Detroit Economic Club

Detroit, MI · Founded 1934

Informing and educating regional leaders on major economic issues since 1934

Primary audience
Business leaders
Work area
Civic engagement
Topic
Policy discussion
Contact
Steve Grigorian
Website Contact

About Organization

Based in Detroit, MI, the Detroit Economic Club has served as a leading voice for business and economic issues since 1934, providing a nonpartisan forum where distinguished speakers address topics of regional and national importance. The club generates $1.8 million in annual revenue while bringing together business, civic, and community leaders to inform discussion and promote economic prosperity.

What They Focus On

Policy Dialogue

Creating forums for debate on business, government, and social issues affecting Detroit and Michigan

Leadership Engagement

Providing access to prominent speakers including elected officials, executives, and thought leaders

Business Community

Connecting regional business leaders through networking opportunities at club events and programs

Financial Information

Form 990 data showing organizational financial health and growth.

Revenue (2023)

$1.8M

+24.5% vs 2021

Expenses (2023)

$1.9M

+52% vs 2021

Assets (2023)

$3.6M

+5.2% vs 2021

Employees (2023)

8

+14.3% vs 2021

Year Revenue Expenses Assets Employees
2023 $1,830,273 $1,903,809 $3,593,130 8
2021 $1,470,575 $1,252,900 $3,415,666 7
2020 $1,225,694 $969,672 $3,405,015 7
2019 $1,486,234 $1,353,720 $2,956,308 7
2018 $1,852,006 $1,510,188 $2,748,317 9

Source: IRS Form 990 filings. All figures in USD.

How They Work

Learn more
  • 01

    Speaker Selection

    Identify prominent leaders addressing critical business, government, and social policy topics

  • 02

    Forum Planning

    Organize professional events providing accessible venues for speaker presentations and discussion

  • 03

    Member Engagement

    Facilitate networking and dialogue among business leaders attending club programs

  • 04

    Issue Amplification

    Share speaker insights broadly through media coverage and member communications

Programs and Initiatives

Services and programs offered by Detroit Economic Club

Speaker Forums

Public events featuring business, government, and thought leaders discussing critical policy issues

Member Networking

Opportunities for business leaders to connect and engage on topics affecting regional prosperity

Policy Discussion

Platforms for debate on economic development, governance, and social challenges facing Michigan

Leadership Access

Direct engagement with prominent speakers including elected officials and industry executives

Team & Leadership

Meet the people behind Detroit Economic Club.

Sandy Pierce

Sandy Pierce

Board Chair
SG

Steve Grigorian

President & CEO, Detroit Economic Club
Full-time
Compensation: $369,100
MC

Mary Culler

President, Ford Motor Company Fund
1 hrs/week
PG

Peter Gudritz

Director, Office of the CEO & Executive Communications, The Dow Chemical Company
1 hrs/week
MA

Michelle Acciavatti

Managing Director, North America Health, Wealth and Career Leader, WTW
JA

Jim Anderson

Founder, President & CEO, Urban Science
LA

Linda Apsey

President & CEO, ITC Holdings Corp.
NA

Neveen Awad

Managing Director & Partner, Boston Consulting Group
MB

Mary Barra

Chairman & CEO, General Motors
HB

Hussein Berry

Vice President, Delta Air Lines
MB

Michael Bickers

Regional President, Detroit and SE Michigan, PNC Bank
CC

Carolyn Cassin

President & CEO, Michigan Women Forward
TC

Tim Codd

Founder, President & CEO, Masako Consulting LLC
DC

David C. Dauch

Chairman & CEO, AAM
SD

Steven Davis

Michigan Market President, Comerica Bank
TF

Tina Freese Decker

President & CEO, Corewell Health
MA

Mark A. Douglas

President, Avis Ford Inc.
JD

Jeff Donofrio

President & CEO, Business Leaders For Michigan
JD

Jason Drake (Honorary)

Managing Director, Plante Moran
BE

Bob Ellis

Vice President & General Manager, WDIV-TV & Click
BE

Bill Emerson

President, Rocket Companies
JF

John Fikany

President & CEO, The Fikany Group
SF

Steve Finateri

Vice President/Market Manager, WJR Radio
DF

David Fischer Jr.

CEO, Suburban Automotive Services
DF

David Foltyn

Chairman & CEO, Honigman
BF

Bill Ford Jr.

Executive Chairman, Ford Motor Company
MF

Mindi Fynke

Founder & CEO, Ike Investments
RG

Ralph Gerson

Treasurer & Director, William Davidson Foundation
AY

Ambassador Yousif B. Ghafari

Chairman, Ghafari, Inc.
DG

Dan Gilbert

Founder & Chairman, Rocket Companies
DG

David Girodat

Regional Chairman, Fifth Third Bank – Eastern Michigan
KG

Kevin Guskiewicz, Ph.D.

President, Michigan State University
RH

Richard Hampson

Metro Detroit Market President, Old National Bank
RH

Rich Homberg

President & CEO, Detroit PBS
LH

Linda Hubbard

President & CEO, Carhartt
CI

Christopher Ilitch

President & CEO, Ilitch Holdings, Inc.
YJ

Yasmeen Jasey

Michigan President, Citizens
HK

Hans-Werner Kaas

Senior Partner, Mc
AJ

Alan Jay Kaufman

Chairman, President & CEO, H.W. Kaufman Financial Group, Inc.
TK

Tricia Keith

President & CEO, Blue Cross Blue Shield of Michigan
AK

Angie Kelly

Office Managing Partner, EY
PK

Patrick Killeen

Michigan Office Managing Principal, Baker Tilly
SK

Sam Klemet

Executive Director, Detroit Auto Dealers Association
RK

Ronia Kruse

President & CEO, OpTech
ML

Michael Land

Metro Detroit Market President, The Huntington National Bank
CL

Christopher Layden

President & CEO, Kelly
DL

David Lewis

President, AT&T Michigan
HM

Heidi Magyar (Vice President)

Community & Social Impact and Heritage Operations Executive, General Motors
BM

Ben Maibach III

Vice Chairman & Chief Community Officer, Barton Malow Company
SM

Shatica McDonald

Michigan Office Managing Director, Accenture
MM

Mark Mendola 

Vice Chairman – U.S. Managing Partner, PwC
TM

Tony Michaels

President & CEO, The Parade Company
GM

Gary Miles

Editor & Publisher, The Detroit News
NA

Nichole Avery Nichols

Editor & Vice President, Detroit Free Press
JB

James B. Nicholson

Chairman, PVS Chemicals, Inc.
JN

Jerry Norcia

Chairman, President & CEO, DTE Energy
DP

David Parent

Michigan Managing Principal, Deloitte
RS

Roger S. Penske

Chairman, Penske Corporation
OH

Ora Hirsch Pescovitz, M.D.

President, Oakland University
SR

Stephen R. Polk

CEO, Highgate LLC
LP

Lori Powe

Chief Client Officer / Principal, NBS Commercial Interiors
PP

Peter Provenzano, Jr.

Chancellor, Oakland Community College
JR

John Rakolta Jr.

Chairman, Walbridge
TR

Terry Rhadigan

Chair, Detroit Sports Organizing Corp.
RR

Robert Riney

President & CEO, Henry Ford Health
AR

Andra Rush

Founder, President & CEO, The Rush Group LLC
DM

Dr. Mark Saffer

President, Work-Safe
RS

Ray Scott

President & CEO, Lear Corporation
NS

Nicole Sherard-Freeman

President & CEO, Community Foundation for Southeast Michigan
ES

Ed Siaje

President, Bank of America – Detroit
DS

Dr. Suzy Siegle

President, Walsh College
DT

Dr. Tarek Sobh

President, Lawrence Technological University
AS

Amy Solek

Detroit Office Leader, PwC
RS

Rachel Stewart

CEO, Gardner-White
HJ

Herbert J. Strather

President & CEO, Strather & Associates LLC
JT

Jeff Tate

Chief Financial Officer, Dow
JT

Jeff Terrill

Great Lakes Market Executive, Flagstar
AT

Arn Tellem

Vice Chairman, Detroit Pistons
JT

Jason Tinsley

Vice Chair, J.P. Morgan Private Bank
KV

Kevin Voigt (Honorary)

