On May 10th, Troy Chamber presented REinvest Michigan, a unique look at the Michigan economy and how it effects both the commercial real estate market and attracting business to the state in order to grow both the economy and workforce environment.

Paul Traub addressing the audience at REinvest Michigan

Paul Traub addressing the audience at REinvest Michigan

Paul Traub, Sr. Business Economist for Federal Reserve Bank of Chicago (Detroit Branch), provided a robust and energetic economic update. His focus addressed both nationally, statewide and even metro Detroit area. Mr. Taub documents his thoughts on the current economy in his blog.

A copy of his slides can be viewed by CLICKING HERE.

Panel discussion led by Dan Duggan.

Panel discussion led by Dan Duggan.

After Mr. Traub’s update, he was joined a panel that included Jennifer Nelson, Executive Vice President, Chief Business Development Officer of Michigan Economic Development Corporation and Matthew Farrell, CEO & Co-Founder, CORE Partners. The panel was moderated by Dan Duggan, Bernard Financial Group.

The discussion was excellent and covered much ground. Some tidbits of information included:

  • Jennifer Nelson compared Michigan to Silicon Valley and no long is it one over the other, we are more alike than ever before.
  • MEDC has launched Planet M, a new website focused on the autonomous vehicle. Check out their video promoting the new site: https://youtu.be/KZlbYXSE6Cs 
  • Skilled workforce is still a needed commodity. Paul Traub urged that we need to invest in human capital.

(Left to right) Lake Michigan Credit Union representatives, Dan Duggan, Paul Traub, Jennifer Nelson, Matt Farrell, and Ara Topouzian

Special thanks to our presenting sponsor Lake Michigan Credit Union and event sponsors Oakland University and First State Bank.


Here are some highlights from the event via Twitter:

Ara 2 tweet

Jeanette 2 Tweet

Ara tweet

Kirk Pinho tweet

Dorn Berden Tweet

Jeanette Tweet