Fourth consecutive five-star eCities award reflects impact of Romulus development – The News Herald
Five stars for four consecutive years is a record that Romulus City officials are very proud of, and they intend to continue to build on this streak.
City officials recently learned that the city has once again been recognized for its commitment to growing entrepreneurship and economic development.
The annual eCities study, conducted by researchers from the Center for Innovation Research at the University of Michigan-Dearborn, made this recognition.
After the announcement, Mayor Robert McCraight highlighted the city‘s consistent performance and its impact on Romulus.
“The city of Romulus continues to be a prime location for entrepreneurs and developers across the country to start and grow their businesses,” McCraight said. “Receiving five stars in the eCities report for a fourth consecutive year further underscores our commitment to developing our local economy and investing resources in our residents, whether they are looking to start a business or find well-paying jobs in the community. We look forward to another successful year.
According to city officials, Romulus launched 68 new businesses, which created more than 1,633 local jobs last year.
In addition to this, 22 new projects were submitted for approval with 5,296 jobs.
Some of the developments over the past year include:
● The Ecorse Commons Industrial Park, which has created 1,973 new jobs and is expected to have an economic development impact of over $440,000 in annual tax revenue and $15 million in wage revenue.
● Ford Ion Park, a state-of-the-art collaborative learning lab that is part of a $185 million investment and will bring together 200 engineers, researchers, and purchasing and finance managers.
● The Romulus Trade Center, a 171-acre, multimillion-dollar development that will create more than 1,000 jobs and bring in $56 million in property taxes.
● The Kroger Fulfillment Center, a 135,000 square foot high-tech automated center that is scheduled to open in March/April 2022 and will create 250 new jobs.
Romulus is also part of the Detroit Regional Aerotropolis Development Corporation – a four-community public-private economic development partnership with the Wayne County Airport Authority.
Aerotropolis is designated as Next Michigan Development Corp.
This means that he is allowed to provide special incentives for economic development, which in turn stimulate investment and stimulate the economy of Romulus.
The eCities study analyzed publicly available data from 277 communities in 54 Michigan counties. The researchers focused on five-year changes in property values, community assets and tax rates, which can demonstrate growth, investments and the cost of doing business within the community.
As an example, officials pointed out that over the five-year period from 2016 to 2020, these communities increased their capital assets by an average of 2.9% per year through investments, such as parks, water and sewer infrastructure projects and emergency vehicles. , while property tax rates have increased by less than 3% on average per year.