It's a city in crisis – but with potential for a big comeback. Despite an ailing auto industry and the highest jobless rate in the nation, Detroiters are determined to make their hometown thrive once again. For the next year, CNNMoney will focus on that challenge.

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Making it work in Motor City

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Keeping it local

Phillip Cooley is part of the demographic the city is trying to attract.

Young, educated, and motivated, Cooley has opened a local barbecue restaurant that grossed $4 million last year, provides jobs, and is helping revitalize a historic section of town.

In his spare time, Cooley is helping spruce up the huge, abandoned Central Michigan Train Station, pictured here.

NEXT: Promoting Detroit