Increase Business Investment
As measured by annual investment of companies in the county
Why Is This Important?
Metric Definition
Dollars invested and jobs retained/created are estimates that companies report at the start of the project and may not represent what has actually occurred. Data is reported only for county business attraction and retention projects and does not represent all business investment.
Data source: Oakland County Economic Development department.
Analysis
Business investment in Oakland County over the last four years peaked in 2019 at $557 million. Investment in 2020 took a substantial hit due to the COVID-19 pandemic but has recovered well throughout 2021.
Current Status
Maintaining a strong base of existing companies in Oakland County is the foundation of any economic development program. The Oakland County economic development team is meeting with hundreds of businesses per year to help connect them with resources and partners that can assist in their expansion and growth. Additionally, an important component of this effort is helping existing businesses to incorporate Industry 4.0 technologies into their organization and production processes.
Learn More
For more information on the programs and services offered by the Economic Development office, visit Advantage Oakland.
Oakland County, Michigan | 1200 N. Telegraph Road | Pontiac, MI 48341 | 248-858-1000