City of Detroit Minutes City Council Formal Session 2026-06-16
City Weighs New Economic Development Services Contract
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Description
Detroit officials are considering a $2,091,489 one-year contract with Detroit Economic Growth Corporation to deliver economic development services from July 1, 2026, to June 30, 2027. The City-funded agreement has been sent to committee for review.
Contract Details
Contract Amount
Total Contract Amount: $2,091,489.00
Vendor
DETROIT ECONOMIC GROWTH CORPORATION (DEGC)
Agency
City of Detroit, MI
Contract Type
PROFESSIONAL_SERVICES
Document Date
June 16, 2026
Contract Term
July 1, 2026 – June 30, 2027
Renewal Date
2027-06-30
Renewal Info
Single-year operating agreement for FY 2027; renewal or extension would require future Council action.
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