Oakland County experienced a significant decline in the total amount of foreign and domestic private investment in 2020 compared to previous years.Â
Michigan s second-largest county, known by many as the state s economic driver, was impacted heavily by the pandemic from an economic development perspective.
Between January and November, the county experienced around $160M in total private investment across all sectors with over 1,100 new jobs created and over 1,400 jobs retained. In 2019, total private investment experienced was around $575M.Â
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According to the Michigan Economic Development Corporation, the county has experienced $204.5 million in total private investment since October 2019, resulting in 540 jobs committed across 113 projects. These projects received $68.1 million in total public support at the federal, state, and local levels.