Free Essay

Detroit Bancruptcy

In:

Submitted By bleri1
Words 315
Pages 2
The City of Detroit bankruptcy is a historical event since the city of Detroit is one of the largest cities ever filed for bankruptcy. However, the court trial will decide after considering all the facts and testimonials, if City of Detroit will qualify for bankruptcy. City of Detroit has filed for bankruptcy mainly because of financial factors such as expenditures were higher than revenues, the high level of debts and bad management. In the audit report issued for the 2012 there were many qualified and adverse opinions with regards to the financial statements. The fact that City of Detroit filed for bankruptcy, as hard as it might be, would give the city a new start and a new way of managing and thinking. This city needs restructuring and functioning under a new economic vitality. By developing new strategic plans such as new employment opportunities and offering reliable services for its residents and businesses, city of Detroit will regain its role in the economic vitality of Michigan.
The economy of Detroit plays a key role in the economic development of Michigan. City of Detroit is known as the Motor City for the innovations in the auto industry but also for its goal diversifications into emerging fields such as information technology and advanced manufacturing.
Encouraging advantage are the different tax incentive programs that city of Detroit offers. For example, Detroit Renaissance Zone Tax includes a waiver of city income and utility users taxes, most city property taxes, county property taxes. The program applies to businesses that will conduct business within the area and are not delinquent in any local, county or state taxes and once qualified there is no need to reapply.
Should our corporation consider being part of big changes in Detroit and consider the benefit of tax incentives, I would be happy to further assist in this initiative.

source of information

http://www.clickondetroit.com

Similar Documents

Free Essay

All the Dogs

...It’s about fifty degrees and we have not gotten snow in about two weeks. How far are you? About eighty words so far. Quite a few more for me to go. What do you think? Hm… I suppose that I can continue to listen to Eminem. Or is it Slim Shady? Only the shadow knows. Speaking of shadows, do you know if a tree falls in a forest and no one is there, does it make a sound? Yes it does, of course. I can also tell jokes. What do you call a lazy kangaroo? A pouch potato! Yes, I know that was a bad joke. I also have more jokes if you would like to hear. Here is more of my essay. How far now? About one hundred and eighty nine words. Yep. Everything looks like it is eight mile now. Really? It is a lot safer in this area than downtown Detroit. Did you know that Detroit is not as dangerous as people seem to believe that it is? Actually Hamtramck is much worse. People have to lock their doors as they drive through the city since people will come up to one’s car and try and take parts off of it as it moves. Scary, huh? All...

Words: 269 - Pages: 2

Premium Essay

Detroit

...Detroit – Essay In the beginning many went to Detroit to pursuit the American Dream. Then in the early 1900’s Henry Ford an American industrialist, and the founder of the Ford Motor Company, and also the sponsor of the development of the assemble line to do mass production. He brought mass production of the automobile to Detroit, making it a place where you could secure your economics, and many could get a job with pension afterwards. The base of Detroit’s economics laid its ground in the automobile industry for quite some time. The automobile industry through the 20th century had many good years but also a lot of bad years. Many factories’ met a wall, which lead to a lot of lay-offs and which furthermore not only hurt the Detroit’s economics but the United States as well. A lot of times when you think about Detroit you get this picture of a ghetto city, with a great deal of violence and “black people”. This might be the reason for Carolyn Edgar to write the article “My happy Detroit”. In the start of the article Carolyn writes “The city didn’t die when the white flight hit in the 1960s. It became a bastion for black families like mine.” This is might her way of telling that there is still people living there, and we should not just forget them even though the city has been on a downfall. Growing up Carolyn Edgar loved the summer, their garden was in full bloom, and they had the opportunity of enjoying strawberries, cucumber and so on. As she Carolyn says herself “You might...

Words: 828 - Pages: 4

Free Essay

Dasdasda

...Bin Pan UP 100 2016/4/7 The City of Detroit and its Marvels Detroit is probably one of the most beautiful cities in the world. With an area of almost 143 square miles, it is home to some of America’s most priceless sceneries. What I love about Detroit is that it is a representation of a city that is not too large but is not too small, providing an avenue where people can be closely acquainted while maintaining an economically dynamic atmosphere for fashion, finance, entertainment, education, science and technology, and transportation. The weather in Detroit is, I would say, evenly distributed throughout the year – extreme weather occurrences are not common making the city very much liveable. The city boasts its towering city scape, displaying architectures that took inspiration from both the ancient and modern architectural designs. This integration somehow preserves the sensation of medieval civilization and the angst of modern life. The metropolitan Detroit is home to some historical landmarks including St. Joseph Catholic Church and the Cathedral of the Most Blessed Sacrament – both are situated within the heart of the metro, hinting contrast of antiquity and modernism. Although Detroit is a big city, it is only the 18th most populous city in America. Not so typical of metropolitan cities. However, this poses the opportunity to enjoy the extents of its parks and amusement centres without having to worry about mob or heavy crowd. However, there is not much diversity...

