Each year, with the help of independent research, we examine Oakland County’s Economic Outlook.  

The 2026 report released last week by economists from the University of Michigan provides a clear snapshot of where we are and where we’re headed: Though we are facing headwinds, Oakland County’s fundamentals are strong, and we are outperforming our state and country in many areas as we manage these challenges. 

The unvarnished truth is that there are some twists and turns, such as the squeeze on our automotive jobs caused by tariffs and higher fuel prices from the war in Iran. We are not immune to the global economy. 

So, while we saw a loss of manufacturing jobs last year, those jobs are expected to return in 2027 through 2028, driven in part by the reopening of GM’s Orion Assembly plant. That will help our automotive sector regain 1,400 jobs. We also anticipate declining employment in professional and technical services.  

And yet, here’s what remains steady: our fiscal policy is rock solid. We continue to maintain a AAA bond rating. And our budget is balanced for the next three years. Those essentials give us the stability we need to navigate challenges and continue leading as Michigan’s economic engine. 

And that means continuing to grow Oakland County’s global reach. 

When I talk to business owners interested in expanding into America or Michigan, I share what makes Oakland County special. I talk about our strong economy and how our welcoming environment sets us apart to not only welcome international investment, but also the immigrants it takes to work in those companies, as well. And I’m proud to say we’ve been very successful with that message.  

Companies need talent, and the only reason Oakland County’s population is growing is because of immigration. And I’m going to continue to champion policies and efforts that bring talented people here to work in the great companies that we have. We can’t have a strong economy without a skilled and talented workforce to fill the jobs. 

Today, we’re home to more than 800 foreign-owned companies. Their presence is a testament to the quality of our communities and the competence of our workforce. And I want to grow that number. 

I’m confident in where we’re headed, despite see-sawing federal policy decisions. If you want to know what drives my confidence, it’s simple: 

• We lead the state in gross domestic product (GDP) per capita. 

• We have a highly educated, highly skilled workforce. 

• And nearly half of Michigan’s research and development activity is happening right here.  

I remain optimistic because we’ve faced challenges before, and Oakland County’s resilience will always win out and position us for long-term success.