Returning to the Revitalized Motor City
RAPID + TCT is returning to its birthplace in 2019, Detroit, where the city is experiencing a resurgence filled with new developments, investments, and tech startups. The Comeback City has experienced more than $13 billion in new investments across 200+ projects since 2006. Detroit has an exploding startup scene, including 35 active venture-backed startups. With the highest concentration of engineering talent in the United States, the Detroit region is home to one of the country’s most skilled workforces. As a national leader in automotive manufacturing and R&D, the culture of innovation is thriving.
Michigan: A Manufacturing and R&D Powerhouse
Michigan ranks number one in automotive manufacturing, a key adopter of additive manufacturing technologies, and number four in total manufacturing jobs of any type. The Great Lakes State is also a national leader in cutting-edge research and development, where key industry players from around the world have facilities to remain at the forefront of innovation. Michigan ranks second in the nation in research and development spending and leads the nation in automotive-related R&D.
- Michigan leads the nation in original equipment manufacturer (OEM) assembly plants (13) OEM components/materials plants (35), and tool and die establishments (1,400).
- Including suppliers, there are over 1,700 automotive-related manufacturing establishments in Michigan.
- Since 2010, Michigan has received $27 billion in OEM and supplier investment, more than any other state or province in North America.
- More than 2,200 facilities conduct automotive research, design, engineering, testing and validation in the state of Michigan.
Research & Development
- Michigan is home to 375 automotive R&D centers, 120 of which are foreign-owned.
- Michigan spends more than $10 billion on automotive R&D annually – 75 percent of the U.S. total.
- Over the past 50 years, Michigan has accounted for over 20,000 automotive patents, and leads the country in navigation and smart mobility patents.
- In 2017, the National Institutes of Health awarded more than $677 million to Michigan to fund research projects, of which $595 million was awarded to organizations in the Detroit region.
Sources: U.S. Census Bureau, Detroit Regional Chamber; Michigan Venture Capital Association (MVCA)