Words: 509 - Pages: 3

Premium Essay

Strategic Outline

...know when we could meet at your convenience to further discuss my experience and interest in this opportunity. Sincerely, Andre’ G. Moore Andre’ G. Moore Andre G. Moore 10841 Oak Park Blvd, Oak Park, MI 48237 248-259-9895 Amoore11031969@gmail.com Objective | To obtain a challenging position within General Motors where my experience and work ethics will contribute to the continuing growth and success of General Motors | Education | * * 1/11- Present University of Phoenix * Southfield, MI Campus * Program: Bachelor of Science in Business/ Concentration in Management * Expected Graduation Date: June 2015 * * 9/84 – 5/88 St. Martin DePorres High, Detroit, MI * | Experience | 6/02 – Present Severstal North America Dearborn, MIRailroad Department, Locomotive Engineer 7/10- Present * General Switching – consists of transporting raw materials throughout Rouge Complex * Movement of rail cars, coil cars, coke hopper cars, scrap gons and treadwell * Proficient in R’MIS System * Stage Treadwell @ Blast furnace * Hot Bottle transporting liquid hot metal from Blast furnace to Basic Origin furnace (BOF); converting iron to steelTandem Mill Department, Tandem Mill Operator 6/02 – 7/10#2 Stand Operator on Tandem Rolling Mill#4 Stand...

Words: 330 - Pages: 2

Premium Essay

Henry Ford: Father Of The Development Called The Assembly Line

...Henry Ford, was an American industrialist who was born in the early 1860. As a young boy, Henry worked as a farm boy and he was very unsatisfied. At the age of 16, he decided to leave home to work in as a machinist in Detroit. In later years, he learned how to skillfully operate service steam engines. Henry Ford was also, the sponsor of the development called the Assembly Line. Henry Ford soon got married in 1888 to Clara Ala Bryant and had their first child named Edsel Bryant Ford. Henry Ford once said, “Whether you think you can or you think you can’t, either way you’re right.” He made this quote valid by saying in the quote ‘Think.’ When he was a tad bit younger his father gave him a pocket watch that he soon took apart. Henry immediately...

Words: 340 - Pages: 2

Premium Essay

Henry Ford In The 1920's

...Henry Ford The 1920’s was a period when the world war ended. This was an era where people started to celebrate. Everyone hopped onto there feet and began to dance to music to celebrate the end of the war. This was an year that Henry Ford made success in his career. Henry Ford was born the 30th of July 1863 on a farm in Wayne County, Michigan. The first job Ford had when he left the farm was at Flowers Brothers Machine Shop. He was into machinery so he wants to pursue his career into it. He salary for the job was $2.50 per week which wasn’t a bad pay for them back then. Henry was married to a women name Clara Bryant in the year of 1888. Clara gave birth to a baby boy name Edsel Bryant Ford. Ford entered one of the cars he manufactured...

Words: 365 - Pages: 2

Free Essay

Where Are We

...Ahmad Baiyasi Honors 1000 Dr. Buccellato 24 September 2014 Who Are We? Campus Martius Campus Martius Park is an important gathering area for downtown Detroit. The re-established commercial center is undergoing constant renovation, with added public attractions such as new street level cafes and public sculptures to help attract Detroiters to one of the most vibrant parts of the city. Zlati Meyer states that Campus Martius helps to essentially revitalize downtown Detroit both economically and socially by getting people outside to enjoy their city (Meyer). Known as the “Point of Origin", the park is one of Detroit’s premiere areas. The historical decay and eventful rise of Campus Martius demonstrate Detroit’s own struggle for restoration. From its historical significance, physical, and behavioral aspects Campus Martius illustrates the city of Detroit and its citizens, a hopeful and persistent group of people. Campus Martius, translated as “military ground” in Latin, was named after a 180-foot stockade in Marietta, Ohio. It served as a militia training area in the late 18th century (Campus Martius). The fire of 1805 severely damaged the city of Detroit, prompting Judge Augustus Woodward to remake the entire city on a grid plan similar to Washington, D.C (Martelle). He organized the street and park layouts, and elicited help from some of the most recognized Canadian surveyors. They established the “Point of Origin” located in present day Campus Martius. This point is now...

