Grand River Growth Plan -All Gibbs for City Jan 2 2026 - Flipbook - Page 99
Employment
Benz Financial Services, Japanese Solderless Terminals, Robert Bosch (Bosch Group) and Nissan
Technical Center of North America.
In January 2025, Bosch announced a $14 million investment in a hydrogen research hub at its
North American headquarters in Farmington Hills. The hydrogen research hub will create at
least 30 high-wage engineering jobs in advanced hydrogen fuel cell technology that strengthens
the city9s reputation as a home to innovative technology companies.
Other studies indicate Farmington Hills could see 400 – 600 office workers added annually
through 2030. While this study does not have a specific projection for the Grand River corridor,
it is expected that it will capture some of the job growth through the addition of medical and
healthcare-related jobs.
Over 75% s of Farmington Hills9 working age adults are employed in office professions. 60% of
adults have earned a bachelor9s degree or higher. These figures are associated with a favorable
2024 unemployment rate of just 3.5%. Each of these statistics exceed the figures noted in the
comparison geographies.
Figure 14: Building Permits – Farmington Hills 2015 - 2024
Year
Single
Family
Two
Family
Attach
Condo
MultiFamily
Total
Units
Total
Demos
Net Total
2015
22
0
0
0
22
2
20
2016
12
0
8
0
19
12
7
2017
15
0
0
0
15
6
9
2018
26
0
0
0
26
9
17
2019
32
0
0
16
48
7
41
2020
12
0
0
8
20
1
19
2021
12
0
0
0
12
4
8
2022
16
2
0
64
82
1
81
2023
72
0
0
117
189
0
190
2024
21
0
0
0
22
0
20
10 Yr Total
240
2
8
205
455
40
950 Units
Grand River Corridor Residential Market Analysis
Gibbs Planning Group, Inc. | Indigo Retail July 2, 2026
15.
