Chairs Bill Ford of Ford Motors and Andrew Liveris of Dow Chemicals are collaborating to organize a summit to tackle the concerns of the manufacturing, technology, environmental, and energy sectors.

The summit is a response to the meeting of the Detroit Economic Club, where industry leaders voiced a need for action to stop the economic decline.

In efforts to support economic wellbeing, the summit will bring about a crossover from various industries with a common goal: the future.

Set for June of 2009, the meeting will be held in Detroit at Ford Field, with $2 million in sponsorship money from 50 organizations funding the event. This first-of-its-kind convention is already expected to draw over 5,000 company leaders. Names like GM, Chrysler, AT&T, Motorola, and IBM have all shown their support for the summit.

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