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Business & Industry

Oakland County, of which the Rochester region is part, boasts one of the fastest growing economies in Michigan. Since 1998, Oakland County has been the number one county in Michigan for business expansion and investment. Over 653 foreign firms from 24 different countries have business operations in the county, and so do more than half of the top 100 global Fortune 500 companies. One of those Fortune 500 companies, Chrysler, has its world headquarters in nearby Auburn Hills.

The top emerging sectors in Oakland County include nanotechnology, biotechnology, robotics and homeland security. The county is working hard to bring even more successful, high-tech businesses to the area. Since 2004, the county has seen almost $210 million in new investment, more than 2,400 new jobs created, and nearly $5.2 million in property taxes generated.

Existing and new technology-based and life science businesses within the area are afforded an abundance of resources from Oakland University’s SmartZone Business Incubator, also referred to as OU INC. At hand are university materials and amenities, support technology, business counseling services and assistance with financial and capital acquisition, among other features.

An additional business-focused resource in the area is Automation Alley, an 800-member regional technology organization focused on the economy of southeastern Michigan. Spanning eight counties, plus the city of Detroit, Automation Alley fuses business, education and government in order to fortify and enhance the area’s business environment. Networking, meeting space, the allocation of press releases, an RFP System and seminars and events are just a few of the benefits to membership in this progressive organization.

The Rochester region is home to over 160 manufacturers, over 160 wholesale traders, over 340 retailers and hundreds of other establishments in healthcare, education, entertainment, professional services and more. This multitude of satisfied businesses speaks volumes about the area’s capability for economic prosperity.

This leaves Rochester, Rochester Hills, and Oakland Township in an advantageous position. Not only are they part of one of the wealthiest counties in the United States; they are situated in Automation Alley, Michigan’s premier technology corridor. These cities are perfect areas to start or move a technologically progressive company or small business. Rochester Hills itself has over 15 industrial parks and corporate centers, with several more in the planning stages. The area has seen a massive amount of growth, and is equipped for more in the future. That is why Rochester Hills refers to itself and neighboring Rochester as “the new horizon for living, working and prospering.”