Showing posts with label Fortune Magazine. Show all posts
Showing posts with label Fortune Magazine. Show all posts

Tuesday, April 12, 2011

Flint: The Comeback Kid...According to Kiplinger's


Flint has a knack for showing up on the ubiquitous lists that rank some aspect of a city. They're always lists that most cities would like to avoid. Most Miserable. Most Depressed. Most Dangerous. Kurt "Bad News" Badenhausen spends a lot of his time at Forbes compiling these useless tallies. But they sure generate online hits, so they're not going away any time soon.

So even though I've questioned the need for these lists, it's still refreshing when the Vehicle City shows up on a list for something positive. Kiplinger, the influential business forecasting company, has selected Flint as one of 13 "Comeback Cities" in 2011.
The health care and life sciences industries are giving long-suffering Flint a shot in the arm. Diplomat Specialty Pharmacy relocated its headquarters from the suburbs to the city, using a former auto assembly site for its offices, while both the city’s public hospital, Hurley Medical Center, and McLaren Regional Medical Center are bulking up.

Meanwhile, Flint’s traditional employer, the auto industry, is no longer at idle. General Motors -- the community’s single largest employer -- plans to start a third shift at its assembly plant in Flint for a net increase of 750 jobs, phased in over the summer. Flint's employment fell nearly 12% during the downturn, and is forecast to rise about 2.6% this year.


Saturday, January 2, 2010

Down on the Farm in Motown Courtesy of John Hantz


David Whitford at Fortune writes about one man's vision for a new Detroit:
John Hantz is a wealthy money manager who lives in an older enclave of Detroit where all the houses are grand and not all of them are falling apart. Once a star stockbroker at American Express, he left 13 years ago to found his own firm. Today Hantz Financial Services has 20 offices in Michigan, Ohio, and Georgia, more than 500 employees, and $1.3 billion in assets under management. Hantz thinks farming could do his city a lot of good: restore big chunks of tax-delinquent, resource-draining urban blight to pastoral productivity; provide decent jobs with benefits; supply local markets and restaurants with fresh produce; attract tourists from all over the world; and -- most important of all -- stimulate development around the edges as the local land market tilts from stultifying abundance to something more like scarcity and investors move in. Hantz is willing to commit $30 million to the project. He'll start with a pilot program this spring involving up to 50 acres on Detroit's east side. "Out of the gates," he says, "it'll be the largest urban farm in the world."