The Detroit Homecoming takes place this week, bringing more than 150 expats back to Detroit to reconnect and reinvest. Crain's will provide live coverage throughout the week.

Crain's Coverage

Highlights from stories that made Homecoming headlines

 Warren Buffett (right) talks shop with Dan Gilbert on stage Thursday during Detroit Homecoming at CCS. (AARON ECKELS) Lots of headlines came out during Detroit Homecoming, from real estate investment to philanthropic plans, and the conference is meant to stimulate more investments. Here are highlights from stories that made Homecoming headlines.

Expats join Detroit's comeback story, as Homecoming sparks inspiration – and city mortgage plan

 By the time the Detroit Homecoming adjourned Friday afternoon, a group of expats had hatched an idea of raising $10 million to issue mortgages in the city. It's one of many ideas to support what's already happening on the ground in Detroit that abounded during the three-day event.

Tech investments highlight region's role in auto makeover

 GM CEO Mary Barra speaks at the Detroit Homecoming event. Just moments before Barra's appearance on Friday, GM announced it would build a "top-end, high-technology" Cadillac at its Detroit-Hamtramck assembly plant. (Aaron Eckels for Crain's Detroit Business) Southeast Michigan is at the center of the automotive industry's reinvention, for the second time. This time, though, that reinvention is all about the connected car and vehicle safety and efficiency features.
Kirk Pinho

Ideal Group CEO hires gang members: Here's why

 Frank Venegas Jr. and Gwen Butler, president of Capri Capital, participate in a panel on diversity on Friday morning at Detroit Homecoming. (Aaron Eckels/Crain's Detroit Business) Frank Venegas Jr. had a bold, unconventional idea in 1979 when he founded Detroit-based Ideal Group.
Tom Henderson

Old school meets new at Detroit Homecoming pitch event

 Sam Valenti III moderated a pitch contest Friday at the Detroit Homecoming at the College for Creative Studies. (Aaron Eckels for Crain's Detroit Business) Old school met new school Friday morning at the pitch contest that was held at the College for Creative Studies in Midtown on Day 3 of the first Detroit Homecoming even put on by Crain’s Detroit Business.

Mass transit, land use, entrepreneurs support key to Detroit revival, Kresge exec says

 Rip Rapson, president of Kresge Foundation, told Detroit Homecoming attendees that Kresge has “deep roots in Detroit going back 90 years." (Aaron Eckels for Crain's Detroit Business) In a Detroit Homecoming presentation this morning, Kresge Foundation President Rip Rapson focused on three of the foundation's priorities in Detroit: public transit, spurring an entrepreneurial economy and land use.

'What do you believe in?' Expats wrap up Detroit Homecoming with advice for moving forward

 Expat Julia Farber, co-founder of Detroit XPAC, writes down her idea for taking things forward after Detroit Homecoming. (Aaron Eckels for Crain's Detroit Business) Former Detroiters come home - and offer suggestions for moving Detroit forward.

CEO Mary Barra: GM working toward 'zero defect mentality'

 General Motors Co. CEO Mary Barra started the second day of Detroit Homecoming on Friday morning by opening up about being the target of U.S. Congress -- and "Saturday Night Live" -- and about befriending billionaire Warren Buffett.

Motown founder Berry Gordy Jr. receives inaugural Detroit Legend award

 Motown Records founder and Detroit native Berry Gordy Jr. was presented with the inaugural “Detroit Legend” award as part of the Detroit Homecoming conference Thursday evening.
Dustin Walsh

Hunting for whales: How we landed a 6-minute interview with Warren Buffett

 Dan Gilbert and Warren Buffett, interviewed by Dustin Walsh before going on stage at the Detroit Homecoming. (David Hall / Crain's Detroit Business) Any experienced reporter will tell you scoring the right interview with the right person is the culmination of the "hunt."
Kirk Pinho

Mike Posner's 'Buried in Detroit' hits close to home

 Mike Posner performs "Buried in Detroit" for the Detroit Homecoming crowd on Friday. (Aaron Eckels/Crain's Detroit Business) I’m a reformed version — although a markedly less successful version — of what we at Crain’s Detroit Business have been calling "expatriates" for the last three days as part of the Detroit Homecoming event.

Billionaires banter: Buffett, Gilbert talk business philosophy, Detroit investment

 What happens when two billionaires meet on a stage? A wide-ranging, humorous exchange, if those two billionaires are Dan Gilbert and Warren Buffett.

Warren Buffett tells Crain's: I'm ready to buy in Detroit 

 Dan Gilbert and Warren Buffett talk with Crain's Detroit Business reporter Dustin Walsh at the Detroit Homecoming event Thursday. (David Hall/Crain's Detroit Business) Warren Buffett, billionaire investor and chairman and CEO of Berkshire Hathaway, said in an exclusive interview with Crain's that he's bullish on the city and is looking for the right investment.

Construction to begin Sept. 25 on new Wings arena, entertainment district

 A panorama of the planned arena site shows an area that will look substantially different when the new Red Wings home is scheduled to be finished in 2017. (David Hall/Crain's Detroit Business) It's official: The ceremonial groundbreaking to herald construction of the $650 million Detroit Red Wings arena and entertainment district centered at Woodward and I-75 will happen Sept. 25.

Whole Foods seeks site for second Detroit store

 Austin, Texas-based Whole Foods Inc. is looking for a second location in Detroit, Co-CEO Walter Robb announced while speaking at Detroit Homecoming this morning.

'We can't get mortgages': Duggan asks expats to help solve Detroit blight crisis

 “The single biggest problem to restoring blight is that we can't get mortgages,” Detroit Mayor Mike Duggan tells an audience of 160 at the Detroit Homecoming at the College for Creative Studies. (Aaron Eckels) As Mayor Mike Duggan told a roomful of Detroit expatriates this morning about his plan for rebuilding the city one street light and sewer main at a time, he also asked for Detroit Homecoming attendees' help in solving a problem that could hinder the city's progress: mortgages.
Sherri Welch

$10M gift from Detroit expat to youth programs started with a conversation 2 years ago

Who knew a conversation I had two years ago would help spur a $10 million gift for youth programming in Detroit? Thursday morning at the Detroit Homecoming, it was announced that Adam Levinson, CIO of Fortress Investment Group's $2.9 billion Fortress Asia Macro Fund, pledged a donation to the newly launched Detroit Children’s Fund.
Other Voices

How Harlem's rebirth can happen in Detroit

Detroit is having a moment. With bankruptcy hopefully soon in the rearview mirror, I can’t open a newspaper or check my Twitter feed without seeing another hopeful story of the city’s rebirth – whether it’s a family moving to one of the city’s struggling neighborhoods to renovate an abandoned home or a new small business opening up in the West Village. Having grown up right outside of Detroit, I can’t remember a moment of greater excitement or opportunity.
Jennette Smith

At Detroit Homecoming, I'm just getting along famously

I’m not usually a person who gushes about feeling starstruck or seems overly effusive after chatting with the business VIPs we interview on a daily basis at Crain’s Detroit Business. It’s the life of a business journalist, right?
Kirk Pinho

Dan Gilbert gets political (sort of) in Homecoming talk

Dan Gilbert “probably skews toward libertarian” politically. That's what he told the crowd during a conversation with Bankole Thompson, senior editor of The Michigan Chronicle, at the Detroit Homecoming event held at the College for Creative Studies on Thursday.

Other Coverage

Detroit Free Press: Berry Gordy accepts inaugural Detroit Legend award

After two days of focus on jobs, investment and economic development, Detroit Homecoming kicked back for a nod to the city's musical legacy. Motown founder Berry Gordy Jr. was honored Thursday night with the event's inaugural Detroit Legend award.

Detroit News: Business community 'impressed' by Detroit

Who says Chapter 9 bankruptcy is a municipal death sentence? Not 64 small business owners who graduated Thursday from the Goldman Sachs-backed 10,000 Small Businesses program and not legendary investor Warren Buffett, who punctuated his customary mix of self-deprecation and financial advice with the observation that Detroit possesses the building blocks for meaningful investment and a credible turnaround.

Wall Street Journal: Detroit hails signs of progress as expats meet for 'Homecoming'

Detroit sought to show off its nascent economic recovery in a splashy "homecoming" event this week, even as the city lumbers through a massive municipal restructuring effort in federal bankruptcy court.

Detroit Free Press: Warren Buffett: 'We would buy a company in Detroit'

Billionaire investor Warren Buffett signaled plans to consider investments in Detroit, praised the General Motors CEO and said the city's historic bankruptcy is a good thing.

Mlive: Detroit Homecoming literally gives expats a piece of the city

The 150 or so former Detroiters sitting in the refurbished lobby of the David Whitney Building Wednesday night had a surprise gift for them at their tables.

Actor, TV Host, Editor, Entrepreneurs and Others Arrive for 'Homecoming'

Flights from across the country bought past Detroiters to the city for three days of nostalgia and networking.


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