% 4% 3.2%
2.2% 2.0%1.8% 2.3% 2.5%
1.2% 0.8% 1.7%
0.1%
0 0
-0.3% -0.6%
-1.6% -1.7%
-2.8%
-4% -4.0% -4%
-4.9%

-8% -8%
2017 2018 2019 2020 2021 Q1 2022 Q2 2022 Q3 2022

Source: U.S. Bureau of Economic Analysis

 11

PRIVATE SECTOR EMPLOYMENT PRIVATE SECTOR JOBS

Detroit Region
Has Fully Recovered 2.14 M
2.2 M Nov. 2022
A resilient labor market in 2022 contributed to private sector employment 2.11 M
recovery. Private sector jobs in the Detroit Region exceeded pre- March 2020
pandemic levels, reaching 2.14 million by November 2022, up 2.5%
2.0 M
from November 2021 and 38.9% from April 2020.

As interest rates rose in 2022, employers continued to seek and hold on

1.8 M
to talent. More recent job reports showed the services sector leading in 1.54 M
job growth, led by leisure and hospitality, which suffered the largest job April 2020
losses over the months.
1.6 M

1.4 M
2.5% 38.9% Jan. May Sept. Jan. May Sept. Jan. May Sept.
Year-Over-Year over April 2020 2020 2020 2020 2021 2021 2021 2022 2022 2022
Source: U.S. Bureau of Labor Statistics
Note: Not seasonally adjusted. November 2022 is preliminary.

UNEMPLOYMENT RATE
MONTHLY UNEMPLOYMENT RATE
Reached Lowest-Recorded Monthly Rate Since 2000 Detroit MSA and United States

The Detroit Region’s unemployment rate fell to the lowest recorded rate
since 2000 and remained steady near 3.0% since mid-2022. As lower 30%
unemployment suggests higher spending patterns, pressure on prices
continues with increased demand for services. Detroit MSA
United States

Individuals with higher education attainment experience lower levels of 20%

unemployment. The unemployment rate for individuals with a bachelor’s
7.4%
degree or higher held steady at 1.8% in November 2022, which is over
Nov. 2020 4.2%
half that of those with other college experience (3.2%) and is 5.5
Nov. 2021 2.9%
percentage points less than those with a high school diploma (4.6%). 10% Nov. 2022

2.9% 3.4%
0
Detroit MSA United States Dec. April Aug. Dec. April Aug. Dec. April Aug.
November 2022 2019 2020 2020 2020 2021 2021 2021 2022 2022
Source: U.S. Bureau of Labor Statistics
Note: Not seasonally adjusted. November 2022 is preliminary.
12 detroitchamber.com/sor

MEDIAN HOUSEHOLD INCOME MEDIAN HOUSEHOLD INCOME

United States and Detroit MSA
Increased Nearly 20% Since 2016
The median household income for the Detroit MSA increased by 5.8%
from 2019 to $67,153 in 2021. Over the last five years, regional median
$70,000 $69,717
household income has increased by nearly 20%, but continues to sit United States $67,153
below the national average. Detroit MSA
$65,712
$65,000
Median household income is considered a strong indicator of economic $63,474
equity in the Region. Despite 2021’s increases, the inequities in the
$61,937
Region’s household income persist by race and ethnicity.
$60,336 $60,513
$60,000
$58,411
$57,617
$56,142
$55,000
2016 2017 2018 2019 2021
Source: U.S. Census Bureau, 2021 American Community Survey One-Year Estimates
Note: The U.S. Census Bureau did not release American Community Survey 1-year estimates for 2020.

WAGES AND SALARY

Saw Substantial Increases in 2022, Growth Leveling CHANGES IN WAGE AND SALARY FOR PRIVATE INDUSTRY WORKERS
United States and Detroit CSA
In 2022, U.S. wages and salaries saw the highest increases since 2018
+5.2%
indicating a strong labor market. In the Detroit Region, wages and United States
salaries for private industry workers increased 5.0% in the 12-month 6%
period ending in September 2022. United States
Detroit CSA
The Detroit Region’s average weekly wages have increased by 4.0%, +5.0%
4% Detroit CSA
totaling $1,354, since 2021, and 17.2% since 2018.

2%

0
Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3
2019 2019 2020 2020 2021 2021 2022 2022
Source: U.S. Bureau of Labor Statistics
Note: Not seasonally adjusted.
 13

INFLATION
IMPACTS
Inflation has impacted many business sectors, including health care. Photo courtesy of Corewell Health.

