On May 1st, over 600 people gathered at the Detroit Marriott – Troy for the 29th annual Oakland County Economic Outlook Luncheon, where University of Michigan economists Dr. George Fulton and Don Grimes presented their forecast for Oakland County’s economy.
In their report, it’s been determined that Oakland County is in its fifth year of recovering from the 2008-2009 recession. Even more, it is projected that Oakland County will reach “full employment” (an unemployment rate of 5%) in 2016 – below the projected national average.
Pre-lunch press conference, reviewing the Economic Outlook for Oakland County.
“We are galloping towards our goal of full employment in Oakland County,” Oakland County Executive L. Brooks Patterson said.
In a recent press release from the Oakland County Executive’s Office, Oakland County Executive L. Brooks Patterson said small businesses are growing and thriving in Oakland County, Michigan.
Citing the press release, in 2013, existing small businesses and start-ups obtained triple the amount of loans and capital formation dollars from 2012 with the help of the Oakland County One Stop Shop Business Center.
The Oakland County One Stop Shop Business Center offers more than assistance in helping businesses secure loans and other forms of funding– watch this video and discover how we can help you and your business!