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Economic Development

Office of Ecomonic Development

Todd Fenton
Economic Development Manager
Phone: 248-246-3208
Email: toddf@romi.gov 

 

Recently named one of the Top 10 Most Exciting Small Cities in America and one of the Top 10 Best Cities for Kids, Royal Oak is a destination for people from all over Metropolitan Detroit.  Nowhere else will you find a greater concentration of award winning boutiques, restaurants, salons, galleries and theatres.

The combined efforts of a proactive city government and Downtown Development Authority have brought about a metamorphosis of the city’s central business district, attracting an energetic mix of technology, creative, and professional service companies.   

That’s our Royal Oak.

Contact us.  We are here to help you make it yours.

 

Doing Business in Royal Oak

About Royal Oak (Courtesy of the Michigan Economic Development Corporation)

Royal Oak's Retail Community Portal

In partnership with national retail recruiting firm The Retail Coach, Royal Oak is aggressively pursuing new retail opportunities throughout the city.  

Click here to access Royal Oak's Community Portal, a comprehensive set of interactive maps and customer profile data which encompasses Royal Oak's retail trade areas and identifies opportunities for underutilized products and services.

Downtown Task Force Report

After a year of study, the Royal Oak Downtown Task
Force, a coalition of community leaders, property owners, and entrepreneurs,
released its vision for the future of economic development in the city. 
The Report showcases eight development ready sites owned by the City in its
central business district and outlines its goal of attracting 180,000 square
feet of Class A office space by 2020 while continuing Royal Oak’s reputation as a
bastion of eclectic and innovative retailers. 

The report can be
downloaded here.

Access to Capital and Incentives  

Click here to discover a wide-ranging list of incentives offered at the state, county, and local level.

Royal Oak's PACE Program

Royal Oak is the latest municipality to establish a Property Assessed Clean Energy Program (PACE) in the State of Michigan.  PACE is an innovative way to help Royal Oak businesses save money, create jobs, grow the tax base and promote environmental sustainability, all at no cost to Royal Oak taxpayers.  Under the program, commercial building owners may voluntarily assume a special assessment on their property tax bill to finance energy efficiency, water efficiency, and renewable energy projects. 

For more information about Royal Oak’s PACE Program, please visit www.leanandgreenmi.com.  An application packet can be downloaded here.

Additional Business Development Resources

Pure Michigan Business Connect

This statewide procurement database connects businesses to billions of dollars of opportunity to help them expand their supply chains, identify new opportunities and provides free or significantly reduced legal, accounting and web services.

Pure Michigan Talent Connect

Employers and job seekers alike can search an extensive database of job openings, post and view resumes and jobs, view upcoming job fairs and tap into a variety of specialty career services

Michigan Business One Stop

Resources for starting a business in Michigan.

Michigan Small Business and Technology Center

The Michigan Small Business Development Center (SBDC) enhances Michigan’s economic well-being by providing counseling, training, secondary market research for new ventures, existing small businesses and advanced technology companies. With offices statewide, the SBTDC positively impacts the economy by strengthening existing companies, creating new jobs, retaining existing jobs, and assisting companies in defining their path to success.

Automation Alley

Automation Alley is a technology business association and business accelerator dedicated to growing the economy of Southeast Michigan and enhancing the region’s reputation around the world.  Automation Alley offers talent and business development programs and services to tech-focused businesses of all sizes to help them grow and prosper.

Oakland University INCubator (Rochester)

The Oakland University INCubator located in Rochester provides assistance with financing and capital acquisition for start-up and spin-off businesses, assistance with developing loan and grant program proposals, business diagnostic assessments, analysis of core aspects of business management competencies, and formal and informal business assistance counseling from qualified business coaches and partner business development, governmental agencies and corporations.

Oakland University INCubator (Macomb)

The Macomb-Oakland University INCubator supports economic development in Southeast Michigan by accelerating high-tech businesses, cultivating academic innovation and encouraging research and development. 

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211 S Williams Street, Royal Oak MI, 48067, Ph. 248-246-3000