CONSUMER PRICE INDEX

CONSUMER PRICE INDEX
Prices Up 8.5% From Previous Year, Tracks to Detroit MSA
the National Inflation Rate
8.5%
The consumer price index (CPI) measures how prices change over 12%
Detroit MSA
time and is a key measure of inflation. Inflation surged in 2022 as U.S. All Items
consumer prices increased annually by 9.1% in June 2022 — the highest
jump in more than 40 years. When the inflation rate rises rapidly, it can 8%
result in reduced purchasing power, higher interest rates, and overall
slower economic growth. The Federal Reserve targets a 2% inflation rate
4% 6.2% 7.7%
through several price indexes to maintain price stability, along with the Detroit MSA U.S.
mandate for maximum employment. Core (All Items Less All Items
0 Food and Energy)

8.5% 15.1% 19.6% 6.2%

-4%
All Items Food Energy All Items April June Aug. Oct. Dec. Feb. April June Aug. Oct. Dec. Feb. April June Aug. Oct.
(Less Food and Energy) 2020 2020 2020 2020 2020 2021 2021 2021 2021 2021 2021 2022 2022 2022 2022 2022

Source: U.S. Bureau of Labor Statistics

October 2022, 12-Month % Change, Detroit MSA Note: Not seasonally adjusted. Detroit MSA CPI is reported bimonthly.
14 detroitchamber.com/sor

CONSUMER SPENDING CONSUMER SPENDING

United States
Shifts to Services in 2022
Consumer spending, measured as real personal consumption
expenditures, is the biggest driver of U.S. economic growth as it is the $14.5 T
$13.8 T
largest GDP component.

Despite rising prices, national consumer spending amounted to $14.1 $14.1 T

$13.5 T Total
trillion in Q3 2022, up from $13.8 trillion a year earlier. Goods spending
slowed over 2022, while services spending increased each quarter, Consumer
making up two-thirds of consumer spending in 2022. Spending
$12.9 T
$12.5 T
U.S. Consumer Spending

$11.8 T
-3.0% 8.3% 2.8% $11.5 T
in 2020 in 2021 in 2022 Q1
2019
Q2
2019
Q3
2019
Q4
2019
Q1
2020
Q2
2020
Q3
2020
Q4
2020
Q1
2021
Q2
2021
Q3
2021
Q4
2021
Q1
2022
Q2
2022
Q3
2022

Source: U.S. Bureau of Economic Analysis

M i c h i g a n Vo t e r P o l l

63.3% of voters said they have had CONSUMER SPENDING GOODS VS. SERVICES
to make new spending choices. United States

$10.0 T
Chamber Perspective: Despite
persistent record-high inflation in 2022,
two-thirds of voters report they
$8.7 T
are doing the same, if not better, $8.0 T
$8.3 T Services
economically. While inflation begins
to impact buying patterns, and voters $7.2 T
remain very concerned with rising prices, $5.5 T
$6.0 T Goods
the economy is still growing with a tight $4.6 T
$4.6 T
labor market.

$4.0 T
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022

Source: U.S. Bureau of Economic Analysis

 15

CONSUMER SENTIMENT INDEX OF CONSUMER SENTIMENT

United States
Consumer Optimism in 2022 Hits Lowest
Reading on Record
120
As a leading indicator of economic growth, consumer sentiment,
affects business and household decisions on spending and saving. 101.0
In December 2022, the consumer sentiment increased to 59.1, but Feb. 2020
100
remained low from a historical perspective.
91.2
Typically, declining unemployment rates lead to increases in consumer 80 Jan. 2019
59.1
confidence. However, despite record-low unemployment, consumer Dec. 2022
sentiment plummeted in 2022.
60
50.0
Weakest reading on record June 2022
40
107.6 63.7 81.6 Jan.
2019
June
2019
Nov.
2019
April
2020
Sept.
2020
Feb.
2021
July
2021
Dec.
2021
May
2022
Oct.
2022
2000 2008 2020 Source: University of Michigan
Note: December 2022 is preliminary.

Annual Index of Consumer Sentiment

M i c h i g a n Vo t e r P o l l

92.0% of voters are concerned

about inflation.

Chamber Perspective: While gas

prices were ranked as the second-largest
inflation concern, at the time of the survey,
gas prices nationally and in Michigan were
lower. Clearly, voters are still chastened by
very high fuel prices during the summer
travel season and have yet to fully absorb
the return to lower levels.
16 detroitchamber.com/sor

BUILDING PERMITS BUILDING PERMITS AUTHORIZED

Detroit MSA
Multifamily Up 25% Over 2021 Levels,
53% Over Pre-Pandemic Levels
YTD (Oct.)
New privately-owned residential construction permits for the first 10 1,497 Nov. - Dec.
months of 2022 tracked similarly to 2021 for the Detroit MSA and were
up 10% over the same period in 2019. 1,419
1,281
647
1,645
Permits for units in multifamily structures increased 53%, while single
family homes were down 8%, over 2019 levels.
8,592 6,516 6,532 5,520 7,179 7,166
Rising interest rates, cost increases related to the supply chain, and
labor availability have dampened the outlook for new housing starts in
the Region. As a result, monthly permits were down 42% in October
2022 compared to the same month in 2019.

