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Magazine Calls Archer Top

DETROIT-The city is cited by BusinessWeek for $17 billion in economic growth either underway or on the drawing board, plus Mayor Dennis W. Archer's more regional view toward luring businesses to the area.

By Robert Carr | Updated on April 05, 2001

DETROIT-Mayor Dennis W. Archer has been noted as the nation’s “urban renewer” in a section titled, “The Gurus of Growth” in this week’s BusinessWeek magazine. Detroit was often noted as the city with the most divestment of financial and human resources, Archer says.

“Clearly, with nearly $13 billion of economic development activity occurring inside Detroit and another $4 billion on the drawing board, people are taking notice of the strides we are making as a city,” Archer says. “We’ve come a long way from the days of double-digit deficits and poor investment in our community. We still have challenges to face, we are making long strides in the right direction.”

In the past, local communities practiced the politics of diminishing resources by concentrating most of their economic development efforts on luring one company from a neighboring community to theirs. Opportunities for real growth were lost as local communities engaged in a shell game of simply moving one company and its tax base from one community to another.

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