Words: 1110 - Pages: 5

Free Essay

El Famoso Liampiabrisas

...Kearns había nacido en el 1927 en Gary, cerca de Chicago, pero creció cerca de la planta de Ford en River Rouge, al sur de Detroit. Durante su paso por el instituto destacó como violinista y atleta. Más tarde se convertiría en agente adolescente de la agencia antecesora de la CIA durante la Segunda Guerra Mundial. Después se graduaría como ingeniero por la Universidad de Detroit y posteriormente obtuvo un doctorado, y durante los 11 años siguientes dio clases en la Universidad de Wayne State, Detroit. La historia de los limpiaparabrisas comenzó durante su noche de bodas, en 1953. Desafortunadamente, esa noche el corcho de una botella de champan le dio en su ojo izquierdo, ojo del que acabaría perdiendo totalmente la visión. A partir de ese día cuando llovía Kearns tenía enormes dificultades para conducir, hasta el punto que tenía que ser su mujer la que le llevara a todos los lados cuando llovía. En aquel entonces, los limpiaparabrisas funcionaban accionados por un cilindro de vacío y lo hacían de manera continua, sin pausas entre una pasada y la siguiente. Se podía variar la velocidad, pero los limpiaparabrisas siempre estaban en medio del campo de visión, lo cual, en algunas circunstancias, resultaba molesto y reducía la visibilidad. Este era el caso de Kearns, al que el constante movimiento de los limpiaparabrisas irritaba, aún más, su ya delicada visión. Otros antes que Kearns habían intentando diseñar un sistema intermitente. El primero había sido un ingeniero de...

Words: 331 - Pages: 2

Premium Essay

Henry Ford's Wheels For The World

...The author of my biography about Henry Ford, Wheels for the World, is Douglas Brinkley who is a professor at University of New Orleans and wrote many other biographies before. To begin, Brinkley is an expert on Henry Ford because of his fascination of Henry Ford interested him to the exposure to the former chauffeur of Henry Ford himself. For instance Brinkley’s fascination started when he was in school, which is when he met the chauffeur, Will Donaldson. Will Donaldson, whose father was an employee at the Ford Motor Company, built a special bond with Mr. Ford which consisted of Donaldson receiving a special pass to any Ford Motor Facility. To support, Brinkley has credentials ranging from earning a Ph.D in U.S diplomatic history to being a...

Words: 334 - Pages: 2

Premium Essay

Political Corruption In Detroit, Detroit

...The city of Detroit, Michigan has suffered a great deal over the past several decades. Starting in 1950s, Detroit faced immense demographic and economic decline, consequently leading towards an increase in crime, poverty, and urban decay. Detroit’s reputation across the country had become known as this dangerous, deteriorating city. The outcome of political corruption in the “Motor City” revealed that even those responsible for making Detroit better had failed. This once booming city now seemed to be neglected and even forgotten. In recent years, the city of Detroit has battled to come back and recapture what it once was: “Motown”. History shows that even the smallest actions can have a great impact on a community and sometimes, especially in Detroit’s case, ordinary citizens can influence more than famous politicians and celebrities. A prime example of this is Detroit resident, Jason Hall and his movement “Slow Role”. Jason Hall is an influential community activist who used his leadership skills to improve Detroit’s economy, environment, and diversity through the formation of a...

Words: 1097 - Pages: 5

Premium Essay

Hazen Pingree Detroit's Greatest Mayor

...Hazen Pingree is arguably Detroit’s greatest mayor since it’s conception. Pingree was the voice of the people and was genuinely liked by a majority of the citizens. He was progressive and took the city in a new direction in the eight years that he was mayor. Detroit politics has always been very shaky and corrupt. Those in power were usually greedy and didn’t care much for the wants and needs of the people they were serving. Pingree was a breath of fresh air for Detroit. He lead the city towards a just was of living where everyone’s needs were met and no citizen was ignored. To grasp what a good mayor he was for the city of Detroit, we must consider what kind of shape the city was in before and after his time in office. At the time, the council...

Words: 663 - Pages: 3

Free Essay

Joe Louis

...JOE LOUIS JONATHAN RIVERA PROFESSOR MICHEAL GOOCH JOE LOUIS This report is about a man that changed American history Joseph Louis Barrow was a world heavy weight champion from 1937 to 1949. He was born on May 13, 1914 Lafayette, Alabama, his father was Monroe Barrow and mother was Lilly Reese. Joe spent 12 years growing up in Alabama, then later moved to Detroit Michigan because of the Klux Klux Klan harassment. Later in his life he went to work part time for Ford Motor company. Louis also attended vocational school to learn how to make cabinets. When the great depression hit Joe began to spend time in a local south recreation center in Detroit, Michigan. This is where he picked up the sport of boxing. He made his armature debut around 1932, he was 17 years old. Louis had numerous victories during his armature career, he earned a club championship of his brewester street recreational center. In 1933 Louis won the Detroit Golden glove novice championship for the light heavy weight classification. The next year he trained and prepared to compete in the Golden glove tournament of championship where he won the light heavy weight classification. Later that year, he also added a national AAU Tourney in Missouri. This caught the eyes of many boxing promoters, they wanted Joe to turn professional. Joe Louis' amateur record was an amazing 50 wins with 4 loses, 43 knock outs. Joe Louis turned pro July 4 1934 he had many heavyweight fight his most notable was his fights with...

