Oakland County reports over $185 million worth of investment projects in 2019

RO Henry Ford bldg

The largest investment across all sectors totaled $70 million from Henry Ford Health System in Royal Oak.

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The numbers reveal it’s been a good start to 2019 for Oakland County.

Through April, the county experienced around $185.5 million worth of investments across a wide range of industries including advanced electronics and materials, health care, alternative energy, manufacturing, information technology and communications. In total, 1,472 jobs have been created and 1,294 retained.

The largest investment across all sectors totaled $70 million from Henry Ford Health System in Royal Oak.

 This project, which is expected to create 200 jobs, involves the construction of a six-story, 145,000-square-foot outpatient medical center, called The Royal Oak City Center, that will house more than 200 physicians, nurses and staff. 

Todd Fenton, Royal Oak’s economic development manager, said Henry Ford Health System signed a 26-year lease after building construction had already begun. 

“It’s always great to setup what you hope to be a solid double or triple and get a home run,” said Fenton. “We’re hoping this project will bring more consistent foot traffic into the city. There will be thousands of visitors to this center year, some of whom may not have ever been to downtown Royal Oak before. We hope to capture some of that economic impact.”  

Over in Auburn Hills, Swedish-based Autoliv Asp, Inc. is investing $32 million by expanding its North American headquarters and technical center. The project is expected to create 100 jobs while retaining another 250 jobs. 

 

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