Dearborn named Four-Star Community for Economic Development by UM-D study

DEARBORN – For the eighth year in a row, the city of Dearborn has been given a high rating by University of Michigan-Dearborn’s Center for Innovation Research, recognizing the City’s ability to foster entrepreneurial growth and economic development.

The recognition comes as part of an annual “eCities” study conducted by University of Michigan-Dearborn’s iLabs. The study analyzes publicly available data from 277 communities from 54 counties in Michigan, which are home to 70 percent of the state’s population and 85 percent of the state’s commercial property.

Dearborn is one of 90 Michigan cities and townships given the four-star rating.

“We appreciate this honor, which recognizes that the city of Dearborn is actively engaged in promoting our community as an outstanding place for businesses to invest,” Mayor John O’Reilly Jr. said. “This recognition is in line with the State of Michigan recently naming us as one of only a handful of certified Redevelopment Ready Communities.”
Dearborn has received a four-star honor each year since 2016. The city earned five-star designations from 2011 to 2015.

Dearborn and the other communities included in the list were recognized by iLabs at a Nov. 29 ceremony at UM-D.

“By analyzing these high-performing communities, our goal is to showcase what cities and townships are doing to spur growth and how we can continue to support their efforts in developing business and encouraging entrepreneurs,” said Tim Davis, director of iLabs.
The annual eCities project, which began in 2007, uses data supplied by participants, as well other public records to assemble a six-factor, 32-item index of entrepreneurial activity, examining factors like clustering, incentives, growth, policies, community and education.

The study’s focus on entrepreneurship reflects its importance to the expansion and diversification of Michigan’s regional economies and the impact small businesses have on job creation.

Tags: