Economic Development
Michigan’s Premier Address for Business, Retail and Commerce
A PREMIER COMMUNITY: Troy is a place where families and businesses thrive. A community recognized for its excellent quality of life, this “safest city in Michigan” has an A+ rated school system, unsurpassed City services, and one of the lowest tax rates in Oakland County. Troy is home to 6,000 flourishing businesses that employ 125,000 people, including some of the most advanced technology companies in the world. Its strategic location also puts residents and visitors within easy reach of a wide variety of recreational and cultural opportunities. Troy has a total area of 34.3 square miles, with over 1,000 acres of park land, two golf courses, nature center, historic village, and a variety of lakes and streams.
AN ENVIABLE LOCATION: Troy’s unique location in the heart of Oakland County, only 20 minutes from Detroit, is within easy access to I-75, I-696 and M-59. The City offers residents and businesses a tremendous competitive advantage, including attractive neighborhoods, excellent schools, prime shopping and employment opportunities.
UNSURPASSED SERVICES: Troy’s Building Department, operated under contract by SAFEbuilt, issues permits on an average of 10 days or less. Troy’s building, permitting and inspection services have received a customer satisfaction rating of 98 percent. Businesses and developers can be assured that the services they receive will be fast, fair and predictable. Troy is creating an environment for investment and looks forward to serving you.
GETTING DOWN TO BUSINESS: Home to seven million square feet of retail space, 21 million square feet of office and engineering space and 16 million square feet of manufacturing space, Troy’s business environment is progressive and diverse with a mix of major corporations and small local businesses. Located in the heart of Automation Alley, Southeast Michigan’s world-renowned technology cluster, Troy is at the center of global automotive and manufacturing technology and a major contributor to Michigan’s ranking as one of the largest high-tech workforce employers in the country.
In October 2012, Troy was identified as one of eight top performing communities in the state of Michigan at fostering entrepreneurial growth and economic development in a study by researchers at iLabs, University of Michigan-Dearborn.
Troy's Economic Development Team is ready to assist you and your business.