Daily Detroit
Daily Detroit
Daily Detroit
Eric Thomas Talks Detroit, StockX Gets $44M, City Household Incomes Up & Your News
17 minutes Posted Sep 13, 2018 at 1:46 pm.
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You show for September 13th, 2018 from the floor of Digital Summit Detroit. Our feature interview is with Eric Thomas, the founder of Saga Marketing. He recently had a piece in the Financial Times and is locally famous for his LinkedIn blog post, "Why I hate Detroit." 

- Detroit’s getting a bit more of Silicon Valley’s magic. StockX, the Detroit-based Stock Market of Things, just closed on a $44 million Series B funding round with GV, which was previously called Google Ventures. The company says it plans to hire more than 1,000 people in the next year.

- How is Detroit’s comeback doing? Well here’s an interesting indicator. According to data provided by the U.S. Census, the city of Detroit’s median household income rose 8% in 2017. That rate is four times the national average of 2%.

- A new report suggests that the market for luxury vehicles is on track for a near-record year, thanks largely to the growth in high-end sport utility vehicles.

- A pop-up Vespa dealer is opening in the Fisher Building. 

- The Salvation Army is doing a “Ring for Bling” campaign for those taking part in their annual Red Kettle fundraising campaign. The nonprofit Salvation Army provides a lot of services in Metro Detroit, including feeding the homeless, combating addiction, fighting poverty and working to stop human trafficking. For every two-hour Red Kettle volunteer shift, volunteers get an entry for a chance to win a diamond necklace from Lucido Fine Jewelry. The Gabriel NY piece is worth more than $6,000.

- Michelle Obama is coming to Detroit as part of a 10-city tour to promote her new memoir, “Becoming.” She’ll be at Little Caesars Arena on Tuesday, December 11th.