Words: 955 - Pages: 4

Premium Essay

What I Ate

...Directions to Farm Bureau Center Directions to Farm Bureau Center 7373 W. Saginaw Highway, Lansing, MI 48917 Search Help Location: Home > FBC Information > FBC Directions Please select one of the following links or scroll forward: From Ann Arbor From Detroit From Flint From Grand Rapids From Kalamazoo From St. Johns FROM ANN ARBOR Take I-23 north to I-96 west to Exit 93B (Saginaw Hwy./M-43 East). Turn east (right) onto Saginaw. Continue eastbound on Saginaw through the first traffic light (Canal Road). Turn south (right) into the second drive (Vermillion Drive). Immediately turn east (left) into the Farm Bureau Center front parking lot. FROM DETROIT Take I-96 west to Exit 93B (Saginaw Hwy./M-43 east). Turn east (right) onto Saginaw. Continue eastbound on Saginaw through the first traffic light (Canal Road). Turn south (right) into the second drive (Vermillion Drive). Immediately turn east (left) into the Farm Bureau Center front parking lot. FROM FLINT Take I-69 west to I-96 east/I-69 south to Exit 93B (Saginaw Hwy./M-43 east). [Note: I-69 west becomes I-69 south and joins I-96 near Lansing.] This exit cloverleafs' east onto Saginaw. Continue eastbound on Saginaw through the first traffic light (Canal Road). Turn south (right) into the second drive (Vermillion Drive). Immediately turn east (left) into the Farm Bureau Center front parking lot. FROM GRAND RAPIDS Take I-96 east to Exit 93B (Saginaw Hwy./M-43 east). This exit cloverleafs' east onto Saginaw. Continue eastbound...

Words: 473 - Pages: 2

Premium Essay

Statement Of Mechanical Engineering

...y passion towards Mechanical engineering and its related areas were developed through various instances of my childhood and academic life. Born into a family predominantly engaged in agricultural trading, my grandfather, a farmer himself, was the first to introduce me to the world of equipment and machinery. Observing objects in motion had always kindled my curiosity as a toddler and kept me wondering about its working. The stepping stones onto becoming a rational individual were laid at Navy Children School, Kochi. NCS provided for the holistic development of its students; sports and extracurricular activities were of particular importance. Leading my team in various competitions of art and sports, as the house captain, helped me showcase my skills as an effective leader winning various accolades. Being a passionate football player, traits like enthusiasm, teamwork, perseverance, and fortitude were inherited down the line. My interest in machines and their working got me thinking about what I should major in as an undergraduate, and I chose Mechanical Engineering. I believed this field could help enlarge and support my inquisitiveness, as it would be an extension to the horizon of the vast subject of mechanics. Our group chose to make a working model of an Air Engine as part of our undergraduate project, a topic which was taken up solely due to its social relevance and environmental impact. This served as a platform to put into practice our theoretical understanding of...

Words: 765 - Pages: 4

Free Essay

General Motors Case Analysis

...competitive. In order to improve the current situation, the company is seeking a strategy to develop for next few years. Analysis and Evaluation Currently, GM has two existing Detroit manufacturing facilities that need to be demolished and replaced by one state of new plant. The new plant would require being close to suppliers and about 500 acres to allow for a new robotics system within the budget of $500 million. Because closing the two existing plants would lose more than 7,000 jobs in local area, Detroit Mayor Coleman Young wants GM to remain and build new plant in the greater Detroit area. Poletown is the only one site that meets both GM and Detroit Mayor’s requirements. However, besides the cost of new plant, GM would have to pay an additional cost of $207 million as compensation to the local residents and as preparation expense. On the other hand, the Sunbelt sates, where have potential cheap labor for GM to reduce operation cost, has offered large tax incentives to GM. Therefore, it would be more profitable for GM to build the new plant in the Midwestern states within the Sunbelt. Alternatives GM has two main alternatives to improve its current situation. First, GM could remain and build the new plant in Detroit area. The benefit is the unemployment rate won’t increase dramatically in Detroit and the reputation of GM will be built. The downside is that GM would have to pay additional costs for compensation and preparation. Second, GM could move and build the new...

Words: 488 - Pages: 2