Michigan Managing Partner, KPMG
LW

Leonard Wolfe

Chairman & CEO, Dykema Gossett

Milestones

1934

Club Founded

1934

Established to provide platform for business and policy debate in Detroit

1942

Federal Recognition

1942

Obtained tax-exempt status to support educational mission on policy issues

2018

Revenue Peak

2018

Achieved highest annual revenue of $1.85 million through expanded programming

2023

Current Operations

2023

Operating with 8 employees and 128 volunteers serving Detroit business community

Associated People

Board members, advisors, and key contributors

Board of Directors

AJ
Alan Jay Kaufman Director 1.00 hrs/week
AS
Amy Solek Director 1.00 hrs/week
AR
Andra Rush Director 1.00 hrs/week
AK
Angie Kelly Director 1.00 hrs/week
AT
Arn Tellem Director 1.00 hrs/week
BM
Ben Maibach III Director 1.00 hrs/week
BC
Beth Chappell Director 1.00 hrs/week
BE
Bill Emerson Director 1.00 hrs/week
CC
Carolyn Cassin Director 1.00 hrs/week
CM
Charles McClure Director 1.00 hrs/week
CI
Christopher Ilitch Director 1.00 hrs/week
CD
Congresswoman Debbie Dingell Director 1.00 hrs/week
DG
Dan Gilbert Director 1.00 hrs/week
DL
Daniel Loepp Director 1.00 hrs/week
DD
David Dauch Director 1.00 hrs/week
DF
David Fischer Jr Director 1.00 hrs/week
DF
David Foltyn Director 1.00 hrs/week
DG
David Girodat Director 1.00 hrs/week
DL
David Lewis Director 1.00 hrs/week
DP
David Parent Director 1.00 hrs/week
DM
Dr Mark Saffer Director 1.00 hrs/week
DO
Dr Ora Pescovitz Director 1.00 hrs/week
DT
Dr Tarek Sobh Director 1.00 hrs/week
DT
Duane Tarnacki Director 1.00 hrs/week
GM
Gary Miles Director 1.00 hrs/week
HK
Hans-Werner Kaas Director 1.00 hrs/week
HS
Herbert Strather Director 1.00 hrs/week
HB
Hussein Berry Director 1.00 hrs/week
JA
James Anderson Director 1.00 hrs/week
JN
James Nicholson Director 1.00 hrs/week
JP
James Proppe Director 1.00 hrs/week
JT
Jason Tinsley Director 1.00 hrs/week
JD
Jeff Donofrio Director 1.00 hrs/week
JN
Jerry Norcia Director 1.00 hrs/week
JF
Jim Fitterling Director 1.00 hrs/week
JT
Jim Tish Director 1.00 hrs/week
JF
John Fikany Director 1.00 hrs/week
JR
John Rakolta Jr Director 1.00 hrs/week
KW
Kathy Weaver Director 1.00 hrs/week
KC
Keith Crain Director 1.00 hrs/week
KV
Kevin Voigt Director 1.00 hrs/week
KA
Kimberly Andrews Espy Director 1.00 hrs/week
LW
Leonard Wolfe Director 1.00 hrs/week
LA
Linda Apsey Director 1.00 hrs/week
LH
Linda Hubbard Director 1.00 hrs/week
LC
Lisa Cawley Director 1.00 hrs/week
LP
Lori Powe Director 1.00 hrs/week
MD
Mark Douglas Director 1.00 hrs/week
MM
Mark Mendola Treasurer 1.00 hrs/week
MB
Mary Barra Director 1.00 hrs/week
ME
Matthew Elliott Director 1.00 hrs/week
MB
Michael Bickers Director 1.00 hrs/week
ML
Michael Land Director 1.00 hrs/week
MA
Michelle Acciavatti Director 1.00 hrs/week
MF
Mindi Fynke Director 1.00 hrs/week
NA
Neveen Awad Director 1.00 hrs/week
NA
Nicole Avery Nichols Director 1.00 hrs/week
PK
Patrick Killeen Director 1.00 hrs/week
PK
Peter Karmanos Jr Director 1.00 hrs/week
PP
Peter Provenzano Jr Director 1.00 hrs/week
PQ
Peter Quigley Director 1.00 hrs/week
PT
Praveen Thadani Director 1.00 hrs/week
RS
Rachel Stewart Director 1.00 hrs/week
RG
Ralph Gerson Director 1.00 hrs/week
RS
Ray Scott Director 1.00 hrs/week
RD
Ric Devore Director 1.00 hrs/week
RH
Rich Homberg Director 1.00 hrs/week
RH
Richard Hampson Director 1.00 hrs/week
RR
Robert Riney Director 1.00 hrs/week
RA
Rod Alberts Director 1.00 hrs/week
RG
Roderick Gillum Secretary 1.00 hrs/week
RP
Roger Penske Director 1.00 hrs/week
RK
Ronia Kruse Director 1.00 hrs/week
SH
Sandra Hermanoff Director 1.00 hrs/week
SP
Sandra Pierce Executive Board Chair 1.00 hrs/week
SO
Santa Ono Director 1.00 hrs/week
SJ
Scott Jecmen Director 1.00 hrs/week
SP
Stephen Polk Director 1.00 hrs/week
SF
Steve Finateri Director 1.00 hrs/week
SD
Steven Davis Director 1.00 hrs/week
SS
Suzy Siegle Director 1.00 hrs/week
TR
Terry Rhadigan Director 1.00 hrs/week
TH
The Honorable Jocelyn Benson Director 1.00 hrs/week
TH
The Honorable Michael Duggan Director 1.00 hrs/week
TH
The Honorable Sandy Baruah Director 1.00 hrs/week
TH
The Honorable Yousif Ghafari Director 1.00 hrs/week
TC
Tim Codd Director 1.00 hrs/week
TF
Tina Freese Decker Director 1.00 hrs/week
TM
Tony Michaels Director 1.00 hrs/week
WF
William Ford Jr Director 1.00 hrs/week
YJ
Yasmeen Jasey Director 1.00 hrs/week
Sandy Pierce
Sandy Pierce Board Chair
JA
Jim Anderson Founder, President & CEO, Urban Science
MC
Mary Culler (Vice President) President, Ford Motor Company Fund
JD
Jason Drake (Honorary) Managing Director, Plante Moran
BE
Bob Ellis Vice President & General Manager, WDIV-TV & Click
BF
Bill Ford Jr. Executive Chairman, Ford Motor Company
AY
Ambassador Yousif B. Ghafari Chairman, Ghafari, Inc.
SG
Steve Grigorian President & CEO, Detroit Economic Club
PG
Peter Gudritz (Vice President) Director, Office of the CEO & Executive Communications, The Dow Chemical Company
KG
Kevin Guskiewicz, Ph.D. President, Michigan State University
TK
Tricia Keith President & CEO, Blue Cross Blue Shield of Michigan
SK
Sam Klemet Executive Director, Detroit Auto Dealers Association
CL
Christopher Layden President & CEO, Kelly
HM
Heidi Magyar (Vice President) Community & Social Impact and Heritage Operations Executive, General Motors
SM
Shatica McDonald Michigan Office Managing Director, Accenture
NA
Nichole Avery Nichols Editor & Vice President, Detroit Free Press
NS
Nicole Sherard-Freeman President & CEO, Community Foundation for Southeast Michigan
ES
Ed Siaje President, Bank of America – Detroit
JT
Jeff Tate Chief Financial Officer, Dow
JT
Jeff Terrill Great Lakes Market Executive, Flagstar

