David Owens 5th 3rd Bank

Ann Arbor Economy

The University of Michigan shapes Ann Arbor's economy significantly. It employs approximately 30,000 workers, including about 7,500 in the medical center.[16] Other employers are drawn to the area by the university's research and development money, and by its graduates. High tech, health services and biotechnology are other major components of the city's economy; numerous medical offices, laboratories, and associated companies are located in the city. Automobile manufacturers, such as General Motors and Ford, also employ residents.

Many high-tech companies are located in the city. During the 1980s, Ann Arbor Terminals manufactured a video-display terminal called the Ann Arbor Ambassador. Other high-tech companies in the area include Arbor Networks (provider of Internet traffic engineering and security systems), Arbortext (provider of XML-based publishing software), JSTOR (the digital scholarly journal archive), MediaSpan Media Software (provider of newspaper publishing software and ASP services), and ProQuest, which includes UMI.

Websites and online media companies in the city include All Media Guide, Everything2, and the Weather Underground. Ann Arbor is also the site of the Michigan Information Technology Center (MITC), whose offices house Internet2 and the Merit Network, a nonprofit research and education computer network. On July 11, 2006, Google announced plans to open a 1000-employee Ann Arbor office for its AdWords program later in the year.

Demographics

As of the censusē of 2000, there were 114,024 people, 45,693 households, and 21,704 families residing in the city. The population density was 4,221.1 people per square mile (1,629.9/kmē). There were 47,218 housing units at an average density of 1,748.0 per square mile (675.0/kmē), making it less dense than inner-ring Detroit suburbs like Oak Park and Ferndale (and than Detroit proper), but denser than outer-ring suburbs like Livonia. The racial makeup of the city was 74.68% White, 8.83% Black or African American, 0.29% Native American, 11.90% Asian, 0.04% Pacific Islander, 1.21% from other races, and 3.05% from two or more races. 3.34% of the population were Hispanic American or Latino. Because of the pull of the university, the city has one of the highest foreign-born population percentages in the state sitting at 16.6%.

David Owens

  • Email: David.Owens@53.com
  • Office Phone: 734-214-7903
  • Cell Phone: 734-223-8122
  • Fax: 734-214-7953
  • 5th 3rd, 215 E. Washington Suite 202, Ann Arbor 48104