In a recent study conducted by iLabs, University of Michigan-Dearborn’s Center for Innovation Research, Ferndale has been recognized as a five-star community for its successes and efforts in contributing to Michigan’s entrepreneurial growth and economic development.
“Each year, the eCities project aims to highlight the successes and continued commitment of cities and townships to grow business and support entrepreneurship within their communities,” said Kari Kowalski, iLabs project manager.
The 2020 eCities study analyzed public data from 277 communities within 54 counties in Michigan. The 277 communities analyzed are home to 70% of Michigan’s population and 87% of the state’s commercial property. The focus of this study included five-year changes in property values, community assets, and tax rates, which demonstrate the growth, investments, and cost of business in the community. Examples of increasing capital asses can include investments of library equipment, building, water, street renovations, and more.
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