Oakland County city recognized for encouraging entrepreneurship
Berkley has been recognized for its efforts to promote entrepreneurial growth and economic development.
Researchers at the University of Michigan-Dearborn’s Office of Engagement and Impact, recognized Berkley as a five-star community in its annual eCities study.
“Berkley’s staff members pride themselves on excellent customer service and a willingness to work with existing and potential businesses to find solutions that help them achieve their goals,” the city said in a release.
“The city’s robust Downtown Development Authority supports businesses with grants for façade improvements and to expand its successful mural program. This commitment to supporting a diverse business community has helped create a vibrant city where residents can find everything they need close to home.”
The eCities study analyzed publicly available data from 277 communities from 54 counties in Michigan. Researchers focused on five-year changes in property values, community assets and tax rates, which can demonstrate the growth, investments, and cost of doing business within the community.
Over the five-year period of 2019-2023, these communities increased their capital assets, such as new buildings, roads, bike paths and library renovations, by an average of 3.7% per year.
Although accounting for less than 20 percent of the state’s cities and townships, the 277 communities analyzed are home to 71% of Michigan’s population and 87% of the state’s commercial property.
Communities that have seen the strongest growth in business development over the past five years, while controlling the costs of doing business, received five- and four-star honors.
Almost 100 communities statewide received the five-star designation.