2017 2018 2019 2020 2021 2022

Source: U.S. Census Bureau

HOME PRICES MEDIAN SALE PRICE OF EXISTING SINGLE FAMILY HOMES

United States and Detroit MSA
Remain High as Higher Interest Rates
Slow Home Buying Activity $412,700
$398,500
$400,000
United States
$372,000
Median sale prices of existing regional single-family homes in the Detroit MSA
$357,100
Detroit MSA decreased in Q3 of 2022, while sales prices were 8.3%
higher than annual 2021 levels. Additionally, median days on the market $300,000 $300,200
increased to 40 in October 2022, up 33% from 2021. $274,600 $271,100 $266,000
$245,700
Nationally, mortgage applications have decreased with rising mortgage $221,300 $224,300
rates. Only 16% of consumers in October 2022 said now is a good time $200,000 $195,800
to buy a home, according to the Fannie Mae Home Purchase Sentiment
Index.
$100,000
2019 2020 2021 2022 2022 2022
Q1 Q2 Q3
Source: National Association of REALTORS
Note: Not seasonally adjusted.
 OUTLOOK FOR 2023
ENCOURAGING:
IN FLAT I O N I S MO D ERAT I N G .
As of December 2022, inflation eased for the sixth straight
month, with the lowest levels reported since 2021. After
peaking in June 2022, the Consumer Price Index showed
moderating prices led by falling energy and used vehicle
prices.
CO N SU MER SPEN D I N G REMAI N S STRONG.
Amid personal saving rates and consumer confidence at
historic lows, job security and prospects, along with pent-up
demand, remain elevated.
M O ST LEAD ERS D O N ’T AN T I C I PATE A DE E P RE CE SSION.
Though most economists expect a mild economic slowdown
in mid-2023, current regional unemployment levels are the
lowest since 2000. It is unusual for the U.S. to have an
economic slowdown without weakness in the job market.
T H E LABO R MARK ET REMAI N S STRONG.
Employers were eager to hire and reluctant to lay off workers
through 2022. Layoffs and initial claims for unemployment
insurance have remained extremely low, while job postings
remain strong. More jobs remain available than workers
available to fill them.
J O B PO ST I N G S ALSO REMAI N STRONG.
Despite rising interest rates, Michigan business applications
have totaled over 107,000 as of Q3 2022 – up 45% compared
to the same period in 2019.
CHALLENGING:
E CONO MI C UN CE RTA I N TY R E MA I N S.
While inflation leveled at the end of 2022, the uncertainty
surrounding additional interest rate hikes, labor market
responses, and political and social factors remain concerning.
Additionally, the Federal Reserve has yet to reach the 2%
inflation target, even after raising rates seven times in 2022.
L OW L A B OR F OR CE PA RTI CI PATI ON P E R SI STS.
Child care and elder care challenges, early retirement, and an
aging workforce contribute to the widening gap between the
number of available workers and listed jobs, exceeding its
historical average.
INTE RE ST-SE N SI TI V E I N DUSTR I E S A R E CON CE N TR ATE D I N
THE DE TR OI T R E GI ON .
The regional automotive, mobility, and mortgage lending
industries are facing challenges as the average price of a
new car reached record levels, and mortgage interest rates
increased to 7% in 2022.
INSTAB I L I TY A B R OA D A MP L I F I E S UN CE RTA I N TY.
Factors like global energy prices, the ongoing Russia-Ukraine
War, and high inflation, along with slowing global trade and
economic growth, increase concerns.
PE RS ON A L SAV I N G R ATE DR OP P I N G.
Credit worthiness, bank balances, and loan repayments all
remain strong, though the national personal saving rate has
dropped to 2005 levels.
18 detroitchamber.com/sor 13

WHAT BUSINESS
LEADERS
ARE THINKING
Fox 2 Detroit’s Roop Raj (left) speaks with Federal Reserve Bank of Chicago then-President and Chief Executive
Officer Charles L. Evans (right) at the 2022 State of the Region.

U.S. CEOs’ PERCEPTION

Remains Uncertain, Leaders Expect Shallow
Recession in 2023
85% 86%
Growing uncertainty remained among U.S. CEOs through Q4 2022, as
leaders navigated rising cost pressures, supply chain challenges, and are preparing for a brief and shallow expect their capital budgets to increase or
labor availability. CEOs’ forecast of U.S. business conditions trended recession over the next 12-18 months. remain the same over the next year.
downward over 2022 as interest rate hikes occurred. While leaders
expect conditions to worsen in the year ahead, there are encouraging
signs as consumer demand remains strong.

68% 44%
Only 37 of CEOs expect consumer
%

demand to decline through 2023.

report some problems attracting expect to expand their workforce
qualified workers. over the next 12 months.

Source: The Conference Board, Measure of CEO Confidence 2022 Q4

 19

SMALL BUSINESS INDEX

Inflation Biggest Challenge Facing Small
Businesses, Supply Chain Concerns Diminish
only

Yet
say rising prices
believe their business is believe the U.S. economy have significant
in good health. is in good health. impact on their
business.

reported inflation as biggest

2/3
are comfortable
2/3
expect revenue to
challenge, up 30 percentage
with their cash flow. increase in 2023.
points over 2021.

Source: U.S. Chamber of Commerce and MetLife, Inc.

