Press Release

Dykema, a leading national law firm, announces that Rex E. Schlaybaugh, Jr., Chairman and Chief Executive Officer, was elected to the Board of Directors of the Detroit Economic Growth Corporation at their Mid-Year Board Meeting.

“Rex’s leadership experience, business knowledge and commitment to the Detroit community will be of great value to the Detroit Economic Growth Corporation Board,” said S. Martin Taylor, Chairman of the Board of Directors. “I am confident he will bring the same level of dedication to the DEGC Board of Directors that he brings to his clients and firm on a daily basis, and we are excited he will be taking this leadership position at our organization.”

The Detroit Economic Growth Corporation is a private non-profit organization that is dedicated to creating new investment and jobs in the city of Detroit by providing technical, financial and development assistance to the city and the business community, from the start-up entrepreneur to the multinational corporation. By combining public sector policy and direction with private sector leadership, they are able to actively strengthen Detroit’s economic base.

“The Detroit Economic Growth Corporation is dedicated to the future of our community, and I’m excited to have a part in such a vital organization,” said Schlaybaugh. “The unique joint efforts of leaders in the public and private sectors allow for a Detroit business advocacy unlike any other available, and I believe the DEGC, and the businesses it serves, are on the right path for continued growth.”

Schlaybaugh has extensive experience in corporate matters concentrating in mergers and acquisitions of private and public companies, including capital market activities, leverage buyouts and recapitalizations. He also represents issuers, underwriters, equity investors in a broad spectrum of financing transactions, joint ventures, strategic partnerships, including private and public offerings of securities, secured and unsecured senior, mezzanine and subordinated debt facilities. Schlaybaugh provides general corporate and securities advice to many of the firm's corporate clients, including providing counsel to boards of directors and special committees thereof.

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