Ann Arbor poses as a lucrative venue to several companies that deal with technology owing to the universities research and development arm and its vast talent pool of graduates. It has also been noticed that there has been a significant increase in the land prices of this area owing to a demographic change leading wealthier people to buy property here. What this has also brought about is a more affluent society with numerous opportunities for the sprouting new businesses spilling over into the country side as well.
Biotechnology, health services and technology, apart from the university are the major pillars of the city’s economy. Automobile companies such as General Motors and Visteon also find reason to employ people from this area.
Ann Arbor News was until now the major daily being circulated in this area. Covering all the several facets of the city from sports, entertainment, news features and neighborhood information, this daily closed its doors in July 2008. The Ann Arbor News was in circulation from the year 1835 started by Earl P Gardinier. The newspaper spokesperson cited economic difficulties caused by an unsustainable business model and a major slump in advertising revenues. The daily has been now replaced with the website AnnArbor.com which will publish news online and shall publish a print edition twice a week. With a daily circulation of 45,000, Ann Arbor representatives told its employees that they were free to apply to Ann Arbor.com but job cuts were inevitable.
Football is probably the most popular sport in Ann Arbor and is a regular feature in the sports section of any news provider, be it the internet or print. Another favorite is Baseball with the University of Michigan Baseball team being extremely popular amongst the residents. Taking sports viewership to the next level is the Michigan High School Athletic Association. They are starting a cable TV channel which will cover high school events and other sporting events and display it on the internet. Amalgamating technology with intellect, they have roped in Comcast, one of Michigan’s largest cable service providers as its network provider. The games that shall be shown on this channel shall mostly be recordings of the sporting events that have been conducted, as most of these games cannot be carried live on TV.
From the look of it Ann Arbor presents itself as one of the most lucrative places to live in, in the United State. It has been ranked as one of “the top places to live” in many lists published by several media outlets.