2022 Q4 Small Business Index

MANUFACTURING PMI ®
MANUFACTURING PMI United States

Contracted in November 2022 After 29

Consecutive Months of Growth 70%
64.7%
Widely seen as a leading business indicator, the Manufacturing PMI®
(Purchasing Managers’ Index) reports on economic activity in the 60%
manufacturing sector. A level of 50.0% over a period of time indicates 48.5%
49.0%
an expansion of the manufacturing sector.
50%
A value above 50.0% indicates an
In April and May 2020, Manufacturing PMI® contracted, ending a period expansion of the manufacturing sector.

of 131 consecutive months of growth. November 2022’s 49.0% rate

indicated further contraction. 40% 41.7%

30%
June Oct. Feb. June Oct. Feb. June Oct. Feb. June Oct.
2019 2019 2020 2020 2020 2021 2021 2021 2022 2022 2022
Source: Institue of Supply Management ®
14 COMMUNITY INDICATORS
20 detroitchamber.com/sor

NEW BUSINESS APPLICATIONS NEW BUSINESS APPLICATIONS

Michigan
Remain Higher Than Pre-Pandemic Levels
New business applications are a leading indicator of future economic 50,076
growth and entrepreneurial activity. In 2021, applications hit a record high 46,547
with over 150,000 business applications filed, a 60% increase compared 42,540
to pre-pandemic levels. As of Q3 2022, Michigan business applications 39,290
totaled 107,559, up 45% over the same period in 2019. 37,002
32,917
31,267
27,572 28,410 28,826
25,000 26,381 25,388
Business Application Growth
21,541 20,401
Michigan

+60% +45%
2019 to 2021 Q3 2019 to Q3 2022 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022

Source: U.S. Census Bureau

DETROIT REINVESTMENT INDEX 2022

Detroit Viewed as Positive Investment Opportunity,
Increasing 10 Percentage Points Over 2017 Level
Detroit Future City’s Detroit Reinvestment Index tracks local and national
perceptions of Detroit and its economic growth since bankruptcy in 2013.
The 2022 annual survey shows increasingly favorable views of Detroit by
national business leaders.

82% 70% 89%

have a favorable stated Detroit has a of Gen Z and Millennials
view of Detroit as an high potential for future have positive views of
investment opportunity. business and investment Detroit as an investment
opportunities. opportunity.
Source: Detroit Future City, Detroit Reinvestment Index 2022
 21 15

EDUCATIONAL ATTAINMENT
Continues to Increase, Lags Peers
Educational attainment refers to the highest level of education that an individual has completed. The

TALENT AND
population with an associate degree or higher in the Detroit Region has continued to rise over the past
five years. Despite the Region’s educational attainment rate increasing by 4.2 percentage points from
2016 to 2021, Detroit continues to lag behind peer regions and the national average.

FUTURE OF WORK
The Region’s attainment rate includes 9.1% of the adult population with an associate degree, 20.4% with
a bachelor’s degree, and 13.8% with a graduate or professional degree. Over 1.3 million residents in the
Detroit Region have earned an associate degree or higher. By 2030, 70% of Michigan jobs will require at
least some postsecondary education. Therefore, accelerating attainment is important to fuel economic
growth, create equal opportunity for all residents, and increase income.

EDUCATIONAL ATTAINMENT
Associate Degree or Higher, Population 25 and Over
2016 2021
Boston 54.1% 58.1%
Austin 49.2% 57.0%
Seattle 51.1% 55.8%
Minneapolis 51.3% 55.1%
Atlanta 45.0% 50.1%
Pittsburgh 44.5% 49.0%
Chicago 44.3% 48.0%
St. Louis 43.3% 46.5%
United States 39.6% 43.8%
Detroit 39.1% 43.3%
Cleveland 38.8% 42.8%
35% 40% 45% 50% 55% 60%
Source: U.S. Census Bureau
REGIONAL ATTAINMENT
GOAL
60% educational attainment by 2030
Adult educational attainment is essential to reaching the
Chamber’s 60% by 2030 attainment goal. In the Detroit Region
in 2021, 655,000 adults have some college credits but no degree
or credential. There is no path to 60% educational attainment without 43.3% 50.7%
Bedrock team members increasing the number of adults with “some college, no degree,” to Associate degree or higher Associate degree or higher
back to work in downtown degree or credential completion. (without short-term credentials) (including short-term credentials)
Detroit.
Source: Lumina Foundation, Note: Short-term credentials are from 2019 for the State of Michigan.
22 detroitchamber.com/sor

LABOR FORCE PARTICIPATION

LABOR FORCE PARTICIPATION RATE
Rate Decreased to 2016 Levels in 2021 United States and Detroit MSA
The labor force participation rate (LFPR) is the percentage of the
population 16 years and older that is working or actively looking for work.
The Detroit Region registered at 62.4% in 2021, down from 63.1% in 63.6%
2019. The Region’s LFPR continues to sit at 0.6 percentage points below
the national rate.
63.1%
Labor Force Participation Rate by Educational Attainment United States
Detroit MSA, 2021 63.1% 63.0%

87% 78% 70%

Bachelor’s Degree Some College or High School Detroit MSA
62.4%
or Higher Associate Degree Graduate 62.4%

