During the week of June 23rd, 2014, Michigan Governor Rick Snyder signed a series of bills that vouches $195 million to Detroit. This large amount of money will be a great contribution to getting the city out of bankruptcy. The bill was signed at the 122-year-old Detroit's Globe Trading Co. building that was once an auto manufacturing facility.

There are plans to revitalize the Globe Trading Co. building, which has been vacant for 20 years. After a $12.8 million investment from the State of Michigan, the building was converted into a the riverside park's recreation center (William G. Milliken State Park)

The $195 million that will be given to Detroit comes with its own set of rules to ensure its effectiveness and expenditure. According to USA Today, one of the nation's leading newspapers, "a nine-member commission will oversee the city's finances, budgets and contracts for at least 13 years and set the level of contributions made to city employees' retirement and health care plans."

Detroit's bankruptcy has come a long way. In the last several months, many different businesses, organizations, and charities have contributed to Detroit's comeback in all different aspects. The nations largest bank (J.P. Morgan Chase) recently invested $100 million. The three Detroit-based automakers have collectively invested a large sum of money into the city's revitalization, creating jobs, upgrading facilities, and increasing Detroit's revenues.