RACER Trust Activities Creating Billions in Economic Output Across Regional Economies

RACER Trust's environmental cleanup and the redevelopment by buyers and end users of its former General Motors Corp. (GM) properties have had a significant, positive impact on the regional economies which were hurt by the GM bankruptcy.

For the 11-year period starting on RACER’s March 31, 2011 effective date, through the end of April 2022, expenditures by RACER on cleanup, holding and repositioning and the $3.95 billion invested by buyers and end users for redevelopment of RACER properties produced an estimated 71,634 jobs (FTEs), $5.2 billion in labor income and $13.1 billion in regional economic output.

Investments by RACER Trust’s buyers and end users through April 2022 have generated annual, recurring impacts of 59,612 jobs, $4.5 billion in labor income and $16.4 billion in regional economic output, creating new opportunities and revenue for communities hurt by the GM bankruptcy.

The peer-reviewed analysis conducted by Industrial Economics, Incorporated, using accepted economic modeling, also found that every dollar invested by RACER generated $18.85 in short-term regional economic output during this 11-year period.

We have updated our website to reflect the broad and beneficial impacts RACER, its buyers and end users are producing for our communities. I invite you to see for yourself: https://www.racertrust.org/impact.