Labor Force Participation Rate by Race and Ethnicity 2016 2019 2021
Detroit MSA, 2021
Source: U.S. Census Bureau

68 %
66 %
62 %
60 %
Hispanic, Asian White Black or African
Any Race American

LABOR FORCE PARTICIPATION RATE

Peer Regions, 2021

O L IS E
IN AP ON TL N
TA GO
T

T
E
AUS

CHICA
ATLA
SE A
B OS
MI N N

71% 71% 69% 68% 67% 66%

S ND G
UI LA ST
ATES UR H OIT
ST. LO

CLEVE

PITTSB

D ET R
NIT D

65% 64% 63% 63% 62%

E

Source: U.S. Census Bureau

 23

JOB POSTINGSS JOB POSTINGS

Detroit Region
Steadily Fall in the Second Half of 2022, Remain High
237,812
Regional job postings peaked at nearly 238,000 in March 2022. 250,000 The Federal Reserve approves first
interest rate hike in March 2022. 197,656
Additionally, the Federal Reserve approved its first interest rate hike in
Nov. 2022
March 2022, the first increase since December 2018, to combat high
inflation. Jobs postings steadily fell in the second half of 2022 but
200,000
remained above pre-pandemic levels -- decreasing by 4.6% since the 176,142 155,524
start of 2022.
135,038
150,000

100,000
Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct.
2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022

Source: Lightcast

TOP JOB POSTINGS BY OCCUPATION TOP JOB POSTINGS BY INDUSTRY

HEALTH CARE AND

REGISTRED NURSES 44,778 SOCIAL ASSISTANCE
106,048

RETAIL SALES 27,271 ADMINISTRATIVE AND SUPPORT; WASTE

MANAGEMENT AND REMEDIATION SERVICES 85,103

SOFTWARE DEVELOPERS 24,928 MANUFACTURING 85,017

SALES REPRESENTATIVES
(WHOLESALE AND MANUFACTURING)
20,325 RETAIL TRADE 82,453

FIRST-LINE SUPERVISORS 19,041 79,831

PROFESSIONAL, SCIENTIFIC, AND
TECHNICAL SERVICES
OF RETAIL SALES WORKERS

Source: Lightcast
Note: Unique postings are from January-November 2022 .
 24 detroitchamber.com/sor

REMOTE WORK AND DAILY AVERAGE DAILY DOWNTOWN DETROIT ACTIVITY

DOWNTOWN WORKERS 120,000 79,002

Remote Work on the Rise in the Region, Downtown Dec. 2022
Visitors
Detroit Workers Slow to Return 100,000

90,001
80,000
21,139
Dec. 2022
Downtown Detroit Activity 60,000 Workers
Dec. 2019 to Dec. 2022 48,272
40,000 7,373
7,827
Share of Workers 0
Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct.
Working from Home 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022

Detroit MSA
Source: Placer.ai, Compiled by the Dowtown Detroit Partnership

Detroit ranks 50 out of 62

downtowns recovering post-pandemic.
WORKERS WORKING
Source: School of Cities FROM HOME
Detroit MSA

OFFICE AND INDUSTRIAL VACANCY RATES Source: U.S. Census Bureau

Remain Steady Despite Remote Work Shifts

OFFICE AND INDUSTRIAL VACANCY RATES
The Detroit Region’s office and industrial vacancy rates remain steady Detroit Region
despite ongoing shifts in workplace needs. Since 2021, office vacancy rates 16% Office
Industrial
experienced a slight decrease of 0.3 percentage points and industrial
vacancy rates remained at 3.9%.
12% 11.3% 11.0%
10.3%
Organizations are opting for smaller office footprints as leases come up for 9.3% 9.1%
renewal, and subleasing levels have increased from 900,000 square feet pre- 8%
pandemic to 1.8 million square feet in the third quarter of 2022, according to
Newmark’s Metro Detroit Office Q3 2022 report. 4.1% 3.9% 3.9%
4% 3.6% 3.4%

0
2018 2019 2020 2021 2022
Source: CoStar
25
25

STATE OF DEMOCRACY
MICHIGAN VOTER POLL
Conducted between Nov. 28 and Dec. 1, 2022, the Chamber’s latest Michigan Voter MICHIGANDERS APPEAR TO BE EXPRESSING A COLLECTIVE
Poll from the Glengariff Group Inc. showed voters are confident about democracy and
the 2022 election process. SIGH OF RELIEF POST-ELECTION DAY WITH AN INCREASED
CONFIDENCE IN OUR VOTING PROCESS, CALLS FOR A
CENTRIST AGENDA IN LANSING, AND CONFIDENCE IN GOVERNOR
60 %
75 %
83 %
WHITMER AS SHE EMBARKS ON HER SECOND TERM.”
Sandy K. Baruah,
President and Chief Executive Officer, Detroit Regional Chamber
of voters said they were of voters believe the election of voters approved of the
optimistic about democracy. was accurate, 13.3% said the process by which they cast
29.0% of voters said they election was inaccurate, and their vote, and only 12.7%
were pessimistic. 11.4% were unsure. disapproved of the process.

