Wednesday, November 16, 2011
"Struggling Detroit Seeks Economic Boost": How Mo Town can Recover
With the decline of the City of Detroit the last twenty years or so, with three recessions including the "Great Recession". That we are still going through, with the Information and Technology Revolution. With the decline of the American Auto Industry which is just starting to rebound. And of course with Detroit being the American Capital of our Auto Industry, something like 1M jobs in the Detroit Area and the State of Michigan. Being affiliated with our Auto Industry and with all of the job cutbacks in the Auto Industry. And with the decline of Public Education in Detroit and the rising Crime Rates. Detroit as a city has been taking a whipping for about twenty years, to the point where they've lost half of its population. In 1990 Detroit was a city of about 1.5M people and a Metro Center of about 5M people, about the size of Philadelphia. The fifth or sixth largest city in America and one of the top ten Metro Centers in America and of the the wealthiest cities in America. To today they are still a big city but about half the size and one of the poorest cities in America. Detroit was so tied to the Auto Industry, sorta how Los Angles is tied to the Entertainment Industry. That when the Auto Industry is doing well, Detroit is doing well and when the Auto Industry is not doing well. Neither is Detroit and when the Auto Industry plummets like the last ten years, Detroit has plummeted. Their Tax Receipts have plummeted and as a result so have their Public Education, crime has gone way up and people have moved out as a result.
If the expression "there's light at the end of the tunnel", and Detroit really needs for that expression to be true. But here's why that expression may be true and I usually don't use Sports News in my blogs. Unless of course I'm blogging about Sports, which then it seems to me to make sense to use Sports News in a blog. But the Detroit Lions the worst NFL Franchise in the last ten years are rebounding and unless they blow it. And I'm not trying to jinx them, I mean these are the Lions I'm talking about. Have a good chance of making the NFC Playoffs this year. They haven't made the playoffs since 1999 or even had a Winning Record since 1997, they actually went winless in 2008. But that of course is not enough to rebuild a city, especially a big city like Detroit. With the Auto Industry declining and now rebounding, this has given Detroiters and their City Government. Led by their Mayor Dave Bing to take another look at their Economic Policy. Instead of just relying on one Auto Industry, bring in several. In High Tech and other White Collar jobs, employees are great to have but Detroiters are becoming Business Mangers and Owners. And Detroit is building an Economic Environment to attract new Private Industry there that bring in good jobs for people in Detroit. A Tax and Regulation Policy to make that happen for Detroit.
Detroit is rebounding because they are building an Economic Environment to make that happen. Low Taxes and Smart Regulations so business's want to do business in Detroit, the Detroit Area and the State of Michigan. And as the new Private Industry's move in and a lot of them will be built by Native Detroiters. And others and as the Auto Industry is rebuilding in Detroit, then Detroit will have the resources. To rebuild their Public Education System so they can produce the workers for these jobs. And be able to fight crime more effectively and people will start to move back and move in to Detroit.