Economic Development

Glenn Lapin

Economic Development Specialist

248.524.3314

(g.lapin@troymi.gov)

On behalf of the City of Troy, welcome to our community — Michigan’s premier address for business, retail and commerce.

Troy is a place where families and businesses thrive. Our community is recognized for its excellent quality of life, including being the Safest City in Michigan, offering an A+ rated school system, having one of the lowest tax rates in Oakland County, and providing outstanding City services. In 2015, Troy was named the 4th best small city in the U.S. to start a business by Nerd Wallet.

As one of Detroit’s northern suburbs, Troy is home to 6,100 flourishing businesses — including some of the most advanced technology companies in the world — that employ 125,000 people. 

Troy’s unique location in the heart of Oakland County, only 20 minutes from Detroit with access to I-75, I-696 and M-59, offers residents and businesses a tremendous competitive advantage,including attractive neighborhoods, excellent schools, prime shopping and employment opportunities.  Our strategic location puts residents, employees 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 900 acres of parkland, two golf courses and a variety of lakes and streams.
Office Building

Troy is a prime location for new and expanding businesses. 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 technology and manufacturing and a major contributor to Michigan’s ranking as one of the largest high-tech workforce employers in the country.

Combine the City’s abundant job opportunities with an excellent quality of life and it comes as no surprise that Troy offers one of the state’s friendliest business environments.  With our forward thinking Master Plan, new and flexible Zoning Ordinance and building permitting and inspection services provided by SAFEbuilt, Troy provides development processes that are fast, fair and predictable. Those interested in relocating or expanding their business in Troy can expect to receive a warm welcome from the City’s Economic Development Team.

We invite you to visit us today and explore all that Troy has to offer.  We are truly creating an environment for Investment in the City of Troy, and we look forward to working with you.

 

Sincerely,

Glenn Lapin

Economic Development Specialist

Did You Know?

  • Troy is the largest city in Oakland County (pop. 80,980), 13th largest city in Michigan, and third largest city in the state based on total property value.
  • Troy is a highly educated community with 57% of its population obtaining a bachelor's degree or higher.
  • Troy is the second most diverse city in Michigan. The City is home to a vibrant and diverse international community - 83 different languages are spoken in Troy homes.
  • Troy is the world headquarters of two Fortune 500 companies - Meritor and Kelly Services.
  • Troy is a major financial services hub in the state of Michigan. Flagstar Bank and Talmer Bank are headquartered here. PNC Bank, Bank of America, Huntington Bank and other financial institutions have regional operations in Troy.