57%
of voters said they feel the same about
the state of democracy now than they
did before the November 2022 election,
23.4% feel better, and 15.4% feel worse
about democracy.
90%
of voters approved of the way their
community handled the November 2022
election. 69.5% strongly approve, and only
4.5% disapprove of how their community
handled the election.
These findings are significant, especially following the tumultuous
November 2020 election and the mistrust and misinformation around
the electoral process that followed. Perceptions persist among a small,
but consistent, sector of Republicans who believe modern voting
practices and reforms are associated with cheating and fraud. Perhaps
the most important outcome of the 2022 midterm elections was the
lack of drama surrounding the voting and vote counting – as well as
candidates who fell short conceding defeat as is the American tradition.
 26
26 detroitchamber.com/sor

ELECTION ENVIRONMENT
TOTAL REGISTERED VOTERS TOTAL REGISTERED VOTERS
Detroit Region
Increased to More Than 4.5M Voters in the
Detroit Region in 2022 4.50 M
One of the most important ways to participate in our democracy is to 4.41 M
Presidential
vote, as registered voters are more likely to be active and engaged Midterm
citizens. In 2018, Michigan passed Michigan Proposal 18-3 expanding
voting rights, which allows citizens to register to vote anytime with
proof of residency and become automatically registered to vote when
4.11 M 4.12 M
applying for, updating, or renewing a driver’s license or state‑issued 4.09 M 4.08 M
personal identification card unless the person declines.

Another important aspect of voter registration is the registered voter

database called the Qualified Voter File, which is maintained by the State
of Michigan, municipal and county clerks, and the Bureau of Elections.

According to the State of Michigan as of December 2022, more than

98,000 inactive voter registrations in Michigan are slated for cancellation
in 2023, and more than 400,000 in 2025.
2012 2014 2016 2018 2020 2022

Source: State of Michigan Secretary of State Office

Note: 2022 registered voters through July 2022.
 27

REGISTERED VOTER TURNOUT REGISTERED VOTER TURNOUT

Detroit Region
Exceeded 2.4M in Detroit Region for
2022 Midterm Election Presidential Midterm

For the 2020 presidential election, the Region’s registered-voter turnout

increased to 69%, with over 3 million ballots cast in the Region. In the 2012
2022 midterm elections, more than 2.4 million ballots were cast in the
64%
Region, producing the highest number of ballots in a midterm election
2016 65%
in a decade.

In 2022, Michigan passed Michigan Proposal 22-2, establishing new 2020 69%
procedures that allows military personnel serving abroad to have a
grace period of six days after Election Day to have their mailed ballots.
Proposal 22-2 will also allow for nine days of early in-person voting, 2014 43%
giving citizens more flexibility to cast their votes conveniently.
2018 58%

2022 53%

Source: State of Michigan Secretary of State Office

Note: 2022 registered voters through July 2022.

ABSENT VOTER BALLOTSS

Returned in the Detroit Region are Up 76% in 2022
Midterm Election From 2018
Due to the passage of the statewide ballot Proposal 18-3 in 2018, all
eligible and registered Michigan voters may request an absent voter
ballot without providing a reason. In the 2020 presidential election,
more than 1.7 million registered voters voted absentee in the Detroit
Region. In 2020, voting by mail increased by 183% in the Region,
compared to the 2016 presidential election.

The trend continued in the 2022 midterm elections, with more than
1 million voters casting their ballots by mail in the Region, increasing
76.3% from the 2018 midterm elections. Proposal 22-2 passed in 2022,
which allows qualified and registered voters to automatically receive an PRESIDENTIAL ELECTIONS MIDTERM ELECTIONS
absentee ballot for future elections.
183% 76%
2016-2020 2018-2022
Source: State of Michigan Secretary of State Office
28 detroitchamber.com/sor

RACIAL JUSTICE
AND ECONOMIC
EQUITY
Youth from NeighborHUB grant recipient One Michigan for Immigrant Rights gather after a group reading session at
the Undocumented Safe Space in Detroit.

SHARE OF POPULATION BY RACE AND ETHNICITY

Detroit MSA
POPULATION BY RACE AND ETHNICITY
In 2021, the Detroit Region’s population was 65% white residents, with
Black or African American residents accounting for 22%, and Latino or 5%
Hispanic and Asian residents at 5% each. The Region has a higher share Hispanic or
Latino
7%
of the Black or African American population compared to the national Total Population Two or More
share of 12%. Races
4,365,205
+45% +31% -3% -4%
Asian Hispanic or
Latino
Black or
African American
White 65% 2%
White Other
5%
Change in Population 2010-2020 Asian
Detroit MSA 22%
Black or
African American
Source: U.S. Census Bureau, American Community Survey 2021 1-year Estimates
Note: Percentages do not add to 100%.
Hispanic or Latino are of any race.
 29

