Detroit Bankruptcy Turns Spotlight to Business Development

[Black Enterprise]

Detroit

The City of Detroit’s filing of Chapter 9 bankruptcy may be a blessing in disguise for Detroit’s business community, according to Michigan Business and Professional Association President and CEO Jennifer Kluge.

“The business community long ago committed to re-developing the City of Detroit,” said Kluge. “With the City’s path forward is no longer in doubt; now public officials must follow the direction of the court and finally address long-simmering financial issues which means that private sector leaders can proceed with their plans knowing that the City’s financial issues are being addressed,” she continued.

Kluge pointed to a number of signs that prove businesses both large and small are committed to keeping Detroit alive:

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