MEDC lands two financial firm expansions, 2,765 jobs

Metro Detroit has scored a couple of significant white collar job creators in its latest round of tax incentive deals from the Michigan Economic Development Corp.

PSCU Holding Services and The Minacs Group USA have agreed to expand their presence in Southfield and Auburn Hills over the next five years. The $23 million investment will mean 2,765 new jobs.

PSCU Holding Services will sink $12 million into expanding its software development, sales and technology-based call center and related support services in Auburn Hills. The financial service provider for credit unions plans to create 837 new jobs there over the next five years. To make this happen, the MEDC has given PSCU a $3.5 million tax credit (the city of Auburn Hills is considering one, too) so it would make this investment in Michigan instead of competing sites in Florida and Arizona.

Not to be outdone, The Minacs Group USA will invest $11 million in a new facility in Southfield that will create 1,928 new jobs. The provider of marketing solutions and business support services for Fortune 500 companies received a $9.1 million state tax credit over four years that helped seal the deal for Michigan over a competing site in Ontario. The city of Southfield is considering an abatement in support of the project as well.

Source: Michigan Economic Development Corp
Writer: Jon Zemke

MEDC lands two financial firm expansions, 2,765 jobs

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