PER CAPITA INCOME MEAN PER CAPITA INCOME

Detroit MSA
Inequities Persist by Race and Ethnicity in
the Detroit Region $50,000 $48,392
$43,210
Per capita income is a measure of economic well-being and an indicator
$40,000 $38,332 $37,996
of economic equity in a region. Asian residents had the highest average
per capita income in 2021 at $48,392, while Hispanic residents had the
lowest at $24,257. $30,000
$25,077 $24,257
In 2021, the average income per capita for white residents was $18,133
$20,000
higher than for Black or African American residents and $23,315 higher
than for the Asian population. Both gaps have increased since 2019.
$10,000

0 National Detroit Asian White Black or African Hispanic,

Average MSA American Any Race

Source: U.S. Census Bureau, 2021 American Community Survey, 1-Year Estimates

UNEMPLOYMENT GAP UNEMPLOYMENT RATE

Population 16 and Older, Detroit MSA
Black or African American Workers Continue to
Face High Unemployment
20%
The unemployment rate measures the percentage of people over 16
years old who are not working but are available and actively looking for 15.4%
15%
work. In 2021, the Asian population in the Detroit Region had the lowest
unemployment rate (4.3%).
9.6%
10%
At 15.4%, the regional unemployment rate for the Black or African 8.0%
American population was nearly 2.4 times higher than the national rate 6.3% 6.0%
and nearly twice the rate in the Detroit Region. 4.3%
5%

0 National Detroit Asian White Hispanic, Black or African

Average MSA Any Race American
Source: U.S. Census Bureau, 2021 American Community Survey, 1-Year Estimates
30 detroitchamber.com/sor

DIGITAL ACCESS GAP INTERNET ACCESS

No Internet Subscription, Detroit MSA
Internet Access is Improving, Gaps Remain
Among Racial Groups
10% 9.7%
Internet connection allows families and individuals to engage in the
economy and significantly impacts social and economic opportunities.
In 2021, 93.7% of the Region’s households had an internet subscription.
7.5%

Of the total Detroit MSA population, 3.4% reported no internet 6.0%

subscription in 2021, compared to 5.2% in 2019. Gaps in internet
5.%
access can further increase existing inequities. Black or African 4.1%
American households without internet were 2.3 times higher than 3.4%
white households, and 4.6 times higher than Asian households. 2.6%
2.5%
1.3%

0 National Detroit Asian White Hispanic, Black or African

Average MSA Any Race American

Source: U.S. Census Bureau, 2021 American Community Survey, 1-Year Estimates

HOMEOWNERSHIP RATE
HOMEOWNERSHIP RATE
Black or African American Homeownership is Detroit MSA
Increasing, Lags Behind Other Racial Groups
Significantly
100%
Overall homeownership rates increased for all racial and ethnic groups,
with the gap slightly decreasing between white and Black households 80.2%
since 2019. 75% 71.4%
65.4% 68.1%
63.4%
Yet, in 2021, the Region’s Black or African American households had the
lowest homeownership rate at almost 34 percentage points lower 50% 46.4%
than white households.

Hispanic or Latino households saw the most significant increase in 25%

homeownership rates at 4.8 percentage points followed by Black or
African American (3.0p.p.), Asian (2.9p.p.), and white (2.2p.p.).
0 National Detroit White Asian Hispanic, Black or African
Average MSA Any Race American

Source: U.S. Census Bureau, 2021 American Community Survey, 1-Year Estimates
 31

CENTER ON BLACK VOICES PARTNERSHIP

The Center on Black Voices is Gallup’s national research initiative devoted to studying and highlighting the experiences of more than 40 million Black Americans – tracking and reporting
on progress on life outcomes and a life well-lived.

As part of its efforts to increase equity and outcomes for all Detroiters, the Detroit Regional Chamber led the charge to bring the Gallup Center on Black Voices to Detroit. Through this
partnership, Detroit is one of the first cities in the country to work with Gallup to launch a hyper-local survey on the experience of Black Detroiters.

The Chamber and Gallup launched the first Detroit Resident Voices Survey in September 2022, sending it to 120,000 households across the tri-county region. Responses to the
61-question survey are currently being collected. The questions were developed from feedback gathered at local briefings with the Chamber’s Racial Equity Blueprint Group, various
community organizations, and funders. In Spring 2023, inaugural results will provide new, unique data showcasing their life experiences, perceptions, and more.

DATA HIGHLIGHTS FROM THE CENTER ON BLACK VOICES NATIONAL SURVEY

76% of respondents are dissatisfied with the way

things are going in the United States.

AND

62 % say now is a good time to find a

HIGH COST OF LIVING AND INFLATION ECONOMY IN GENERAL quality job, however, the ability to
access jobs varies by race.

VIEW ON ABILITY TO ACCESS JOBS

Think they have as good of a chance to get a job compared to people in their community of different races.

BLACK OR
59% AFRICAN 75% ASIAN 76% HISPANIC 86% WHITE
AMERICAN

Source: GALLUP, Dec. 2022 Q: Compared with people in your community who are of a different race,
do you think you have as good of a chance to get a job for which you are qualified or not as good of a chance?
20 INDUSTRY INDICATORS
32 detroitchamber.com/sor

INFRASTRUCTURE
AND THE ECONOMY
Cavnue, the leading developer of advanced roadways designed to unlock the full potential of connected and
automated vehicles (CAVs), is building the nation’s first CAV Corridor along I-94, connecting Detroit and Ann Arbor.

