UM-Dearborn’s iLabs’ eCities research recognizes City of Mt. Pleasant for supporting business in their community

The City of Mt. Pleasant has been recognized for its successes and efforts in contributing to Michigan’s entrepreneurial growth and economic development in the annual eCities study conducted by researchers at iLabs, University of Michigan-Dearborn’s Center for Innovation Research. Mt. Pleasant was honored as a four-star community along with 178 other communities across the state. This is the fifth time the City has been recognized by UM-Dearborn.

 According to City Manager Nancy Ridley, “Mt. Pleasant receiving this recognition is evidence that our community continues to make comprehensive improvements. The Redevelopment Ready Community certification process provides the City an opportunity to review and continually improve upon our current policies and processes.” Ridley continued, “The increased level of investment to our commercial corridors is a result of this commitment by both our public and private leaders, alike.”

 The eCities study analyzed publicly available data from 277 communities from 54 counties in Michigan. Researchers focused on the five-year changes in property values, community assets, and tax rates, which can demonstrate the growth, investments and cost of doing business within the community. For example, over the five-year period of 2014-2018, these communities increased their capital assets by an average of 2.25 percent per year by investments such as road and parking structure improvements, water main and streetscape upgrades, as well as police, fire, and computer equipment, while property tax rates increased by less than 1 percent on average per year.

“While accounting for only about 15 percent of the cities and townships in Michigan, the 277 communities analyzed are home to 70 percent of the population and 85 percent of the state’s commercial property,” said Tim Davis, the College of Business’ assistant dean for student engagement and success. “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.”

UM-Dearborn’s iLabs’ eCities research recognizes City of Mt. Pleasant for supporting business in their community

MT. PLEASANT, Mich. – The City of Mt. Pleasant has been recognized for its successes and efforts in contributing to Michigan’s entrepreneurial growth and economic development in the annual eCities study conducted by researchers at iLabs, University of Michigan-Dearborn’s Center for Innovation Research. Mt. Pleasant was honored as a four-star community along with 180 other communities across the state.

Michelle Sponseller, Downtown Development Director shared, “Mt. Pleasant receiving this honor is evidence that our community continually strives to make comprehensive improvements in all facets. Every decision we make is geared towards growing our local economy.  The increased level of investment to our commercial corridors is a reminder of this commitment by both our public and private leaders, alike.”

The eCities study analyzed publicly available data from 277 communities from 54 counties in Michigan. Researchers focused on the five-year changes in property values, community assets, and tax rates, which can demonstrate the growth, investments and cost of doing business within the community. For example, over the five-year period of 2013-2017, these communities increased their capital assets by an average of 2 percent per year by investments such as street and building improvements, technology, and emergency vehicles and equipment.

“While accounting for only about 15 percent of the cities and townships in Michigan, the 277 communities analyzed are home to 70 percent of the population and 85 percent of the state’s commercial property,” said Tim Davis, director, iLabs. “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.”

Mt. Pleasant will be acknowledged Thursday, Nov. 29, during the Executive Speaker Series panel discussion, which will discuss Michigan’s economic growth, including key areas such as capital, infrastructure, industry, and the ecosystem. The panel, moderated by Dr. Brian Patrick Green, Czarnecki Collegiate Professor, UM-Dearborn College of Business, will feature William Adams, Senior International Economist, PNC Financial Services Group; Maureen Miller Brosnan, Executive Director, Michigan Venture Capital Association; Kristina Kolbas, SVP Enterprise Services, Quicken Loans; and Jeff Marston, V.P. of Business Services, Comcast Business, Heartland Region. The event, hosted by WWJ Newsradio 950’s Murray Feldman of the Feldman Report, is free, but registration is required.