Economists define "full employment" as anything under a 5% unemployment rate. Brooks' job attraction initiatives in the knowledge-based economy have helped Oakland County reach 4.7% unemployment as of June of 2016.
Automation Alley In his 1997 State of the County speech, Brooks launched Automation Alley – a consortium of high tech companies, government entities and educational institutions to compete with the likes of Silicon Valley, Boston’s Route 128 and North Carolina’s Research Triangle. Today, Automation Alley is serving the region with more than 1,000 members spanning 8 counties.
Tech 248 Harnessing the power of more than 2,000 Information Technology companies in Oakland County, Brooks launched Tech 248 to attract investment from around the world in the fastest growing and second largest Emerging Sector. Tech 248 helps tech companies collaborate and attract, develop and retain talent while promoting Oakland County as a global technology hub.
Emerging Sectors In 2004, Brooks created Oakland County’s Emerging Sectors Initiative to identify the top 10 sectors that will attract and retain sustainable, high-paying jobs to Oakland County in the 21st Century. Companies in these emerging sectors are involved in such leading-edge technologies as biotechnology, nanotechnology, wireless communications and alternative energy. More than 393 high-tech companies have invested more than $3.5 billion creating more than 38,700 jobs and retaining nearly 23,400 jobs since its inception.