UM-Dearborn’s iLabs’ 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 94 other communities across the state. This is the fifth time the City has been recognized by UM-Dearborn.

According to City Manager Nancy Ridley, “We are pleased the City of Mt. Pleasant is receiving this recognition for the fifth time. Economic development is only successful when both public and private sector leaders work together and realize the importance of consistent and quality growth to our community. This designation is an indicator of that dedication and commitment.”

The 2020 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 2015-2019, these communities increased their capital assets by an average of 2.4 percent per year by investments such as library equipment, building, water, and sewage improvements, and street renovations, while property tax rates increased by less than 1 percent on average per year.

Although accounting for less than 20 percent of the State’s cities and townships, the 277 communities analyzed are home to 70 percent of Michigan’s population and 87 percent of the state’s commercial property. “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.

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.”