Information compiled from IRS Form 990 and organizational materials.

Executive Compensation

Top compensated officers & key employees from IRS Form 990

Total Reported (2023)

$416K

Highest Paid

$416K

Steve Grigorian

Compensated Officers

1

Name Title Base Other Total Hrs/Wk
Steve Grigorian Director, President & CEO $369,100 $46,714 $415,814 40

Source: IRS Form 990 filings. Compensation includes base and other reported compensation.

COVID-19 PPP Loans

Paycheck Protection Program (2020-2021)

Fully Forgiven

Total Approved

$188K

Total Forgiven

$189K

101% forgiven

Jobs Retained

14

Loan Details 2 loans

$93,800
Forgiven
Forgiven: $94,681 100%
Approved Apr 15, 2020
Lender Citizens Bank, National Association
Jobs Reported 7
Forgiven On Apr 1, 2021
$93,800
Forgiven
Forgiven: $94,396 100%
Approved Jan 25, 2021
Lender Citizens Bank, National Association
Jobs Reported 7
Forgiven On Sep 20, 2021

Source: Small Business Administration • Paycheck Protection Program (2020-2021)

Partners & Funders

Grant funding relationships from IRS Form 990 filings

$20K Grants Received
2 Organizations

Top Funders

2 total
JL
Jackson Lewis Foundation
$10K
HF
Henry Ford Health System
$10K

Source: IRS Form 990 Schedule I filings. Amounts may span multiple tax years.

Contact

Get in touch with Detroit Economic Club

Email

[email protected]

Phone

(313) 963-8547

Social

Visit Website
211 West Fort Street No 710 Detroit, MI 48226