Michigan received a D+ overall on the latest Michigan Infrastructure Report Card, which grades the state on all infrastructure that is imperative to the state’s economy and directly
impacts residents. Michigan is up against aging infrastructure and a lack of funding, resulting in low grades across the board. However, the state government plans to invest $5 billion
into Michigan’s infrastructure to improve drinking water, high-speed internet, and roads, as well as making the largest investment into the state and local parks in Michigan’s history.

D C- C- C- D-
DRINKING WATER ENERGY BRIDGES DAMS STORM WATER
Source: American Society of Civil Engineers, 2018
 33

ROAD QUALITY AND FUNDING ANNUAL ROAD FUNDING

Detroit Region
Road Funding Rises 73% Over 2016 Levels
$500 M
Funding for roads in the Detroit Region has experienced a steady $466 M
increase over the last five years. In 2021, the 11 counties received a $434 M $431 M
73% funding increase over 2016 levels.
$400 M $381 M
$341 M
2021 PAVEMENT
CONDITIONS 23.0% 43.3% 33.6% $300 M $270 M
Detroit Region Good Fair Poor

$200 M
2016 2017 2018 2019 2020 2021

Source: County Road Association of Michigan and State of Michigan

Note: Due to the pandemic, road quality data for 2020 are estimates. Conditions for Federal Aid Lane Miles. Not adjusted for inflation.

EXPORTS ANNUAL EXPORT VALUE

Detroit MSA
Increasing But Not Fully Recovered to
Pre-Pandemic Levels $50 B $45.5 B
$44.1 B
$42.1 B
In 2021 the Detroit MSA exported $35 billion worth of goods across the $41.1 B
globe, a 16% decrease since 2016. Since 2020, exports have increased $40 B $35.4 B
by 15.4% but remain below pre-pandemic levels. All
$30.7 B
Exports
The Detroit MSA was affected by the semiconductor chips shortage $30 B $26.4 B
$24.1 B $24.7 B $23.9 B
and saw a steep decline in exports of transportation equipment in 2020.
Although transportation equipment exports are not back to their pre- $19.6 B
pandemic numbers, there has been a 17.7% increase since 2020. $20 B $16.7 B
Transportation
Equipment Exports
$10 B
2016 2017 2018 2019 2020 2021

Source: International Trade Administration

34 detroitchamber.com/sor

PUBLIC TRANSPORTATION RIDERSHIP PUBLIC TRANSIT RIDERSHIP ALL MODES

is Having a Slow Comeback After the Pandemic Detroit Region

Public transit is a critical infrastructure for communities, and many residents

heavily rely on these systems to help them perform essential activities. Black
or African American residents in the Detroit Region accounted for 72% of the 5M 2019 2020 2021 2022

total public transit commuters. In 2019, on average more than 3.8 million
riders used public transit in the Detroit Region. In 2022, more than 1.7 4M
million riders use public transit monthly.
3M

Transit Ridership
Detroit Region September YTD 2M

+25% -54% 1M

2021 to 2022 2019 to 2022

0
Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec.

Source: National Transit Database

DETROIT METRO AIRPORT PASSENGERS MONTHLY AIRPORT PASSENGERS

Detroit Metropolitan Wayne County Airport
Surpasses 2021 Volume, Still Trailing 2019
Passenger Volume
4M 2019 2020 2021 2022
Detroit Metropolitan Wayne County Airport is Michigan’s largest airport with
more than 1,100 flights per day to and from four continents employing more
than 86,000 individuals throughout the state. Despite significant increases
3M
throughout the two years, passenger traffic still trails behind 2019 with nearly
11 million fewer passengers.
2M

Total Passengers
1M
Detroit Metropolitan Wayne County Airport

36.7 M 14.1 M 23.6 M 25.8 M 0

Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec.
2019 2020 2021 2022 (Through Nov.) Source: Wayne County Airport Authority
 35

MICHIGAN $
16.3 B #1
ELECTRIC VEHICLE in total EV and/or battery state in EV and battery

LANDSCAPE
investments announced by OEM announced investments.
and suppliers since 2020.

10+ 17,500 1,030+

EV models projected registered EVs in 2021, publicly accessible
to be produced up 600% from 2,500 in 2017. charging station locations.
through 2025.

MI FUTURE MOBILITY PLAN

With a goal to deploy 100,000 EV chargers by 2030, the State of Michigan is working to
ensure the state’s infrastructure supports the transition to electric vehicles. Funds from
the National Electric Vehicle Formula Program, Inflation Reduction Act, and other federal
FOR MORE DATA, GO TO
and state funding sources aim to deploy charging infrastructure along Michigan’s roads,
along with assisting local communities in buildout of EV charging networks. MICHAUTO.ORG

Source: MICHauto, Department of Energy Alternative Fuels Data Center,

Center of Automotive Research Book of Deal, 2022
Note: Among selected states, U.S. Department of Transportation,
Michigan Department of Transportation